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Jan 13, 2022
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mastercard up.t's about 7 times the s&p gained but last year was a struggle the stock basically flat as the broader markets gained 20% the pandemic and the kompcompeto weighing on visa the stock on the comeback trail up 9% in the past month. joining us to talk about the company ahead of the competition is michael meback. thank you for joining us we'll get to that but first here's where mastercard ranked on the just 100 list 13th overall second in the industry group described as financial support services i can imagine you're pleased to see the results. >> right we are pleased to see the results. being recognized by just capital is a second year in a row. i think what is being recognized is the close connection between a pretty clear strategy, consistent performance on one hand and then catering to the topics that matter to our stakeholders, not just shareholders growth protecting the environment responsible use of technology and that is a technology company that's particularly important. the team is
mastercard up.t's about 7 times the s&p gained but last year was a struggle the stock basically flat as the broader markets gained 20% the pandemic and the kompcompeto weighing on visa the stock on the comeback trail up 9% in the past month. joining us to talk about the company ahead of the competition is michael meback. thank you for joining us we'll get to that but first here's where mastercard ranked on the just 100 list 13th overall second in the industry group described as financial...
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Jan 18, 2022
01/22
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for mastercard there.f the biggest payment networks, have been on somewhat of a deal spree lately mastercard teaming up with backed to enable banks and merchants to offer services. also partnered with gemny. visa has partnerships on a debit cart amex has been quieter. some are pointing out crypto currencies like bitcoin were first designed to get around the intermediaries but some of the banks and payment companies have embraced block chain and crypto. i talked to dan dola this morning. he said this is an example of mastercard really thinking outside the box in its approach to crypto. over the long-term, he said block chain technologies could be a threat to some of these network ecosystems and a challenge to that trusted third party concept. >> it is beyond ironic and kudos to the incumbents for muscling their way in there thank you for you. that does it for the exchange. thanks for your time, but stay right there. "power lunch" begins right now >>> all right, everybody welcome to "power lunch. it's not on
for mastercard there.f the biggest payment networks, have been on somewhat of a deal spree lately mastercard teaming up with backed to enable banks and merchants to offer services. also partnered with gemny. visa has partnerships on a debit cart amex has been quieter. some are pointing out crypto currencies like bitcoin were first designed to get around the intermediaries but some of the banks and payment companies have embraced block chain and crypto. i talked to dan dola this morning. he said...
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Jan 12, 2022
01/22
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a lot of visa and mastercard the focused on cross-currency, cross-border, which is important, but peoplere swiping more and more and more and more when the u.s. economy has jobs and is growing these companies are going to be benefitting from it i think attention will be refocused on that plenty more this year. >> i now use my phone -- i am probably the last human being alive who found out you can use your phone to pay for things but it is running threw some payment plan, amex, visa or mast mastercard i don't use cash frankly much at all. jeremy, thanks. >>> silvergate is one of those banks that issues crypto backed loans. the stock doubled over the past year we will talk to an analyst who says now, now, now is the time to buy. >>> plus props at the ports and shipping rates, why offprice retailers could be the biggest beneficiaries of that. >>> look at the mors ve it's a thirteen-hour flight, that's not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah, actually i'm taking one
a lot of visa and mastercard the focused on cross-currency, cross-border, which is important, but peoplere swiping more and more and more and more when the u.s. economy has jobs and is growing these companies are going to be benefitting from it i think attention will be refocused on that plenty more this year. >> i now use my phone -- i am probably the last human being alive who found out you can use your phone to pay for things but it is running threw some payment plan, amex, visa or...
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Jan 16, 2022
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if you want to scale a business you would use mastercard or visa to grow your company.ticipation, 25% earnings growth the next three years, great place to invest. with inflation you benefit from that higher ticket, higher merchandise. it is a value play trading at 17, 18 times earnings. they are involved a lot of behind the scenes payment rails and credit card issuance. very essential and we think they can grow earnings at its and% rate, 17 times earnings is a complete bargain. they can grow earnings 10% for a long time. jack: i've got to hear about deare before we go. do you still like it? what is so exciting in the world of combine harvesters making the stock run like this? todd: third year in a row we like it. precision agriculture, connecting combineds and tractors to the internet, the spectrum using less water, less pesticides, fertilizers, driving tractors this year. till the soil. you have a commodity act, recovery cycle, pushing margins higher. for 5 things to life, innovation, cash flow, valuation and a fantastic place to invest in the long-term. jack: i want t
if you want to scale a business you would use mastercard or visa to grow your company.ticipation, 25% earnings growth the next three years, great place to invest. with inflation you benefit from that higher ticket, higher merchandise. it is a value play trading at 17, 18 times earnings. they are involved a lot of behind the scenes payment rails and credit card issuance. very essential and we think they can grow earnings at its and% rate, 17 times earnings is a complete bargain. they can grow...
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Jan 19, 2022
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>> we love mastercard. it looks great in our system.at about 18% per year over the last five years and next year forecasts for like 26% growth followedly a year of 23% growth. they're rapidly growing and yet they're on sale. we find the stock to be priced 40% below our estimate of fair value. liz: okay. how do you foresee mastercard capitalizing and benefiting beyond sort of the toll road of its genetics as credit card company from this instacart deal? what is it about this partnership that will enable investors to see a positive movement in the stock? >> they're very well-managed. quite simply they're very good at making money. whatever the opportunity is, they seize it, they manage it efficiently. they're really is toed to grow in the next few years. liz: you like some other names here. etam systems. lpl financial holdings. what is the thinking behind this? epam systems down 24% year-to-date and the year is pretty young. what is going on there? why do you still like it? >> again they're growing rapidly, very well-managed. we like cycl
>> we love mastercard. it looks great in our system.at about 18% per year over the last five years and next year forecasts for like 26% growth followedly a year of 23% growth. they're rapidly growing and yet they're on sale. we find the stock to be priced 40% below our estimate of fair value. liz: okay. how do you foresee mastercard capitalizing and benefiting beyond sort of the toll road of its genetics as credit card company from this instacart deal? what is it about this partnership...
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Jan 6, 2022
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to lisa i am a skeptic on these, visa and mastercard specifically.re disappointing last year why are they getting their mojo back >> because, believe it or not, they are still waiting for their benefits from the recovery from the pandemic they are very tied to travel-related spending, all three networks are travel and entertainment-related spending as we have kind of come through this last variant where you have seen the latest wave, omicron, but not triggering necessarily a huge amount of shift in border closures, et cetera, there is a lot of increased investor optimism that travel, entertainment, and other luxury goods -- likely sewer spend willing come back in force in 2022 that's what we are really raitt waiting for with those names as reminder, prior to the pandemic, about a quarter of voesa, mastercard, and american express's revenues were linked directly to travel and entertainment spending that is still down over 40% or so from what it was in 2019. >> wow. >> a big piece of these businesses still to come back. >> a big catalyst. basically it
to lisa i am a skeptic on these, visa and mastercard specifically.re disappointing last year why are they getting their mojo back >> because, believe it or not, they are still waiting for their benefits from the recovery from the pandemic they are very tied to travel-related spending, all three networks are travel and entertainment-related spending as we have kind of come through this last variant where you have seen the latest wave, omicron, but not triggering necessarily a huge amount...
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Jan 5, 2022
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you can go to two of the bread and butter, mastercard and visa.ar i think we're going to have a lot 06 exciting things to talk about because innovation has got way in front of regulation there's a lot of talk that block chain, bitcoin are going to disrupt the payment space. our view is that over time, the playing field will be level and we think companies like mastercard and visa will continue to be right in the middle of payments whether you're using a stable coin or dollars or handing a dollar to somebody, woo think they're likely to be superior growers. and they had tax pressure. we're continuing to be bullish on those names >> what about the newer intrnts competing with them? >> i think dynamic that was drievling them the end of last year was disruption and putting visa and mastercard out of business i think the narrative is that the industry's are going to be more like jointed ventures and some of the thintech companies are here to stay but don't think they're going to be here and other payment companies are going to disappear i think compani
you can go to two of the bread and butter, mastercard and visa.ar i think we're going to have a lot 06 exciting things to talk about because innovation has got way in front of regulation there's a lot of talk that block chain, bitcoin are going to disrupt the payment space. our view is that over time, the playing field will be level and we think companies like mastercard and visa will continue to be right in the middle of payments whether you're using a stable coin or dollars or handing a...
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Jan 2, 2022
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we have a question on the payment stocks visa and mastercard are up from december 1st lows.there more upside tony, what do you tell beau? >> unfortunately, i think both of these charts look fairly challenged i think there's limited upside unless visa gets above 220 and mastercard above 370 i think the relative performance on these stocks relative to their sector is extremely poor and that's why i think there's further down side. >> all right quick final call carter >> semis and bulls >> tony? >> call calendar on xle. >> mike khouw? >> call spreads on smh to play that bullish semi play >> we'll see you in the new year next friday. meantime, your money 2022 starts right now. yoefrl - [voiceover] the following is a paid commercial program, paid for by ancient nutrition. these statements have not been evaluated by the food and drug administration. this product is not intended to diagnose, treat, cure, or prevent any disease. this content is for informational and educational purposes only. it is not intended to provide medical advice or take the place of medical advice, or treatm
we have a question on the payment stocks visa and mastercard are up from december 1st lows.there more upside tony, what do you tell beau? >> unfortunately, i think both of these charts look fairly challenged i think there's limited upside unless visa gets above 220 and mastercard above 370 i think the relative performance on these stocks relative to their sector is extremely poor and that's why i think there's further down side. >> all right quick final call carter >> semis...
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Jan 1, 2022
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we have a question on the payment stocks visa and mastercard are up from december 1st lows.there more upside tony, what do you tell beau? >> unfortunately, i think both of these charts look fairly challenged i think there's limited upside unless visa gets above 220 and mastercard above 370 i think the relative performance on these stocks relative to their sector is extremely poor and that's why i think there's further down side. >> all right quick final call carter >> semis and bulls >> tony. >> call calendar on xle. >> mike. >> call spreads on smh to play that bullish semi play >> we'll see you in the new year next friday. meantime, your money 2022 starts right now. do you make frequent trips to the bathroom... suffer from urgency... hesitancy? do you get up more than once a night? can you even sit through a movie? or, worse, have a diminished sex drive? if so, chances are you have an enlarged prostate. fact -- 30 million men now suer from an enlarge prostate. fact -- every other man now
we have a question on the payment stocks visa and mastercard are up from december 1st lows.there more upside tony, what do you tell beau? >> unfortunately, i think both of these charts look fairly challenged i think there's limited upside unless visa gets above 220 and mastercard above 370 i think the relative performance on these stocks relative to their sector is extremely poor and that's why i think there's further down side. >> all right quick final call carter >> semis...
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Jan 4, 2022
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let's go to mastercard it trades to a multiple around 20 times next 12 months and that's five or six turns cheaper to where it was pre-covid. the tick or square, block, whatever we're calling it is still not something that makes sense. the fact that you're going to see a lot more activity in crypto and block chain i don't think anyone really questions at this point whether that will intermediate and essentially box out mastercard, i would highly, highly doubt in facts, i think mastercard and vi visa will be there for the long term for things done in crypto it's a case where people are evaluating whether these new economy stocks are really worth paying the multiple for it >> it's a combination that rates are putting in the work that they're supposed to do and remember where we were going into covid and roughly where rates should normalize that and it's a case where there's a little bit of bulk going on. do i think valuations matter significantly, but i also think you can't be an old economy stock without being around and having evolved into the new economy. so whether you're a financi
let's go to mastercard it trades to a multiple around 20 times next 12 months and that's five or six turns cheaper to where it was pre-covid. the tick or square, block, whatever we're calling it is still not something that makes sense. the fact that you're going to see a lot more activity in crypto and block chain i don't think anyone really questions at this point whether that will intermediate and essentially box out mastercard, i would highly, highly doubt in facts, i think mastercard and vi...
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Jan 6, 2022
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thinking fis will buy assets, paypal, visa, mastercard will all be on the hunt >> interesting somethinginutes ago, you said it's been rare to see fintech underperform repeatedly 2010 and 2016 being exceptions. >> yeah. >> hasn't everything sort of outperformed over the past 12 years. how do you determine what the baseline is for what might happen in the future >> well, first of all, i'm looking at our space relative to the s&p, the market. i'm talking about literally every year other than 2010 and '16 that the median performance of the fintech stocks outperformed the s&p performance. so it's really not just that they went up, it's they went up a lot more than the market i'll take a step forward actually when we think about going forward, we polled investors over the last week about 22 and beyond. 51% of investors that we polled expect fintech to outperform the market by up to 10% this year. and 22% expect them to outperform by more than 10% given we're coming off the year we just had. but for what it's worth, we need a barbell approach, some of the growth stocks that are the best names
thinking fis will buy assets, paypal, visa, mastercard will all be on the hunt >> interesting somethinginutes ago, you said it's been rare to see fintech underperform repeatedly 2010 and 2016 being exceptions. >> yeah. >> hasn't everything sort of outperformed over the past 12 years. how do you determine what the baseline is for what might happen in the future >> well, first of all, i'm looking at our space relative to the s&p, the market. i'm talking about literally...
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Jan 24, 2022
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some of his top particulars are paypal, visa, mastercard and affirm james, welcome who's suffering the most unjustly here in the payment space, would you say >> well, that's a big question look, i think that probably the most controversy is around affirm right now consumer credit business you're seeing not only a normalization of credit behavior but a rise in interest rates that's putting a lot of pressure there. we still have a lot of confidence that numbers can go up this year but we have to recognize there is a changing environment near term. but in the long run there's still a lot of opportunity for them to grow their customer base and deliver financial services but all the payments companies across the board, whether we're overweight or equal weight or not are really getting hit and have been for the last six to eight months. >> james, you sayyou're waitin for m & a. what do you think has changed or hasn't changed in the last year? concernly some of the valuations of the high fliers have come down but i remember when visa was trying to buy plaid and they came under regulatory scru
some of his top particulars are paypal, visa, mastercard and affirm james, welcome who's suffering the most unjustly here in the payment space, would you say >> well, that's a big question look, i think that probably the most controversy is around affirm right now consumer credit business you're seeing not only a normalization of credit behavior but a rise in interest rates that's putting a lot of pressure there. we still have a lot of confidence that numbers can go up this year but we...
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Jan 14, 2022
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obviously people lump visa and mastercard into that legacy.is getting more of a fin tech thing which was great a few months ago but now the finteches have been beaten up. i don't think visa an mastercard deserve the same multiple as a paypal i think the two, the chasm has closed i think it will continue to close. >> down 26% in the last year and taking a leg lower even under visa let's take a tweet question. what is the best etf to buy in these volatile times mike we'll give that one to you >> sure. well, actually i'm going to talk about general exposure and say that to have exposure to the s&p 500 is never a bad idea if you're thinking long term. i don't want to play favorites there's a couple of different ways to do that. the best known is spy. ivv and voo are s&p 500 tracking etfs i think those would be equally good candidates, maybe better because their fees are slightly lower. >> boring. steve, any good etf ideas? >> i'm going to give you probably one that's just as boring it's the staple. >> it's even more boring sdplp what do you do in
obviously people lump visa and mastercard into that legacy.is getting more of a fin tech thing which was great a few months ago but now the finteches have been beaten up. i don't think visa an mastercard deserve the same multiple as a paypal i think the two, the chasm has closed i think it will continue to close. >> down 26% in the last year and taking a leg lower even under visa let's take a tweet question. what is the best etf to buy in these volatile times mike we'll give that one to...
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Jan 20, 2022
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as for mastercard and visa, legacy, guys, projects increased earnings but warning new covid variantsld derail the expectations also calling both of those stocks great inflation hedges as their revenue rises with higher prices carl >> meanwhile, guys as everybody knows, netflix earnings tonight. our julia boorstin explains why, hi, julia. >> well, carl, the future lies overseas subscriber growth is key coming from overseas. now, the company did forecast an overall rebound in total subscriber growth over quarter projecting 8.5 million new subscribers. analysts are less optimistic with fewer, 8.2 million but they did forecast the vast majority would be from international markets. and leverage investing on the squid game growth. it announced will release 25 korean originals this year bank of america with a buy rating on the stock saying with the massive content slate and continued growth in asia we see opportunity for subscriber upside saying its global content investment strengthens its value proposition. we'll also hear a focus on that content investment, weld estimating $19 billion on
as for mastercard and visa, legacy, guys, projects increased earnings but warning new covid variantsld derail the expectations also calling both of those stocks great inflation hedges as their revenue rises with higher prices carl >> meanwhile, guys as everybody knows, netflix earnings tonight. our julia boorstin explains why, hi, julia. >> well, carl, the future lies overseas subscriber growth is key coming from overseas. now, the company did forecast an overall rebound in total...
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Jan 18, 2022
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and quite base partnering with mastercard to enable purchases of in fts the crypto exchange plans tollow customers using mastercard cards there is quite base it's down almost 3% master card dad wanted a half percent but we have a broader market selloff let's take a look at the crypto currency as you can see bitcoin 41000 and change a lot of pressure over the last few sessions at theory m is slightly down same story and like went down 4%. the supply chain is going away at the wild wild west report of cargo train robberies with thieves targeting boxcars of packages as they originate out of the key ports of los angeles and long beach union pacific saying a 160% increase in train theft in l.a. county kelli o'grady joins us now with how these companies are supposed to handle this, good afternoon. >> an afternoon i am actually at the scene of a train robbery last week unions specific to experience i want to show you what it look likes we have packages littering the train tracks this is cleaned up 30 days ago, this is all new i want to know there is a school down the street which is disconc
and quite base partnering with mastercard to enable purchases of in fts the crypto exchange plans tollow customers using mastercard cards there is quite base it's down almost 3% master card dad wanted a half percent but we have a broader market selloff let's take a look at the crypto currency as you can see bitcoin 41000 and change a lot of pressure over the last few sessions at theory m is slightly down same story and like went down 4%. the supply chain is going away at the wild wild west...
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Jan 27, 2022
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you've got mastercard, for example. >> yeah.he credit card companies, but i'll tell you, so right now kbw probably has a greater percentage of banks with a buy rating on it than ever -- than i can ever remember. liz: really? >> if i were to prioritize, i'd tell you the bank to watch on the close today is western alliance. this company has beat expectations 17 of 19 quarters in a row, trades at 9 times earnings, and it's had one of the better growth paths of any bank in terms of growth on the balance sheet and earnings and profitability. it's more of a traditional a lender. -- traditional lender. i would focus more there on the credit card companies. doesn't mean we're negative on the credit card companies, but it's more of a traditional spread lender. a company like that or cay cadence -- cadence bank corp. out of mississippi, these are double-digit growers. stocks have come off a bunch with the banks in the market. the more traditional commercial banks. and we would say in the wheel, that's a good place to be. with regards to v
you've got mastercard, for example. >> yeah.he credit card companies, but i'll tell you, so right now kbw probably has a greater percentage of banks with a buy rating on it than ever -- than i can ever remember. liz: really? >> if i were to prioritize, i'd tell you the bank to watch on the close today is western alliance. this company has beat expectations 17 of 19 quarters in a row, trades at 9 times earnings, and it's had one of the better growth paths of any bank in terms of...
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Jan 5, 2022
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this is horrendous stock for the last year along with mastercard.'s often the prelude for this stock for a big move it tends to have that. it's like biblical, like a jubilee year, lean year kind of thing. that sounds optimistic the recent pullback has to do with smaller companies that we think are trying to take share in the payment space they are so big and powerful these competitors are like gnats to them. if you want to buy one, mastercard has the better growth visa rarely stays down long. if borders open, post-covid. terrific flm eight is walmart it's a damned if you do, damned if you don't situation whether it looks good, it's broken hearts. whether it looks bad, you have to pull the trigger. the problem is you don't want a stock that looks bad and then very -- very good, very good, very bad and that's what walmart is if they can't get more users of their plus offering where it looks like they will put the stuff in the fridge for you noup and the stock goes higher as it did today, i might sell. not buy. because there are plenty of more consiste
this is horrendous stock for the last year along with mastercard.'s often the prelude for this stock for a big move it tends to have that. it's like biblical, like a jubilee year, lean year kind of thing. that sounds optimistic the recent pullback has to do with smaller companies that we think are trying to take share in the payment space they are so big and powerful these competitors are like gnats to them. if you want to buy one, mastercard has the better growth visa rarely stays down long....
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Jan 4, 2022
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a settlement happens two to three days later for mastercard. you are not going to have -- visa and mastercard can do millions of transactions per second. you cannot do that on bitcoin. bitcoin does not scale to be that kind of payment system. it is more akin to a settlement base layer. so can we build a system on top that is superfast, lightning fast one might say, that can settled to the bitcoin block chain. essentially the way it works, we can -- if cara and i transact frequently, we can basically open a channel between each other where we each have a balance, and when we open that train oh, that transaction is written to the bitcoin block chain, but once we have the open channel, we can transact back and forth. as much as we want. none of that costs anything. action does cost fractions of a penny, and only once we are done or once carrot disappears or -- kara disappears or i disappear, do we settle to the bitcoin watching in our respective alleys. it is using bitcoin as a settlement layer. jim: this lightning will be be more lightningish. wh
a settlement happens two to three days later for mastercard. you are not going to have -- visa and mastercard can do millions of transactions per second. you cannot do that on bitcoin. bitcoin does not scale to be that kind of payment system. it is more akin to a settlement base layer. so can we build a system on top that is superfast, lightning fast one might say, that can settled to the bitcoin block chain. essentially the way it works, we can -- if cara and i transact frequently, we can...
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Jan 20, 2022
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. >> right that is a great question now we own mastercard and for the charitable trust and jeff marksand better and faster than visa. visa is a good company but if you want commerce and cross border commerce, the best way to do it is with mastercard. they are masterful it will do really well when omicron recedes. susan in california? >> caller: hey, jim, long time listenering. just wanted to talk about upstart which is something that you were recommending quite highly a few months back. >> right. >> caller: multiple times and then it suddenly went like a number stock, shot to hell what is your out look for the stock? >> well as i said, in our november conference call, where i said specifically and thank you for the call, i said that we are done with the high fliers, now we want to own companies that make a lot of money and do great things with tangible products now upstart is a profitable company. but it sells at a very high price churning multiple, more than 100 i think it will be fine but it is not what is going to work right now. we're looking for the companies that make things, pr
. >> right that is a great question now we own mastercard and for the charitable trust and jeff marksand better and faster than visa. visa is a good company but if you want commerce and cross border commerce, the best way to do it is with mastercard. they are masterful it will do really well when omicron recedes. susan in california? >> caller: hey, jim, long time listenering. just wanted to talk about upstart which is something that you were recommending quite highly a few months...
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Jan 4, 2022
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mastercard is up about 4%.d remind you, as well we're super excited that jim's going to join us tomorrow for our stock summit day three so you get some picks and he'll talk about other picks for the committee, as well and we can't wait to see jim tomorrow i mentioned day two of our stock summit and highlighting our top picks from our committee and it is josh brown's turn today and he has, as a new buy, get your pens and paper ready, a new buy a.o. smith corp aos. tell us about this, josh, why it is part of your stock summit >> everyone calm down. it's not that exciting of a stock. it's water heaters and boilers, but if you go down to your basement rate now and look at the label on the boiler or your water heater it's a one and two shot that it was made by aosmith and one of its subsidiaries. it's a 158-year-old company that dates back to the civil war and longer than i've been alive and it's a company that owns it's space and the reason why this space is interesting to me is we are underhoused in this country.
mastercard is up about 4%.d remind you, as well we're super excited that jim's going to join us tomorrow for our stock summit day three so you get some picks and he'll talk about other picks for the committee, as well and we can't wait to see jim tomorrow i mentioned day two of our stock summit and highlighting our top picks from our committee and it is josh brown's turn today and he has, as a new buy, get your pens and paper ready, a new buy a.o. smith corp aos. tell us about this, josh, why...
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charles: last week shamad said that visa, mastercard would be big time losers, short the heck out of aggressive? i looked at one of your more recent podcasts you talked about the alt coin. is that possible, they could derail these two giants this year alone? >> this year, i still feel like crypto is very early in general so these are, visas mastercard they have a lot of time to incorporate crypto into their platforms. people like what is familiar. people like the fact you can tap and pay with crypto on your debit card but i do see web 3 taking a big chunk of their market cap this year. charles: i want to shift gears if you don't mind because you are a teen. this has been a tough period for teenagers the last couple years. right now chicago in fact a lot of kids, kids are not in school because the unions don't want to go to work. you know, how do you feel with respect to the older generation out there? i always feel like one of the reasons gen-z is attracted to cryptocurrency crip you don't trust the system, not just the financial system but a lot of the systems you will inherit? >> i
charles: last week shamad said that visa, mastercard would be big time losers, short the heck out of aggressive? i looked at one of your more recent podcasts you talked about the alt coin. is that possible, they could derail these two giants this year alone? >> this year, i still feel like crypto is very early in general so these are, visas mastercard they have a lot of time to incorporate crypto into their platforms. people like what is familiar. people like the fact you can tap and pay...
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Jan 23, 2022
01/22
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yeah, but not because i couldn't pay the mastercard, or i couldn't pay my groceries or i couldn't dohich allowed you to... to protect your assets while you're trying to... yeah, yeah. and it wasn't because... you get all these stories of all these, you know, rock stars who spent all their money and did all this. well, i never had any money... 0r, frankly, many of them snort it away or drink it away. yeah, well, i don't... i hate... i don't like alcohol. i don't... i throw up at the smell of champagne. right. the only thing that i ever touch is tequila. and i don't really... i don't sit home and drink tequila. i never drink tequila at home. i don't drink anything at home. i don't even drink soda pop. no. i mean, i suppose what's interesting — because, you know, your partnership with steinman is one of the great sort of creative partnerships in music. it didn't work for a while, and then you came back, i think in �*93, to make bat out of hell, the follow up. which we started in �*87. that's right. and that sold really well, did fantastic. then you tried to do bat out of hell iii withou
yeah, but not because i couldn't pay the mastercard, or i couldn't pay my groceries or i couldn't dohich allowed you to... to protect your assets while you're trying to... yeah, yeah. and it wasn't because... you get all these stories of all these, you know, rock stars who spent all their money and did all this. well, i never had any money... 0r, frankly, many of them snort it away or drink it away. yeah, well, i don't... i hate... i don't like alcohol. i don't... i throw up at the smell of...
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and then if with, with bitco and network in seconds, no charge backs like would be the mastercard. wow. what we've been saying about big going for years is happening because speculated what country would be 1st to adopt a legal standard, l 5, it was nobody's bingo car. yeah. but with the jelly in charge, you know, he really saw the potential of this all talk about mexico per 2nd. you know, i remember talking to ricardo salinas about the coin 7 or 8 years ago. he was a skeptic at that time. i finally got him, aren't pilled him over, took a few years, but now his company electron is going to be accepting bitcoin. there are some, something like the wal mart will of mexico. how big is that? he's one of the biggest retail stores, not only in mexico, but i know that in america, and he's no accepting payments with big going to started recently. but also something interesting that he's doing is giving some attractive discounts. if you pay with people have asked him if they're, if he's going to keep some be going in the balance sheet, he said yes, which will also be interesting because he p
and then if with, with bitco and network in seconds, no charge backs like would be the mastercard. wow. what we've been saying about big going for years is happening because speculated what country would be 1st to adopt a legal standard, l 5, it was nobody's bingo car. yeah. but with the jelly in charge, you know, he really saw the potential of this all talk about mexico per 2nd. you know, i remember talking to ricardo salinas about the coin 7 or 8 years ago. he was a skeptic at that time. i...
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Jan 27, 2022
01/22
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mastercard was spending a lot of money too.ey did say cross-border travel is going to return to pre-pandemic levels by the end of this year. so i think investors are looking at this stock and saying, well, it's a little bit of both. and mow shares have turned lowed lower. stuart: let's take a look at marijuana, not the stocks so much, but amazon, they just endorsed a republican bill which would legalize marijuana on the federal level. lauren: yeah. stuart: why are they doing this? lauren: because it's easier for them to hire workers. stuart: that's it. lauren: the will is by a freshman -- the bill is by a freshman congress congresswoman. congress obama mace worked for trump's 2016 campaign, to okay? her bill would legalize marijuana at the federal level, tax it at 3% and use that money to fund law enforcement and veterans' health programs. so if you get the government out of the way, you let the states determine how to sand -- handle marijuana if, right? and because of the labor shortage, this is good for amazon. they can -- le
mastercard was spending a lot of money too.ey did say cross-border travel is going to return to pre-pandemic levels by the end of this year. so i think investors are looking at this stock and saying, well, it's a little bit of both. and mow shares have turned lowed lower. stuart: let's take a look at marijuana, not the stocks so much, but amazon, they just endorsed a republican bill which would legalize marijuana on the federal level. lauren: yeah. stuart: why are they doing this? lauren:...
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Jan 27, 2022
01/22
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. >>> mastercard rebounding from early losses also gave mixed guidance for the current quarter and said payment volumes have slowed. back to you. >> thank you very much, rahel. apple reports after the bell our next guest reiterating his buy rating, driving by a.r. and vr, projects $121 billion, eps of $1.90 welcome back good to see you again. good to see you, carl. thanks for having me. >> you've gotten incrementally more positive on the names what is it going to take to impress you tonight? >> yes we had the stock for several quarters, but we pulled the trigger on it and upgraded the stock in december, because we felt all the worries surrounding this particular iphone cycle were baked in. people are looking at positions from a cash flow perspective, stability and cash flows, versus a light footprint, having the balance sheet, awful things that are super important that the fed is tightening. so we this is this is separate period of outperformance, given a great pipeline that the company has, at the same time that it fits very well, it has all the macro issues specific to the quarter, ca
. >>> mastercard rebounding from early losses also gave mixed guidance for the current quarter and said payment volumes have slowed. back to you. >> thank you very much, rahel. apple reports after the bell our next guest reiterating his buy rating, driving by a.r. and vr, projects $121 billion, eps of $1.90 welcome back good to see you again. good to see you, carl. thanks for having me. >> you've gotten incrementally more positive on the names what is it going to take to...
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Jan 14, 2022
01/22
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with mastercard, shortly after christmas, the day after christmas, it indicated that the christmas spendretty decent. that is why think a lot of people were surprised by this. you been to macy's. trading lower of the back of this number. >> i guess we all fall back on our experience right now. my experience in the island of manhattan is that no one is on the streets. that is not america. were pushing against that. bloomberg surveillance at 9:00. i'm sorry, but it is a mixed story. you are right. >> we need way more data. things are worse than this. we have to change the path of inflation. they are a to go. they need a whole lot more data. >> how much of this has played to the story of omicron disruption. it is leading the fed to move faster. some of these interruptions lead to higher prices that prove that is not with the federal reserve wants to see. in order to keep the economy on track, the story is just nuance. people are rejigger which purchases they are going to make based on what seems the most likely. there are so many granular aspects >> just in terms of the night direction and
with mastercard, shortly after christmas, the day after christmas, it indicated that the christmas spendretty decent. that is why think a lot of people were surprised by this. you been to macy's. trading lower of the back of this number. >> i guess we all fall back on our experience right now. my experience in the island of manhattan is that no one is on the streets. that is not america. were pushing against that. bloomberg surveillance at 9:00. i'm sorry, but it is a mixed story. you are...
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Jan 31, 2022
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issues and 600% growth in the number of transactions people are actually spending where visa and mastercardpto wallets, people are using this as everyday spend we are seeing a lot of growth regardless of the volatility in the underlying assets. >> jim, when you do see something like bitcoin having over the last couple of months, does that have any kind of impact do you think, maybe even pressure on people to go out and spend those assets even more quickly? >> yeah, we looked at that actually, so far we can't find a correlation. if you look at other periods, just of january of 2022, we have seen over the last week a tailing off in spend but we were seeing as high as $60 million a day in average spend on those wallets, on those cards associated with those wallets. so at least to date the numbers continue to grow people are spending those assets whether it's high or low we haven't seen a correlation yet. >> is defy something that is something more mainstream? if so, what does that look like given the fact that you do sort of sit on the front lines around this type of infrastructure? >> i think
issues and 600% growth in the number of transactions people are actually spending where visa and mastercardpto wallets, people are using this as everyday spend we are seeing a lot of growth regardless of the volatility in the underlying assets. >> jim, when you do see something like bitcoin having over the last couple of months, does that have any kind of impact do you think, maybe even pressure on people to go out and spend those assets even more quickly? >> yeah, we looked at that...
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Jan 27, 2022
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. >> kate, thanks, kate rooney we also got a picture from mastercard and also emphasized in their callas the cross bored uptick year on year. guy, what's the picture we're getting from these transaction processors >> you throw american express in, obviously not the same type of company but you get it sand it paints a big picture of what i say all the time, never under estimate, consumer want to spend, they'll do it and finally tran actions in up 21% and down from the all-time high of last summer. 252 down to 200. you can do that math as can i. and it makes for a logical place to stop. you can make the case on valuation for the first time in a long time for visa close to 27 times the numbers i think you buy the stock. >> the valuations are richer than apples, karen, where would you rather be? >> i guess apple because i do own apple. it is a different type of business you had that hardware software question with apple but don't here, you just have this beat over and over millions of time it's great the bigger picture, american express, great, visa great, apple spend, great maybe our fear
. >> kate, thanks, kate rooney we also got a picture from mastercard and also emphasized in their callas the cross bored uptick year on year. guy, what's the picture we're getting from these transaction processors >> you throw american express in, obviously not the same type of company but you get it sand it paints a big picture of what i say all the time, never under estimate, consumer want to spend, they'll do it and finally tran actions in up 21% and down from the all-time high...
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Jan 5, 2022
01/22
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they prefer mastercard to visa due to its market leadership in continental europe meantime, it has beenart to the year for the traditional money-centered banks. the kbw bank index up 5% since monday, though it is down today. josh, any opportunities here, especially among the payments sector which lagged last year and looked like it was starting off this year strong >> well, i think if you're a trader, these stocks look horrible short term. i think if you're an investor, some of them have come down so much that they're worth taking a look the name in this group that i'm long is paypal, and i continue to think that the venmo franchise is going to be one of the dominant ways in which people not only pay for things amongst each other but now start to pay vendors and even start to express trades in things like crypto the venmo platform, i think, is going to make paypal a super app. i think in fintech you have to be a super app i am much more bullish on this than a lot of the other names that have come down that are one-trick ponies, robinhood comes to mind. so this is the type of name -- and
they prefer mastercard to visa due to its market leadership in continental europe meantime, it has beenart to the year for the traditional money-centered banks. the kbw bank index up 5% since monday, though it is down today. josh, any opportunities here, especially among the payments sector which lagged last year and looked like it was starting off this year strong >> well, i think if you're a trader, these stocks look horrible short term. i think if you're an investor, some of them have...
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Jan 13, 2022
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legacy names also outperforming in the payment stays look at mastercard and visa versus paypal, blocke and affirm, green and red rest of the names mentioned. aferrelfirm down 5%. >>> and quick programming next, "power lunch." >>> rahel solomon with a cnbc news updays. >>> happening this hour, prince andrew stripped of many honors the queen has taken back all military affiliations. prince andrew no longer referred to as his royal highness and in any official capacity. buckingham palace saying the prince will defend himself as a private citizen against a sexual abuse lawsuit. >>> and responding to calls from the republican national committee for candidates who avoid the traditional election debate the commission says it deals directly with candidates who qualify for debates and that its plans for 2024 base onds fairness and neutrality. >>> arizona senator kristen senma will now support voting legislation moving forward her opposition dooms the election reform push, unless republicans vote for it. >>> on the news tonight, white house minority leader kevin mccarthy says we will not be int
legacy names also outperforming in the payment stays look at mastercard and visa versus paypal, blocke and affirm, green and red rest of the names mentioned. aferrelfirm down 5%. >>> and quick programming next, "power lunch." >>> rahel solomon with a cnbc news updays. >>> happening this hour, prince andrew stripped of many honors the queen has taken back all military affiliations. prince andrew no longer referred to as his royal highness and in any official...
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Jan 28, 2022
01/22
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apple, for instance, even visa and mastercard is helping the payment space. and energy outperforms it's up 18%, adding about 5% this week. you can see it behind me real estate, utilities are the biggest laggards since monday and some of the most rate sensitive groups semi conductors are struggling with the smh falling into a bear market down 20% from the highs. the highs were in december you can see the declines behind me now it's trying to turn into positive territory for the day it's tracking for the worst month since 2008 down 17 % in january let's end on a higher note shares after affirm are down after a buy now pay later stock to a buy buy now i guess. the analyst says they see a compelling risk/reward despite today's 13 % to 14 % pop, this stock is still down more than 40% just in january. onpace for the worst month ever for more on the call go to cnbc.com/pro >>> and still ahead, three stocks to buy after the big declines we've seen this month and one stock our next guest is still staying away from. gina sanchez joining us with her threebuys and a bail
apple, for instance, even visa and mastercard is helping the payment space. and energy outperforms it's up 18%, adding about 5% this week. you can see it behind me real estate, utilities are the biggest laggards since monday and some of the most rate sensitive groups semi conductors are struggling with the smh falling into a bear market down 20% from the highs. the highs were in december you can see the declines behind me now it's trying to turn into positive territory for the day it's tracking...
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Jan 31, 2022
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but at same time a fin tech, one of the older ones but a fin tech mastercard reported a blockbuster quarter and even mentioned cross border business was picking up that is travel related business. it is a covid reopening with no supply chain or factories to get sick at. then on friday, robin hood, reported one of the worst of the year the stock ends up higher we didn't learn until later that night, that cathie wood, was creating a bottom herself with her investing. but the fact that she could even do that matters tremendous then chevron, the darling of the value bulls, missed numbers. how is that possible given the rise of oil? well it turns out there is a whole lot of moving parts to opening oil. it was a rude awakening that value in the oil patch is mighty hard to understand reed hasting we learned that bought $20 million of his own stock at an average price of $388 a nice discount from today as $427 price why would hastings does that doesn't he know that streamk services are stuck in the mud. i think the answer is simple insiders buy for one reason. they believe the stock is going higher
but at same time a fin tech, one of the older ones but a fin tech mastercard reported a blockbuster quarter and even mentioned cross border business was picking up that is travel related business. it is a covid reopening with no supply chain or factories to get sick at. then on friday, robin hood, reported one of the worst of the year the stock ends up higher we didn't learn until later that night, that cathie wood, was creating a bottom herself with her investing. but the fact that she could...
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Jan 28, 2022
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visa and mastercard up big after reporting earns.r and strong consumer spending overall, fintech is getting a boost today, alongside some of those growth stocks. robinhood bouncing back after disappointing earnings really erasing all of yesterday's 14% loss you have paypal and block in the green as well. back to you. >> kate, thanks so much. mike, i guess get agglimpse today with affirm of the scale of gains you can get when it's time to bounce back for some of these unprofitable companies that have tanked >> yes you're working off an incredibly depressed space. if you look at an affirm chart for the entire year, it was nothing but straight down for weeks and weeks before this. a $17 billion market cap, is that a lot or a little for the business it's absorbed a lot of the trauma from the peloton sales going down arg arguably, a fair amount of bad news what is interesting is visa, their ceo was on the call after their results talking about how everything that benefits these upcoming -- these up and coming fintech players really also i
visa and mastercard up big after reporting earns.r and strong consumer spending overall, fintech is getting a boost today, alongside some of those growth stocks. robinhood bouncing back after disappointing earnings really erasing all of yesterday's 14% loss you have paypal and block in the green as well. back to you. >> kate, thanks so much. mike, i guess get agglimpse today with affirm of the scale of gains you can get when it's time to bounce back for some of these unprofitable...
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Jan 24, 2022
01/22
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we this week for mental tesla, apple visa, mastercard, microsoft, another should go a long way explaininge of okay. inflation out there, daria. and there's there's somebody men out there right now. that's not a great time. why are you? you say i'm just like you got me a little work, as you say, inflation and you say correction. i know you put it nicely. >>and i get a little worried. you always tell me not to, you know, but i i do. i mean, and then the would be interest rates. and i just i'm worried. >>in the last 100 years we've seen war, one world war. 2, we've seen the anomalies in korea. we see not a sight see her we see high inflation. we've seen deflation seen oil 150. we've seen oil given away for free last year. we'll get through this, daria. and the best thing i can tell you is that a p 502 weeks ago was at an all-time high. we don't get that means anyone who's ever investing last 100 years. the s p 500 through all of that crop. i just i have done well night. they they they hit all-time highs. they created wealth. they've beaten real estate depreciation. over time i thought would
we this week for mental tesla, apple visa, mastercard, microsoft, another should go a long way explaininge of okay. inflation out there, daria. and there's there's somebody men out there right now. that's not a great time. why are you? you say i'm just like you got me a little work, as you say, inflation and you say correction. i know you put it nicely. >>and i get a little worried. you always tell me not to, you know, but i i do. i mean, and then the would be interest rates. and i just...
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Jan 27, 2022
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so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millionsing. meet rashida... black women business owners lift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless don't settle for products that give you a sort-of white smile. try crest whitening emulsions... ...for 100% whiter teeth. its highly active peroxide droplets... ...swipe on in seconds. better. faster. 100% whiter teeth. (vo) t-mobile for business wants to make thisrestwhitesmile.com. the best year for your business yet. when you switch and bring your own device, we'll pay off your phone up to $800. you can keep your phone. and keep your number. visit your local t-mobile store today. >>> the united states has officially responded to russia's demands as vladimir putin masses his troops near ukraine's border now the world waits to see how the russian president reacts today america's ambassador to russia personally hand delivered the written responses to moscow. here he is bringing them into the russian for
so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millionsing. meet rashida... black women business owners lift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless don't settle for products that give you a sort-of white smile. try crest whitening emulsions... ...for 100% whiter teeth. its highly active peroxide droplets... ...swipe on in seconds. better. faster. 100%...
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Jan 24, 2022
01/22
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KRON
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we this week for mental tesla, apple visa, mastercard, microsoft, another should go a long way explaininge of okay. great inflation's out there, daria. and there's there's somebody men out there right now. that's not a great time you you say i'm just like you got me a little work, as you say, inflation and you say correction. i know you put it nicely >> and i get a little worried. you always tell me not to, you know, but i i do. i mean, and then the woody interest rates and i just i'm worried. >> in the last 100 years we've seen war, one world war 2, we've seen vietnamese in korea. we see not see her you see high inflation. we've seen deflation seen oil 150. we've seen oil given away for free last year. we'll get through this, daria. and the best thing i can tell you is that a p 502 wgeks ago was at an all-time high. we don't get that means anyone who's ever investing last 100 years. the s p 500 through all of that crop and just less half i have done well night. they say they've hit all-time highs. they created wealth. the beach in real estate appreciation over time i thought would levera
we this week for mental tesla, apple visa, mastercard, microsoft, another should go a long way explaininge of okay. great inflation's out there, daria. and there's there's somebody men out there right now. that's not a great time you you say i'm just like you got me a little work, as you say, inflation and you say correction. i know you put it nicely >> and i get a little worried. you always tell me not to, you know, but i i do. i mean, and then the woody interest rates and i just i'm...
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i read something that this year all coin linked projects they will crush visa, mastercard. smashed. we're talking about behemoths. is it going to change that quickly? is the threat from alt coins, stable coins, from bitcoin, is it so pervasive right now it will knock some of these financial giants to their knees? >> it is happening, charles, that is 100% for sure. i'm not so sure it will happen in 2022. two main reasons for this. bitcoin aside, very much looking at web 3, defy, alt coins. we're still early. user experience is unfortunately very clunky. things can be expensive. etherium network has problems for scalability. we're waiting for the update which was supposed to come q2 this year, 2.0. it can be expensive and unusable. i don't see this flippenning happening in 2022. i still think we need to get there. at the end of the day people prefer convenience over the principles that lie underneath crypto like decentralization and -- charles: to your mind it will eventually happen? in your find eventually it will happen? >> yes. we just need to get there. charles: i talked
i read something that this year all coin linked projects they will crush visa, mastercard. smashed. we're talking about behemoths. is it going to change that quickly? is the threat from alt coins, stable coins, from bitcoin, is it so pervasive right now it will knock some of these financial giants to their knees? >> it is happening, charles, that is 100% for sure. i'm not so sure it will happen in 2022. two main reasons for this. bitcoin aside, very much looking at web 3, defy, alt coins....
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Jan 27, 2022
01/22
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southwest said people in january, february state home, but they're coming back out march mastercard said covid looks like it's peaking because we start to see more spending and more international travel has been booked. and today we get apple learning. so it it's not good news. it's not bad. it is. and sometimes i'd races is up in my opinion. so we're digesting last year's games, ok? all right. very good. >> and then would you think it's good or bad news for tesla? because i know we're talking about tesla today. there's so many good things going on with the electric cars and everything. but then they said no new models. and i just got to show you, you know, i'm sure james told you, james finally got a tesla. i mean, he's on top of the world and i'm still driving by 2010 acura. i pull in each morning and this is where i parked too close to as they get so like our as 203,000 miles on it. it's filling up with gas. he's driving in style and he has a deposit on that cybertruck which looks like it's not going to happen this year. how hot will it he would be so cool. drive the market in this. >
southwest said people in january, february state home, but they're coming back out march mastercard said covid looks like it's peaking because we start to see more spending and more international travel has been booked. and today we get apple learning. so it it's not good news. it's not bad. it is. and sometimes i'd races is up in my opinion. so we're digesting last year's games, ok? all right. very good. >> and then would you think it's good or bad news for tesla? because i know we're...
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Jan 20, 2022
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demand is going to push prices up and push the price of the stock higher >> next we've got visa, mastercardnamed top 2022 picks and morgan stanley. it's super relevant to us today. brenda, you own paypal and visa and paypal has been squirrely lately the return is down, six months down 40% >> paypal solved the correction for fundamental reasons. there was a disappointment, but it led to a reset of expectations where expectations got ahead of themselves here and this company is a leader within the payment processing industry in terms of innovation and also growth we think that's going to continue into this year. also i have some exciting developments with venmo being accepted now on amazon we don't expect a huge financial con from bugz, but it adds legit mass toe the venmo platform and we still think this is an interesting opportunity for a name that was once beloved and has been incredibly profitable and still has a lot of opportunity ahead of itself. >> jason snipe, you own paypal, as well. what do you make of the recent decline? this was a very much loved stock and it's been in the penalty
demand is going to push prices up and push the price of the stock higher >> next we've got visa, mastercardnamed top 2022 picks and morgan stanley. it's super relevant to us today. brenda, you own paypal and visa and paypal has been squirrely lately the return is down, six months down 40% >> paypal solved the correction for fundamental reasons. there was a disappointment, but it led to a reset of expectations where expectations got ahead of themselves here and this company is a...
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Jan 4, 2022
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among the top five, but it was really the other 45 names that dragged down returns such as uber and mastercardto go short. a group of vip shorts by dollar value was up 23% last year opposite of course of where investors who were betting against these names would want the basket to go the top names in this group include tesla, bank of america, and home depot all of which not just outperformed, but dramatically outperformed the market. we're expecting individual returns to be shared with limited partners investing hedge funds, but signs show some large dispersion in the numbers. >> it's been tough for years how does this add up to their abi ability to attract money and do they continue to make the case they might do bet erat in market downturns? >> that's the key question they're still charging lofty fees about 1.5% of aum and 20% of profits to the upside when they generate returns their pitch has been about the economy. and oftentimes, a lot of people -- generating alpha because that really hasn't been the case for a lot of these funds over the years >> i think there's probably still more fallo
among the top five, but it was really the other 45 names that dragged down returns such as uber and mastercardto go short. a group of vip shorts by dollar value was up 23% last year opposite of course of where investors who were betting against these names would want the basket to go the top names in this group include tesla, bank of america, and home depot all of which not just outperformed, but dramatically outperformed the market. we're expecting individual returns to be shared with limited...
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Jan 26, 2022
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so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millions black women business owners lift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless >>> michael avenatti, the celebrity lawyer who skyrocketed to fame representing stormy daniels when she sued the then-president donald trump. nawaf natty is on trial himself and today we learned he's defending himself in federal court. avenatti is accused of defrauding the adult film actress. prosecutors say he cheated stormy daniels out of 300 grand that she was supposed to get from her book deal he's accused of using it to paw for a ferrari, hotel stays, drycleaning and to make payroll at his law firm. the feds say avenatti lied to stormy daniels and told her the book publisher never even sent the money. the attorneys made opening statements today and today a judge granted his request to represent himself for the rest of this criminal trial >> it's happening in manhattan, avenatti pleaded not guilty to says he's complete
so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millions black women business owners lift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless >>> michael avenatti, the celebrity lawyer who skyrocketed to fame representing stormy daniels when she sued the then-president donald trump. nawaf natty is on trial himself and today we learned he's defending himself...
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Jan 21, 2022
01/22
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so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millionsift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless (vo) t-mobile for business wants to make this the best year for your business yet. when you switch and bring your own device, we'll pay off your phone up to $800. you can keep your phone. and keep your number. visit your local t-mobile store today. >>> student debt continues to rise, according to the latest report from the new york fed federal student loans hit a record $1.6 trillion in the third quarter of last year that's up 25% over the past five years. and up more than 80% over the past decade. now, some businesses taking steps that could help lessen the burden on their employees. here's cnbc's senior personal financial correspondent sharon epperson >> liana taylor graduated from rutgers university in 2019 with a masters degree in biomedical sciences and $59,000 in student loan debt >> my strategy was to attack the debt i wanted to be in the black
so mastercard is working alongside them, with ways to get more businesses online, and hundreds of millionsift the entire economy. when our businesses grow, we all grow! make a purchase that makes a difference... and start something priceless (vo) t-mobile for business wants to make this the best year for your business yet. when you switch and bring your own device, we'll pay off your phone up to $800. you can keep your phone. and keep your number. visit your local t-mobile store today....
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Jan 26, 2022
01/22
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mastercard, visa, discover so what do you think is the great area, and i would also point out that going into this every single sector of the s&p, the majors, was higher and then now everything is negative although i think information technology which involves software and eggnog everything else and hardware clinging to a slight gain. >> listen we like the cyclical value, looked to we know yields are higher a lot of bank stocks financials are actually in the green as we speak here so a lot of bank stocks too liz, they are literally where they were 14 years ago in 2008 so if you think about what's overvalued, we know tech and communications, right? we're more neutral at lpl research but financials and banks are areas we like, industrials and materials like you talked about a second ago as inflation comes in those still make sense and energy is such a small part of the s&p 500, i know it had a huge year last year, but crude being higher to me says there's still global demand this isn't some big recession we're about to go in. that's a positive side in the midst of a really really rough sta
mastercard, visa, discover so what do you think is the great area, and i would also point out that going into this every single sector of the s&p, the majors, was higher and then now everything is negative although i think information technology which involves software and eggnog everything else and hardware clinging to a slight gain. >> listen we like the cyclical value, looked to we know yields are higher a lot of bank stocks financials are actually in the green as we speak here so...