Global Payments' (GPN) aggressive buyouts shape its inorganic growth profile, which complements its organic growth.
Mergers between Fiserv and First Data, FIS and and Worldpay, and Global Payments and TSYS dominated the industry in the past year.
NEW YORK, NY / ACCESSWIRE / August 7, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New ...
After a lethargic start, some encouraging commentary on the future of international trade lifted stocks out of the doldrums on Tuesday. The S&P 500 ended the day at 3,005.7, up 0.26%, though the gain was made on light volume.Source: Shutterstock Snap (NYSE:SNAP) was one of the key drivers of that progress. The Snapchat parent's stock jumped nearly 7% after Susquehanna analyst Shyam Patil upped his stance on the company from "Negative" to "Neutral." A much bigger Corning (NYSE:GLW), however, was one of the key reasons the broad market didn't fare better. Shares of the industrial tech outfit fell more than 6% after lowering its sales guidance for the quarter now underway. * 10 Recession-Resistant Services Stocks to Buy As for the names worth a closer look headed into Wednesday's session, however, the stock charts of Global Payments (NYSE:GPN), Valero Energy (NYSE:VLO) and Discovery (NASDAQ:DISCA) stand out. Here's what's most interesting about each.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Discovery (DISCA)With nothing more than just a quick glance, Discovery shares look like they're trapped in a choppy, sideways range. And, perhaps that's all it is. A more critical and longer-term look at the action that has taken shape over the course of the past couple of years, however, suggests DISCA stock is alarmingly vulnerable to more downside. It just needs one more good nudge to push it over the edge of that cliff. * Click to EnlargeIt's subtle, but it's too reliable to ignore now. That is, the 200-day moving average line plotted in white on both stock charts has been a key support and resistance level. Last week, it was major resistance. * Zooming out to the weekly chart we can see a glimpse of a head-and-shoulder pattern, with a neckline that was broken in the middle of last month. Once the neckline is broken, the stock in question should theoretically fall the same distance between the neckline and the top of the head. * The last bastion of hope for the bulls is that the recent floor around $26.16, plotted in yellow on the daily chart, continues to hold up as support. Global Payments (GPN)It was news that sparked the volatility in shares of Global Payments yesterday. The European Union has given permission to the payments middleman to acquire Total System Services (NYSE:TSS). As such, some traders expect Tuesday's volatility will have passed by Wednesday. And, perhaps it will.Sometimes, however, it's news that triggers a pent-up technical move that's simply waiting on the right catalyst. If that's the case here for GPN, traders may want to brace for a sizeable pullback. * 7 Stocks the Insiders Are Buying on Sale * Click to EnlargeThe shape of the bar itself is key. Despite a decent start and an early move to a big gain, by the time the closing bell rang, the stock was below Monday's low. This "outside day" reversal suggests a sweeping change of heart often seen at major pivot points. * Yesterday's volume spike also suggests a transition from a net-buying to a net-selling environment. * The weekly chart's RSI line illustrates just how overbought Global Payments was, and still is. That same chart also underscores how important the 100-day moving average line, marked in gray on both stock charts, is as a technical floor. Valero Energy (VLO)Finally, topping with an energy stock right now can be a tricky game. Aside from being something of a political pawn and clearly subject to even threats of disruption, the true depth of global demand is fuzzy as the world works towards alternative energy sources.To the extent one can trust the chart of any oil and gas name at this time though, Valero Energy is dropping some interesting hints. One more bullish "oomph" could get shares up and over a recently developed hurdle and start a major recovery of last year's major meltdown. * Click to EnlargeThe hurdle in question is the line that connects all the recent peaks since the beginning of July, marked in red on both stock charts. * Fueling the range-bound action that set up this consolidation is a floor that not only connects the key lows since late last year, but extends back to early 2018. It's marked in yellow on both stock charts. * Tilting the scales in a bullish direction is the way the moving average lines have converged after a wide divergence. If history repeats itself, they'll start to diverge again, starting with the purple 50-day moving average line's cross above the white 200-day line … a so-called "golden cross" that often portends prolonged bullishness.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post 3 Big Stock Charts for Wednesday: Global Payments, Discovery and Valero Energy appeared first on InvestorPlace.
Bull of the Day: Fiserv, Inc. (FISV)
NEW YORK, Aug. 7, 2019 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Middle District of Georgia, Case No. 4:19-cv-00114-CDL, on behalf of shareholders of Total System Services, Inc. ("TSS" or the "Company") (TSS) who have been harmed by TSS's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed merger of the Company with Global Payments, Inc. ("Global Payments").
Sr. EVP, Gen. Counsel, Sec. of Total System Services Inc (30-Year Financial, Insider Trades) G Sanders Griffith Iii (insider trades) sold 12,326 shares of TSS on 09/05/2019 at an average price of $138.5 a share. Continue reading...
Moody's Investors Service ("Moody's") has assigned a Baa3 senior unsecured rating to Global Payments Inc.'s ("Global Payments") proposed offering of senior notes. The net proceeds from the offering will be used to repay outstanding revolving credit facility balances. Global Payments is one of the leading operators in the global payment processing industry with net revenue scale of $7.1 billion (pro forma 2019).
Guru stock highlight Continue reading...
Global Payments and TSYS merger was among Atlanta Business Chronicle's top stories of the decade.
Moody's Investors Service ("Moody's") assigned a senior unsecured rating of Baa3 to Global Payments Inc. (Global Payments) proposed issuance of senior unsecured notes. Proceeds from the senior unsecured notes issuance will be used to repay existing debt at the closing of the company's pending merger with Total System Services, Inc ("TSYS", Baa3 stable).
A growing Silicon Valley-based fintech says it will expand to Atlanta by establishing a new "center of excellence."
Chairman and CEO of Total System Services Inc (30-Year Financial, Insider Trades) M Troy Woods (insider trades) sold 110,000 shares of TSS on 09/06/2019 at an average price of $141.73 a share. Continue reading...
Senior EVP and CIO of Total System Services Inc (30-Year Financial, Insider Trades) Patricia A Watson (insider trades) sold 13,830 shares of TSS on 08/30/2019 at an average price of $133.63 a share. Continue reading...
Fidelity National Information Services' (FIS) Q2 earnings reflect lower expenses, higher organic revenue growth and expanding margin.
Banking on strong retail sales and the use of cutting-edge technology, these four stocks should be on your watch list for 2H19.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Global Payments Inc. New York, October 09, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Global Payments Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
CDW shares were indicated sharply higher in pre-market trading Wednesday after the IT solutions group was tabbed to join the S&P; 500 next week.
NEW YORK , Sept. 17, 2019 /PRNewswire/ -- CDW Corp. (NASD: CDW) will replace Total System Services Inc. (NYSE: TSS) in the S&P 500 effective prior to the open of trading on Monday, September 23. S&P 500 ...
Moody's Investors Service ("Moody's") affirmed Global Payments Inc.'s (Global Payments) senior unsecured rating of Baa3. Concurrently, Moody's withdrew the Corporate Family Rating (CFR) of Ba2, the probability of default rating of Ba2-PD, the speculative grade liquidity rating of SGL-1, and the senior secured credit facility rating of Ba2. The action follows the closing of Global Payments' merger with Total System Services, Inc (TSYS) and the establishment of the combined company's debt capital structure.