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Visa & MasterCard Lead Markets

 
Presented by  Nick Santiago February 02, 2012 11:13AM
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This morning, Visa Inc (NYSE:V) and MasterCard Inc (NYSE:MA) are surging sharply higher. The catalyst for the rally in these two leading stocks is a strong reaction to the MasterCard earnings announcement. MA stock will have some short term intra-day resistance around the $385.00 level. Visa Inc stock is obviously trading higher in sympathy to the MasterCard earning report. Visa stock is now trading at a new all time high at $106.13 a share.


Other leading credit card stocks that are trading higher include American Express Co (NYSE:AXP) and Discover Financial Services (NYSE:DFS). It is important to note that AXP and DFS are also bank holding companies; therefore they will not always trade along with the credit card companies such as Visa and MasterCard.
Last modified on Thursday, 02 February 2012 11:35
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