Overview of the fund’s portfolio updates Continue reading...
Crosslink Capital is a San Francisco-based hedge fund founded by Michael Stark and Seymour Franklin Kaufman thirty years ago. Michael Stark is the fund’s portfolio manager and a supervisor of all investment-related activities of the fund. He holds a M.B.A. with honors and Distinction from the University of Michigan and a B.S. in Engineering from […]
The payments processing giant agreed to be acquired in March.
NEW YORK, NY / ACCESSWIRE / June 2, 2019 / Juan Monteverde , founder and managing partner at Monteverde & Associates PC , a national securities firm headquartered at the Empire State Building in New York ...
It is already common knowledge that individual investors do not usually have the necessary resources and abilities to properly research an investment opportunity. As a result, most investors pick their illusory “winners” by making a superficial analysis and research that leads to poor performance on aggregate. Since stock returns aren't usually symmetrically distributed and index […]
Lisa Ellis of MoffettNathanson tells TheStreet that 'unglamorous' FIS should rise following its impending acquisition of WorldPay.
U.S. financial services provider Fidelity National Information Services Inc (FIS)
Insider Monkey tracks hedge funds, billionaires, and prominent value investors for a very simple reason: their consensus picks generally outperform the market. We aren’t the only research shop broadcasting this fact using a bullhorn. Here is what strategist Ben Snider said in Goldman Sachs’ periodic hedge fund report: “Despite the strong track record of popular […]
Read the beginning of this article here. At the end of March 2019, Marshall Wace held the most valuable position in Zoetis Inc. (NYSE:ZTS), the biggest producer of vaccinations and medicine for livestock and pets that was once a part of the world’s biggest drug maker, Pfizer. The company has a market cap of $54.81 […]
Total System Services was the third, and likely final, acquisition in the payments space during a busy first half for the industry.
The European Commission isn't expected to make their decision official, or public, until July 5. Fidelity National announced the bid in March. Global digital payments are expected to top $3 trillion after topping out at about $137 billion in 2017, according to research company The Business.
Fund puts more capital in financials and agricultural products Continue reading...
EU antitrust regulators will rule by July 5 whether to approve Fidelity National Information Services Inc's $35 billion bid for Worldpay , a filing on the European Commission website showed. The deal is ...
There have been some stunning developments in the stock market recently. Last Wednesday, the S&P 500 broke above 3,000 -- 3,002.98, to be exact -- an historic new high. And then Thursday, the Dow cracked 27,000, a record-breaking all-time high, too.Source: FlickrThat's fantastic!Remember, just a few months ago the financial talking heads were giving all kinds of reasons to scare investors out of the market. The U.S.-China trade war … the (briefly) inverted yield curve … an earnings recession … All of which triggered an increase in market volatility and had investors running to the sidelines. But now, that fear of jumping in has been replaced with the fear of missing out, or as the younger folks like to say, "FOMO."InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow, if you've been following me here or are subscribed to Growth Investor, then you know I've strongly encouraged folks to ignore the financial media and stay invested, even on the big market down days.Here are just a few examples …Back in early January, we saw some major market gyrations. Folks were nervous, but I knew that the foundation of the stock market remained quite healthy. You see, I saw that after the big selling a lot of buying pressure, or the "smart money," was emerging. Simply put, the smart money came to rescue the market. I encouraged my subscribers to buy the dip. As expected, the stock market proved to be very resilient. Both the S&P 500 and Dow ended the month up over 7%.We saw some more market oscillations in May when the U.S.-China trade wars and European Union (EU) elections triggered panic sell-offs. Again, I viewed the weakness as an incredible buying opportunity. I encouraged my subscribers to hold on and stay invested. By June, the market had rebounded strongly.In between the choppy market action, subscribers across all my services were still able to lock in stunning triple-digit gains in companies like NVIDIA (NASDAQ:NVDA) for a 274% return in January, a 115% profit in Worldpay (NYSE:WP) in March, a 150% gain in World Wrestling Entertainment, Inc. (NYSE:WWE) in May, a 122% return in Netflix, Inc. (NASDAQ:NFLX) in June and a hefty 211% return in IntriCon, Inc.(NASDAQ:IIN) in June, too.We did this by putting our emotions to the side and investing in companies with strong fundamentals, earnings and sales growth, rather than waiting for the market to turn around. The truth of the matter is it's nearly impossible to time the market bottom or top. So, you invest in the creme de la creme of stocks, as these companies will come out on top in the end. And that's exactly what we did.And now, here we are, with two major indexes sitting at record highs. When you tally up the numbers, this means that the S&P is up over 20% and the Dow is up over 15% since the opening bell rang in the New Year.The Rally Isn't Over YetHowever, I think this market rally is just getting started.There are two big positives that should continue to drive the broader market higher. July, overall, is historically a seasonally strong month -- and this year should be no different. Second-quarter results will start to be released around mid-month. And since the best quarterly results tend to be reported early in the season, we should see a nice boost to the stock market overall towards the end of July. So, the second half of July should benefit from wave-after-wave of positive earnings.A key interest rate cut by the Federal Reserve would also be a very good thing for the market. In last month's Federal Open Market Committee (FOMC) statement, the Fed removed the word "patient" and cited that slowing global growth is influencing the FOMC's interest rate decisions. I said last week that the Fed never fights market rates. So, as the Treasury yields collapse, the Fed has no choice but to slash key interest rates. This is an ideal environment for stock appreciation.Consider this: Due to falling Treasury yields, the average median forecasted price-to-earnings (P/E) ratio for the S&P 500 could expand from 15.5 to 20, or higher. So, when you couple falling interest rates with the fact that major central banks like the European Central Bank (ECB) and Federal Reserve will be cutting key interest rates, then it is very possible that the S&P could appreciate another 30% on the recent global interest rate collapse.Bottom line: There's a lot of potential upside in the current market environment. So if you haven't invested yet, then I strongly encourage you begin investing now so you don't miss out on the big gains ahead.If you're not sure where to get started, I recommend checking out Growth Investor. I recently recommended a new stock and released my fresh list of Top 5 Stocks, all of which are great places to park new money. You can sign up here.I also have three special reports for you, which are yours -- free of charge if you sign up now. They go in-depth on three of the hottest sectors set to explode: artificial intelligence (AI), cybersecurity and the 5G revolution. And I give you my number-one pick for each space, too. I don't want you to miss out on these profitable trends, so click here to get your free reports today.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs The post Don't Miss Out on the Next Big Stock Market Rally appeared first on InvestorPlace.
CINCINNATI, July 8, 2019 /PRNewswire/ -- Worldpay, Inc. (WP) and the University of Cincinnati are on a mission to help fill a widespread talent shortfall, while creating career opportunities for students and business solutions for the Symmes Township-based payments technology company. Worldpay is the latest industry partner to co-locate at UC's 1819 Innovation Hub, within the Uptown Innovation Corridor in Avondale. The company is expected to move into its fourth-floor space this fall, joining Kroger, Cincinnati Bell, P&G and Cincinnati Financial as charter partners.
LONDON, June 4, 2019 /PRNewswire/ -- With the PSD2 requirement for Strong Customer Authentication (SCA) going into effect on Sept. 14, 2019, Worldpay, Inc. (WP) will launch the Exemption Engine for Strong Customer Authentication (SCA) for merchants operating in the European Economic Area (EEA) to reduce friction from the online checkout experience. Worldpay's Exemption Engine for SCA, which requires little-to-no integration, is a first-of-its-kind solution that employs machine learning to apply the most applicable SCA exemption to an individual payment.