|Day Low/High||354.90 / 361.64|
|52 Wk Low/High||281.20 / 401.50|
Retailers were handed a major blow by the Federal Reserve when the appeals court upheld a rule allowing banks to charge retailers as much as twenty-one cents to process debit-card transactions.
Today's Hot Topic updates Thursday's action and the flight to quality we saw in bonds and the yen. There's still a few names I'd consider buying, but if this trend continues we could see continued pressure in stocks.
We're seeing signs of indecision, which are typical of the end of an advance.
The prepaid RushCard continues to grow at a double digit clip as underbanked consumers seek an easier and cheaper way to manage their finances, says the card's originator Russell Simmons.
MasterCard, the world's second-largest transaction network after Visa reported revenue 11.6% higher, a net earnings jump of 16%, and payments volume soar 14% to $1.1 trillion.
The uptrend has been decisively broken, and we may be seeing a major shift in sentiment.
Wedbush Securities Computer Services Analyst Gil Luria says online retailers, such as Overstock, will benefit from lower transaction charges as they start accepting Bitcoin.
MasterCard triggered our entry price with a 1.26% gain, erasing most of its losses for the year.
The mood is subdued, and many are using smartphones to get the best deals.
MasterCard drops out of the running for the $1,000 stock club and Cramer tells us which tech stock he's long prior to earnings.
Shopping from tablets and smartphones may reach $7.1 billion this season.
Shoppers flocked to Macy's for winter gear as credit card companies find they have to spend more to keep volumes up.
Bag counting is a good indicator of which retailers are doing well.
Obamacare, courts will shake up managed care and credit card stocks.