Stocks To Watch For 07/30/08 – VISA
Source: http://feeds.feedburner.com/~r/StocksOptionsBlog/~3/350476364/Posted on Wednesday, July 30th, 2008 | In Market Commentary, Stocks to Watch
VISA (V), which went public in March of this year, will be reporting third quarter earnings today after the close of the stock market. We expect the company to exceed earnings expectations, as more and more consumers are using their credit and debit cards more for purchases.
Unlike banks and American Express (AXP) which on July 21st, reported a 36% drop in earnings when compared to the same period last year, for the second quarter of 2008, VISA (V) does not take on potential (or actual) credit losses. When a Visa card is used, Visa (V) is paid for processing the transaction, and is paid regardless of whether the credit card holder ends up defaulting or not. All credit losses remain with the issuing bank.
Consensus EPS estimates for the quarter are $0.48 on $1.55 billion in revenues.
Depending on how Visa moves in early trading, we may be issuing an options trade to capitalize on the earnings report. Check often, or send us an email at navivest@navivest.com and we will email you the trade.
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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