V - Visa Inc.- NYSE- Business Services (NYSE Stock)

[greencat]

VISA ready to take off IMO.

Originally Posted by greencat

VISA or V looking like its ready to mke a move. It may take some news but has the look of a stock ready to make gains.

V Chart

[barry49]

i agree. it is moving up steadily while market is not. all time high is near by (95)

[greencat]

VISA has a cup pattern and making a higher high. VISA looks ready to make a nice move up..

V Chart

[BadThad]

SAN FRANCISCO (MarketWatch) -- Visa Inc., MasterCard Inc. and banks that issue their credit cards have agreed to a $7.25 billion settlement with U.S. retailers in what could be the largest antitrust settlement in U.S. history, according to Reuters. The settlement would resolve a lawsuit over the fixing of credit and debit card fees filed by retailers in 2005, Reuters and other media outlets reported after the settlement papers were filed Friday in a federal court in Brooklyn. A judge must approve the settlement. Reuters said the settlement proposal involves a payment to a class of stores of $6 billion from Visa /quotes/zigman/502306/quotes/nls/v V +1.18% , MasterCard /quotes/zigman/390906/quotes/nls/ma MA +1.26% and more than a dozen of the country's largest banks who issue the companies' cards. The card companies have also agreed to reduce swipe fees by the equivalent of 10 basis points for eight months for a total consideration to stores valued at about $1.2 billion, Reuters said, citing lawyers for the plaintiffs. An additional $525 million will be paid to stores suing individually, according to Reuters

Hopefully this will bring the stock price down! Good chance to play the bottom! It's run up WAY to far since 2011 IMO.

Current stock price: $126.91

[BadThad]

Well....opposite effect, I guess people see this as bringing clarity to a known problem. The stock is up today!

Current stock price: $130.17

With a PE of 29, I still see this stock as over-priced. The divy yield is a scant 0.7% which provides futher evidence.