Tomorrow’s the BIG DAY for Visa and Mastercard!
Fortunately the market’s recent move has had a lot of support by stocks like AAPL, BIDU and GOOG allowing it to consolidate at these higher levels without a sell off. We have two “BIG” stocks left (Visa and MasterCard) - there are a lot of people that are sitting on the sidelines with Visa because its their first report…
MA has held ALL gains and has been knocking out 52 week highs left and right even when the market was in the gutter. I expect a lot of volatility between the two stocks tomorrow. Visa could test $80 if people are optimistic enough. Again as with BIDU, AAPL and GOOG, risk vs. reward .. I’m not sure I’d hold over.. you’re throwing a dart again.
If Visa hits… it’s going to $100, period.
Tim Sykes compares it to card collecting in the 1990’s and earlier in an AOL article he discusses HERE.
Or You Thought VISA (V) was the Hottest IPO of 2008? Wrong.
Other upcoming earnings HERE
Other Financial Blogs relating to MasterCard or Visa HERE HERE and HERE
April 28th, 2008 at 11:02 pm
[…] … looks like its going to fill the gap tomorrow. I think a lot of people want to see how MasterCard’s earnings turn out before they are […]
April 29th, 2008 at 1:15 pm
[…] Visa and Mastercard are not disappointing today. Visa got a boost from MA and has since gained some momentum of it’s own. Master card is almost at its $275 mark. Visa may test the $80 mark. […]
April 29th, 2008 at 3:58 pm
[…] just made a new 52 week high hitting the $80 dollar mark I anticipated. It has now gained enough momentum on its own to withstand MasterCard’s dip at 3PM and break […]