Current trend The shares of Visa Inc., the largest American multinational company providing payment transaction services, are correcting at the level of 239.00. The financial report for Q3 was considered positive by experts, as the company managed to increase both revenue and net profit: adjusted earnings per share amounted to 2.16 dollars compared to the forecast 2.11 dollars, and revenue — 8.1B dollars with preliminary estimates of 8.06B dollars. At the same time, the volume of cross-border payments in the reporting period was fixed at 22.0%. Against this background, analysts of the financial conglomerate Morgan Stanley raised the target price for the issuer's shares by 2.0 dollars to 292.0 dollars. According to analysts, the positive trend will continue due to an increase in internation

Current trend Shares of MasterCard Inc., one of the largest American multinational companies providing payment transaction services, are correcting at 393.00, steadily holding in an uptrend, despite some disappointment of investors with data from China. Major payment operators such as Visa Inc. and Mastercard Inc. continue to actively expand into the Chinese market, and the main bet this year was made on a significant increase in citizens' travel expenses after the lifting of quarantine restrictions. Nevertheless, statistics recorded an increase of only 50.0% from the levels of 2019. In turn, China's gross domestic product (GDP) added 0.8% in Q2, which is significantly lower than the 2.2% shown earlier. In this regard, the company reported revenue, which is slightly inferior to initial est

Current trend US stock markets continue to correct and this week their dynamics depends more on macroeconomic statistics than on financial data of companies. At the moment, the quotes of the S&P 500 index are correcting at 4479.0. July data on inflation in the USA will be published today, and analysts assume that the indicator will return to growth after more than a year of downward dynamics, reaching 3.3% from 3.0% earlier, which somewhat alarms investors after a fairly successful reporting period. Despite the rather negative outlook, the indicator of the Chicago Mercantile Exchange CME FedWatch Tool assumes that the interest rate will remain at the September meeting with a probability of 86.5%. Earlier, the financial report for Q3 was presented by the leader of the global entertainme

Current trend The leading index of US technology companies Nasdaq 100 shows corrective dynamics in the area of 15369.0 against the background of continuing expectations of investors about the retention of the US Fed interest rate at the current level at the September meeting. Since the rate is a key factor determining the profitability of issuers, the higher it is, the more expensive it is to borrow, due to which most of these companies can carry out their activities. At the moment, the probability that the monetary authorities will take a pause in the "hawkish" course and will not adjust the parameters of monetary policy is estimated by the Chicago Mercantile Exchange (CME) FedWatch Tool indicator at 85.5%. Thus, there will be no reduction in the debt burden, and the pressure on the Nasda

The automobile sector heads into the last four months of the year with a mix of reasons for investors to be bullish or bearish. Supply chain issues and chip shortages have improved from a year ago, but higher interest rates, persistent inflation pressure, and the increased focus on profitability with EV names has clipped sentiment. Bank of America estimated that August U.S. light vehicle sales will increase 16% year-over-year in August on a selling day adjusted basis, which would result in a SAAR of 15.4M vs. 15.7M in July. The firm said some of the softness in fleet sales that occurred in July likely continued into August, but thinks it was primarily due to seasonality. Looking ahead, analyst John Murphy and team think that despite the encouraging trends seen so far this year, the U.S. au

Shares of Pfizer Inc., the largest American pharmaceutical company, are correcting at 35.03. One of the main reasons for the unstable dynamics of quotations in recent years is the uncertainty with the timing of the launch of the company's largest plant in North Carolina, which was destroyed by a tornado at the end of July. Specialists will have to assess the prospects for the restoration of production and possible failures with the supply of products, since, according to statements by representatives of Pfizer Inc., a warehouse with drugs was destroyed as a result of a natural disaster. Management has already appealed to customers with a request to temporarily reorient to alternative medicines, the release of which is not yet possible. Earlier, the company published a financial report for

According to Sina Finance quoting sources familiar with the matter, Tesla is set to officially launch its new Model 3, codenamed "Project Highland," on Friday, September 1st. The company has reportedly mobilized its workforce in preparation for the arrival of the new Model 3.

Electricity power stocks lit up midday trading today. Hua Dian Power ($HUADIAN POWER 01071.HK$) charged up by 1.59%, while Huaneng Power ($HUANENG POWER 00902.HK$) saw an increase of 2.33%, and Da Tang Electric Power ($DATANG POWER 00991.HK$) surged close to 1%. Other Market Notables Include: Great Wall Motors ($GWMOTOR 02333.HK$) has made its debut in Mexico and has officially entered the Mexican market. Air China ($AIR CHINA 00753.HK$) reported a fire incident on flight CA403. Preliminary investigations suggest that the fire was due to mechanical failure in the engine. Guangzhou Automobile Group ($GAC GROUP 02238.HK$) reported sales of 49,500 new energy vehicles in August, marking a year-on-year increase of 62.68%. Software publishers company CMGE Technology Group ($CMGE 00302.HK$ .HK) h

The Dow Jones Industrial Average rose Thursday, the last day of the month, as Wall Street tried to stretch a late-August winning streak to five sessions. The Dow climbed 136 points, or 0.4%. The S&P 500 gained 0.2% along with the Nasdaq Composite. The Dow got a boost from $salesforce.com, inc. CRM$ . Shares advanced more than 5% after the software company announced fiscal second-quarter results and third-quarter guidance Wednesday that exceeded analysts’ expectations. Investors are coming off a positive session, with the S&P 500 ending Wednesday 0.4% higher. The Dow Jones Industrial Average added 37.57 points, or 0.11%. Meanwhile, the tech-heavy Nasdaq Composite gained 0.54%. It was the fourth winning day in a row for the three major averages. These gains helped the major indexes t