Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

The vast majority of retail client accounts lose money when trading CFDs.

You should consider whether you can afford to take the high risk of losing your money.

The vast majority of retail client accounts lose money when trading CFDs.
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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail client accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Important Notice - Fraud awareness
Important Notice - Scam alert
The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The vast majority of retail investor accounts lose money when trading CFDs / Spread betting with this provider. You should consider whether you understand how CFDs / Spread betting work and whether you can afford to take the high risk of losing your money.
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Visa Stock Tests Resistance Ahead of Earnings

Visa releases earnings later this week, and the company’s stock price has hit resistance ahead of the report.

This week, a Wall Street Journal report said the company would partner with JP Morgan and Bank of America banks on a digital wallet.

V – Weekly Chart

V – Weekly Chart

Visa stock hit the $250 all-time high and has pulled back to the $226 level.

The goal of the new partnership is for the big banks to take on Apple Pay and PayPal. Apple has 500 million users on its digital payments platform, and PayPal has over 400 million.

Wells Fargo will also be part of the new wallet with support from Mastercard. Early Warning Services LLC, a joint venture owned by the banks, already operates the Zelle Payments Network, and this will be expanded.

Visa releases its Q1 full-year 2023 earnings on Thursday after the market closes. Since the company’s IPO in 2008, Visa has returned 1,500% for investors. Even though a tough 2022 Visa managed to produce positive gains with an 8.5% return over the last 12 months, much better than the S&P return of -11%. That included a loss of 4% of revenues after the company pulled out of doing business in Russia.

Analysts expect Visa’s Q1 sales to increase by 8.8% to $7.7 billion. Earnings expectations are also strong, with forecasts of 10.5% growth to $2 per share.

The earnings will be necessary for Visa to see if the company can surpass the all-time high or begin a pullback.

Last Updated: 25/01/2023

This market commentary and analysis has been prepared for ATFX by a third party for general information purposes only. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell as it does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should therefore seek independent advice before making any investment decisions. This information has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. We aim to establish and maintain and operate effective organisational and administrative arrangements with a view to taking all reasonable steps to prevent conflicts of interest from constituting or giving rise to a material risk of damage to the interests of our clients. The market data is derived from independent sources believed to be reliable, however we make no representation or warranty of its accuracy or completeness, and accept no responsibility for any consequence of its use by recipients. Reproduction of this information, in whole or in part, is not permitted.


 

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