12 hours ago
Visa reported fiscal third-quarter results on Tuesday, showing net revenue of $11.6 billion, a 14% increase over the prior year, driven by growth in payments volume, cross-border volume, and processed transactions.
GAAP net income for the quarter ended June 30 was $5.6 billion, or $2.97 per share, up 7% and 10%, respectively, from the prior year. Excluding special items, non-GAAP net income was $6.3 billion, or $3.32 per share, increases of 8% and 11% over the prior year.
Payments volume grew 10% on a constant-dollar basis for the three months ended June 30. Total processed transactions reached 71.7 billion, a 10% increase over the prior year. Cross-border volume excluding transactions within Europe rose 12% on a constant-dollar basis, while total cross-border volume increased 13%.
Data processing revenue rose 17% over the prior year to $6.0 billion, while service revenue grew 14% to $4.9 billion. International transaction revenue grew 6% to $3.9 billion, and other revenue rose 45% to $1.5 billion. Client incentives were $4.7 billion, up 18% over the prior year.
GAAP operating expenses were $4.8 billion for the quarter, a 19% increase over the prior year, driven by higher personnel costs. Current-quarter results included $563 million in severance costs and a $237 million litigation provision tied to the interchange multidistrict litigation case, among other special items.
#prior
GAAP net income for the quarter ended June 30 was $5.6 billion, or $2.97 per share, up 7% and 10%, respectively, from the prior year. Excluding special items, non-GAAP net income was $6.3 billion, or $3.32 per share, increases of 8% and 11% over the prior year.
Payments volume grew 10% on a constant-dollar basis for the three months ended June 30. Total processed transactions reached 71.7 billion, a 10% increase over the prior year. Cross-border volume excluding transactions within Europe rose 12% on a constant-dollar basis, while total cross-border volume increased 13%.
Data processing revenue rose 17% over the prior year to $6.0 billion, while service revenue grew 14% to $4.9 billion. International transaction revenue grew 6% to $3.9 billion, and other revenue rose 45% to $1.5 billion. Client incentives were $4.7 billion, up 18% over the prior year.
GAAP operating expenses were $4.8 billion for the quarter, a 19% increase over the prior year, driven by higher personnel costs. Current-quarter results included $563 million in severance costs and a $237 million litigation provision tied to the interchange multidistrict litigation case, among other special items.
#prior
12 hours ago
Visa (V) stock is ripping higher on Tuesday after the NYSE-listed credit card company announced plans to lay off roughly 7% of its global workforce. In its press release, the payments giant said it will eliminate about 2,600 roles in total — primarily affecting its worldwide technology and product-focused staff.
Following today's gains, Visa shares are up about 25% versus their year-to-date low.
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Broadcom Leads 3 AI Stocks Quietly Raising Their Dividends, One by 161%
#Visa #tuesday #data
Following today's gains, Visa shares are up about 25% versus their year-to-date low.
Ahead of Microsoft Earnings, Here's What Barchart Data Says Comes Next for MSFT Stock
Nasdaq Futures Plunge as Chip Selloff Rages On, FOMC Meeting and Earnings on Tap
Broadcom Leads 3 AI Stocks Quietly Raising Their Dividends, One by 161%
#Visa #tuesday #data
1 day ago
Stock market investors on Wednesday were spooked by the prospect of an interest rate hike by the Federal Reserve while flaring U.S.-Iran tensions propelled oil prices. GE HealthCare (GEHC) soared on the stock market today after its earnings report. Meanwhile, Meta Platforms (META) and Microsoft (MSFT) reports are on deck.
The Dow Jones Industrial Average dropped more than 800 points, or 1.6%, amid mixed reactions to earnings reports from Visa (V) and Procter & Gamble (PG). The S&P 500 flopped 0.8%. The tech-heavy Nasdaq composite fell 1.1%. The Nasdaq-100 (NDX) dropped 1% and once again stumbled into correction territory, falling 10% from its June highs. Small caps were hit as well, pulling the Russell 2000 index lower by 1.1%.
In the face of heightened hostilities between the U.S. and Iran, West Texas intermediate crude oil futures spiked more than 7%, trading around $84.90 per barrel. Brent crude futures also jumped more than 7%, trading at $88 per barrel.
Also, ahead of the Fed's announcement on the fed funds rate, the 10-year Treasury yield rose 2 basis to 4.62%. Bitcoin slid near $63,990.
GE Healthcare (GEHC) soared more than 10%, rebounding from a downward-sloping 50-day moving average. It was the best performer on the Nasdaq composite Wednesday, and was on track for its largest percentage increase on record, according to Dow Jones Markets Data.
#wednesday #gehc #average
The Dow Jones Industrial Average dropped more than 800 points, or 1.6%, amid mixed reactions to earnings reports from Visa (V) and Procter & Gamble (PG). The S&P 500 flopped 0.8%. The tech-heavy Nasdaq composite fell 1.1%. The Nasdaq-100 (NDX) dropped 1% and once again stumbled into correction territory, falling 10% from its June highs. Small caps were hit as well, pulling the Russell 2000 index lower by 1.1%.
In the face of heightened hostilities between the U.S. and Iran, West Texas intermediate crude oil futures spiked more than 7%, trading around $84.90 per barrel. Brent crude futures also jumped more than 7%, trading at $88 per barrel.
Also, ahead of the Fed's announcement on the fed funds rate, the 10-year Treasury yield rose 2 basis to 4.62%. Bitcoin slid near $63,990.
GE Healthcare (GEHC) soared more than 10%, rebounding from a downward-sloping 50-day moving average. It was the best performer on the Nasdaq composite Wednesday, and was on track for its largest percentage increase on record, according to Dow Jones Markets Data.
#wednesday #gehc #average
6 days ago
We've reached the end of another week folks. That means it's time for us to kick our feet up, perhaps enjoy time with family and friends, and maybe even enjoy an adult beverage if you're of age. Me? I decided to travel to St. Louis and so today I was up in the Gateway Arch. But, that can't stop me from getting these results to you readers. I know how important this is to each and every one of you.
This week I asked about the newest Purdue men's basketball player Enzo Shahrvin. He's got a visa to be in the country from France, but will the NCAA clear him to play? That's the million dollar question right now. And so, it was the question I asked you this week. So, let's get to the results!
An incredibly optimistic 76% of voters think the NCAA will clear Enzo. I gotta be honest, that seems incredibly optimistic. Trying to predict the NCAA seems to be a fool's errand these days. Will they crack down on foreign professionals or will they continue to judge them on a case by case basis? As Casey pointed out when I chatted with him on Thursday, it seems likely that Matt Painter did his due diligence on this before making the offer. Now, all we can do is wait.
Keep an eye on FanDuel to see if the addition of Enzo changes the Boilermakers odds of winning the conference or winning it all.
#enzo #seems #results
This week I asked about the newest Purdue men's basketball player Enzo Shahrvin. He's got a visa to be in the country from France, but will the NCAA clear him to play? That's the million dollar question right now. And so, it was the question I asked you this week. So, let's get to the results!
An incredibly optimistic 76% of voters think the NCAA will clear Enzo. I gotta be honest, that seems incredibly optimistic. Trying to predict the NCAA seems to be a fool's errand these days. Will they crack down on foreign professionals or will they continue to judge them on a case by case basis? As Casey pointed out when I chatted with him on Thursday, it seems likely that Matt Painter did his due diligence on this before making the offer. Now, all we can do is wait.
Keep an eye on FanDuel to see if the addition of Enzo changes the Boilermakers odds of winning the conference or winning it all.
#enzo #seems #results
6 days ago
A Southwest Airlines flight attendant who allegedly overstayed his visa was arrested by federal immigration authorities earlier this month while at work, officials said.
Lorenzo Thompson, a Jamaican citizen, was arrested July 14 in Nashville, Tennessee, according to local reports.
Thompson first entered the United States April 17, 2021, on a visa that expired Oct. 16, 2021, U.S. Immigration and Customs Enforcement (ICE) told Fox News.
Man Fleeing Ice Officers In Florida Is Struck And Killed By Tractor-trailer, Police Say
A Boeing 737-MAX 8 flying for Southwest Airlines.
#thompson #immigration #lorenzo
Lorenzo Thompson, a Jamaican citizen, was arrested July 14 in Nashville, Tennessee, according to local reports.
Thompson first entered the United States April 17, 2021, on a visa that expired Oct. 16, 2021, U.S. Immigration and Customs Enforcement (ICE) told Fox News.
Man Fleeing Ice Officers In Florida Is Struck And Killed By Tractor-trailer, Police Say
A Boeing 737-MAX 8 flying for Southwest Airlines.
#thompson #immigration #lorenzo
6 days ago
Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 22, 2026, Mastercard Incorporated (NYSE:MA) closed at $531.98 per share, reflecting a market capitalization of $470.05 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 8.81%, while its shares lost 5.59% over the past 52 weeks.
Montaka Global Investments stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa and Mastercard Incorporated (NYSE:MA), for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#incorporated #businesses #Investments #quarter
In its Q2 2026 investor letter, Montaka Global Investments highlighted Mastercard Incorporated (NYSE:MA). Mastercard Incorporated (NYSE:MA) is a leading global payment technology company provides transaction processing and other payment-related products and services. On July 22, 2026, Mastercard Incorporated (NYSE:MA) closed at $531.98 per share, reflecting a market capitalization of $470.05 billion. Mastercard Incorporated (NYSE:MA) posted a one-month return of 8.81%, while its shares lost 5.59% over the past 52 weeks.
Montaka Global Investments stated the following regarding Mastercard Incorporated (NYSE:MA) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa and Mastercard Incorporated (NYSE:MA), for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#incorporated #businesses #Investments #quarter
6 days ago
Montaka Global Investments, an investment management company, released its second-quarter 2026 investor letter. A copy of the update is available to download here. Montaka manages a concentrated portfolio of high–conviction, long-term, competitively advantaged businesses bought when prices are attractive. While it delivered positive returns in the June quarter, its 12-month performance was largely negative due to declines in the March quarter amid the 'SaaSpocalypse', yet the underlying businesses performed well. Montaka's strategy focuses on owning businesses that grow earnings in large markets, which struggled against short-term bottleneck trades that gained popularity. However, Montaka aims for long-term excess returns above market indices, anticipating that current mispricing will eventually correct. In addition, please check the Strategy's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Montaka Global Investments highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 22, 2026, Visa Inc. (NYSE:V) closed at $353.42 per share. One-month return of Visa Inc. (NYSE:V) was 5.95%, and its shares lost 1.07% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $665.89 billion.
Montaka Global Investments stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa Inc. (NYSE:V) and Mastercard, for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#NYSE #Services #quarter #investor
In its Q2 2026 investor letter, Montaka Global Investments highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 22, 2026, Visa Inc. (NYSE:V) closed at $353.42 per share. One-month return of Visa Inc. (NYSE:V) was 5.95%, and its shares lost 1.07% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $665.89 billion.
Montaka Global Investments stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"On the other side of the market are some of the world's highest quality businesses which have been overlooked during the semiconductor–mania.
Take Visa Inc. (NYSE:V) and Mastercard, for example. Both are extraordinarily advantaged businesses and have consistently grown annual revenues at double–digit percentage rates for many years. And in our view, strong growth will likely continue – driven by new value–added services attached to their payment networks (related to stablecoins, agentic commerce, fraud detection, and other data services) which are growing at even faster rates.
#NYSE #Services #quarter #investor
6 days ago
On July 21, during CNBC's Mad Money program, host Jim Cramer used the daily chart **** ysis by options trader Bob Lang, founder of Explosive Options, to examine American Express Company (NYSE:AXP). Cramer pointed to the company's distinct cardholder demographic and high-margin annual fee structure, as he highlighted why the premium card issuer remains a long-time favorite for core portfolio allocations:
Now finally, there's one that I have been near and dear for as long as I can remember, and that's American Express. Now, this only has 10% of purchase volume with fewer cards in circulation, but their cardholders tend to spend a lot more money. Plus, they charge fees for their best cards, basically making you pay for access to their generous rewards programs. It's a fantastic business model. But remember, they do have credit risk.
Under Cramer's framework, American Express occupies a specialized niche compared to rival payment networks Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). While Visa controls 60% of cardholders and Mastercard holds 25% to 30%, American Express Company (NYSE:AXP) commands roughly 10% of purchase volume. However, unlike Visa and Mastercard, which operate strictly as neutral tollbooths with zero balance-sheet risk, American Express operates as a direct card issuer. That closed-loop structure allows the company to capture premium annual membership fees and higher per-cardholder spending, though it requires absorbing credit default risk when consumers fall behind on payments.
On the technical side, Cramer highlighted that Lang noted that American Express Company (NYSE:AXP) has shown exceptional relative strength during recent broader market chop. After breaking out above its 200-day moving average in early June, the stock successfully retested that key support level on multiple occasions before surging higher on heavy volume. With the MACD indicator continuing to flash a buy signal, Lang sees a clear path toward $350, with a secondary upside target at its February peak of $370. It is the exact price level where sellers previously emerged. Furthermore, heading into Friday's quarterly report, Cramer shared Lang's bullish fundamental outlook on travel demand while offering his own tactical trading playbook for retail investors:
Now, I've gotta tell you, in his view, American Express is the best in class. Given that we've seen big numbers in travel here, Lang expects that Amex will shoot the lights out when it reports on Friday… I agree with him that this company's best of breed, but I also want to point out that American Express' stock, no matter what they seem to report, tends to sell off in response to earnings on that Friday even when the numbers are terrific. Then it gradually finds its footing afterwards and mounts strong rallies in between quarters, which is why I always say, you know, around like 10:30, 11, you might want to buy this one. I'm not kidding. It's been a good prediction so far.
#volume
Now finally, there's one that I have been near and dear for as long as I can remember, and that's American Express. Now, this only has 10% of purchase volume with fewer cards in circulation, but their cardholders tend to spend a lot more money. Plus, they charge fees for their best cards, basically making you pay for access to their generous rewards programs. It's a fantastic business model. But remember, they do have credit risk.
Under Cramer's framework, American Express occupies a specialized niche compared to rival payment networks Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA). While Visa controls 60% of cardholders and Mastercard holds 25% to 30%, American Express Company (NYSE:AXP) commands roughly 10% of purchase volume. However, unlike Visa and Mastercard, which operate strictly as neutral tollbooths with zero balance-sheet risk, American Express operates as a direct card issuer. That closed-loop structure allows the company to capture premium annual membership fees and higher per-cardholder spending, though it requires absorbing credit default risk when consumers fall behind on payments.
On the technical side, Cramer highlighted that Lang noted that American Express Company (NYSE:AXP) has shown exceptional relative strength during recent broader market chop. After breaking out above its 200-day moving average in early June, the stock successfully retested that key support level on multiple occasions before surging higher on heavy volume. With the MACD indicator continuing to flash a buy signal, Lang sees a clear path toward $350, with a secondary upside target at its February peak of $370. It is the exact price level where sellers previously emerged. Furthermore, heading into Friday's quarterly report, Cramer shared Lang's bullish fundamental outlook on travel demand while offering his own tactical trading playbook for retail investors:
Now, I've gotta tell you, in his view, American Express is the best in class. Given that we've seen big numbers in travel here, Lang expects that Amex will shoot the lights out when it reports on Friday… I agree with him that this company's best of breed, but I also want to point out that American Express' stock, no matter what they seem to report, tends to sell off in response to earnings on that Friday even when the numbers are terrific. Then it gradually finds its footing afterwards and mounts strong rallies in between quarters, which is why I always say, you know, around like 10:30, 11, you might want to buy this one. I'm not kidding. It's been a good prediction so far.
#volume
6 days ago
During the July 21 episode of CNBC's Mad Money, host Jim Cramer reviewed Mastercard Incorporated (NYSE:MA) using options trader Bob Lang's **** ysis of the daily chart of the stock. Pointing to the company as a premier vehicle for investors seeking to rebalance away from pure tech without sacrificing growth or high-margin processing power, Cramer highlighted its market share and recent price action:
I want to talk about the next chart, which is one of my absolute favorites. Michael Miebach runs it. It's Mastercard, MA, second most commonly used credit card. 25 to 30% of cardholders have one. Again, you can see that the stock's gone crazy in the last few weeks. Bouncing like mad off of its June lows. Although, unlike Visa, it still hasn't taken out its January highs. This is what I mean, by the way, when I say you need to diversify away from some of your tech. Mastercard is a tech company in bank clothing. It's always been a terrific place to be.
Examining the daily chart, Cramer highlighted that Bob Lang noted that Mastercard Incorporated (NYSE:MA) has constructed a textbook bullish trend channel marked by a series of higher highs and higher lows since hitting its June bottom. The stock's moving average convergence divergence (MACD) line generated a buy signal last month, while its relative strength index continues to trend upward without reaching overbought territory. Elevated volume and a rising on-balance volume line further validate the move. Cramer noted that Lang sees that the stock has legs, with primary technical resistance sitting at $573, representing roughly $35 in potential upside toward where the stock traded prior to a January gap down, giving Mastercard Incorporated (NYSE:MA) a clear path to challenge its January highs.
In Cramer's breakdown of the payment landscape, Mastercard Incorporated (NYSE:MA) occupies a middle ground in cardholder reach while sharing a critical structural moat with market leader Visa Inc. (NYSE:V). While Visa commands the top spot with 60% of cardholders and American Express Company (NYSE:AXP) handles roughly 10% of purchase volume, Mastercard sits solidly in second place with 25% to 30% cardholder penetration. Both Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) operate strictly as **** et-light processing networks with zero credit exposure, completely insulating them from default losses that direct lenders like American Express Company (NYSE:AXP) must carry on their balance sheets. On the technical side, while Visa has already surged past its January peak, Mastercard is still catching up after bouncing off its June floor, giving investors a high-margin processing stock.
#cramer
I want to talk about the next chart, which is one of my absolute favorites. Michael Miebach runs it. It's Mastercard, MA, second most commonly used credit card. 25 to 30% of cardholders have one. Again, you can see that the stock's gone crazy in the last few weeks. Bouncing like mad off of its June lows. Although, unlike Visa, it still hasn't taken out its January highs. This is what I mean, by the way, when I say you need to diversify away from some of your tech. Mastercard is a tech company in bank clothing. It's always been a terrific place to be.
Examining the daily chart, Cramer highlighted that Bob Lang noted that Mastercard Incorporated (NYSE:MA) has constructed a textbook bullish trend channel marked by a series of higher highs and higher lows since hitting its June bottom. The stock's moving average convergence divergence (MACD) line generated a buy signal last month, while its relative strength index continues to trend upward without reaching overbought territory. Elevated volume and a rising on-balance volume line further validate the move. Cramer noted that Lang sees that the stock has legs, with primary technical resistance sitting at $573, representing roughly $35 in potential upside toward where the stock traded prior to a January gap down, giving Mastercard Incorporated (NYSE:MA) a clear path to challenge its January highs.
In Cramer's breakdown of the payment landscape, Mastercard Incorporated (NYSE:MA) occupies a middle ground in cardholder reach while sharing a critical structural moat with market leader Visa Inc. (NYSE:V). While Visa commands the top spot with 60% of cardholders and American Express Company (NYSE:AXP) handles roughly 10% of purchase volume, Mastercard sits solidly in second place with 25% to 30% cardholder penetration. Both Visa Inc. (NYSE:V) and Mastercard Incorporated (NYSE:MA) operate strictly as **** et-light processing networks with zero credit exposure, completely insulating them from default losses that direct lenders like American Express Company (NYSE:AXP) must carry on their balance sheets. On the technical side, while Visa has already surged past its January peak, Mastercard is still catching up after bouncing off its June floor, giving investors a high-margin processing stock.
#cramer
6 days ago
During the Tuesday episode of Mad Money, host Jim Cramer discussed the major credit card networks as he noted that consumer spending remains resilient. He began by highlighting the broader economic data and noted that roughly 81% of Americans hold a credit card, averaging three to four cards per consumer, with cardholders using about 29% to 30% of their available balance. Even though the median household holds approximately $8,000 in cash, consumers continue to prefer credit over drawing down savings. Explaining how these consumer habits feed into the major card networks, Cramer noted:
All this is to say that the three big credit card companies, Visa, Mastercard, and American Express have a tremendous read on the state of the economy, and after a very rocky first quarter, these stocks have been steadily chugging higher since April.
Examining the daily chart of market leader Visa Inc. (NYSE:V) with the help of Bob Lang's (founder of Explosive Options) **** ysis, Cramer highlighted how the stock's recent technical breakout contradicts theories of a struggling consumer:
Why don't we start with Visa? That's the most used credit card. 60% of cardholders have one... Check out the daily chart. Visa's been roaring higher on terrific relative strength lately. I mean, this is not what Visa's chart looks like when the consumer's being squeezed. When you look at the moving average convergence divergence, that's the MACD… That's an important momentum indicator that can detect changes in the stock's trajectory before they happen… This isn't a coincidence; this is predictive. It made a bullish crossover mid-June. That's what really got people excited... And it's one of the most positively reliable patterns there is out there. Sure enough, the stock's been on fire ever since the cross...
Cramer also pointed to the volume indicator at the bottom of the chart to highlight the influx of big-money accumulation:
#credit #card #chart #networks
All this is to say that the three big credit card companies, Visa, Mastercard, and American Express have a tremendous read on the state of the economy, and after a very rocky first quarter, these stocks have been steadily chugging higher since April.
Examining the daily chart of market leader Visa Inc. (NYSE:V) with the help of Bob Lang's (founder of Explosive Options) **** ysis, Cramer highlighted how the stock's recent technical breakout contradicts theories of a struggling consumer:
Why don't we start with Visa? That's the most used credit card. 60% of cardholders have one... Check out the daily chart. Visa's been roaring higher on terrific relative strength lately. I mean, this is not what Visa's chart looks like when the consumer's being squeezed. When you look at the moving average convergence divergence, that's the MACD… That's an important momentum indicator that can detect changes in the stock's trajectory before they happen… This isn't a coincidence; this is predictive. It made a bullish crossover mid-June. That's what really got people excited... And it's one of the most positively reliable patterns there is out there. Sure enough, the stock's been on fire ever since the cross...
Cramer also pointed to the volume indicator at the bottom of the chart to highlight the influx of big-money accumulation:
#credit #card #chart #networks
7 days ago
Dodge & **** Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and **** Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On July 21, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $97.11 per share, reflecting a market capitalization of $90.55 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 6.12%, while its shares lost 34.50% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
KKR & Co. Inc. (NYSE:KKR), a global alternative **** et manager, is also a new position in the Fund. Its share price declined amid broader macroeconomic concerns and potential weakness in its private credit and software investments. We believe the company's exposures to these areas are manageable and not overly concentrated. KKR traded at 13.6 times forward earnings, despite its diversified portfolio across private equity, real **** ets, and credit, and strong alignment between management and shareholders."
#Stock
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On July 21, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $97.11 per share, reflecting a market capitalization of $90.55 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 6.12%, while its shares lost 34.50% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
KKR & Co. Inc. (NYSE:KKR), a global alternative **** et manager, is also a new position in the Fund. Its share price declined amid broader macroeconomic concerns and potential weakness in its private credit and software investments. We believe the company's exposures to these areas are manageable and not overly concentrated. KKR traded at 13.6 times forward earnings, despite its diversified portfolio across private equity, real **** ets, and credit, and strong alignment between management and shareholders."
#Stock
7 days ago
Dodge & ***** Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and ***** Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and ***** Stock Fund highlighted Thermo Fisher Scientific Inc. (NYSE:TMO) as a newly added position. Thermo Fisher Scientific Inc. (NYSE:TMO) is a life science company focusing on providing life sciences solutions, ***** ytical instruments, specialty diagnostics, and laboratory products and biopharma services. On July 21, 2026, Thermo Fisher Scientific Inc. (NYSE:TMO) closed at $523.46 per share, reflecting a market capitalization of $194.53 billion. Thermo Fisher Scientific Inc. (NYSE:TMO) posted a one-month return of 6.35%, while its shares gained 12.16% over the past 52 weeks.
Dodge and ***** Stock Fund stated the following regarding Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
We also started a position in Thermo Fisher Scientific Inc. (NYSE:TMO), a leading global provider of life sciences tools, scientific instruments, and laboratory products and services. The company's shares recently declined to their lowest valuation in a decade as the industry navigates cyclical weakness due to customers' post-COVID inventory destocking. Despite this near-term pressure, Thermo Fisher generates substantial recurring revenues and has a track record of successful acquisitions. We believe the company's long-term prospects remain attractive and took advantage of the lower share price to establish a position."
#fisher
In its Q2 2026 investor letter, Dodge and ***** Stock Fund highlighted Thermo Fisher Scientific Inc. (NYSE:TMO) as a newly added position. Thermo Fisher Scientific Inc. (NYSE:TMO) is a life science company focusing on providing life sciences solutions, ***** ytical instruments, specialty diagnostics, and laboratory products and biopharma services. On July 21, 2026, Thermo Fisher Scientific Inc. (NYSE:TMO) closed at $523.46 per share, reflecting a market capitalization of $194.53 billion. Thermo Fisher Scientific Inc. (NYSE:TMO) posted a one-month return of 6.35%, while its shares gained 12.16% over the past 52 weeks.
Dodge and ***** Stock Fund stated the following regarding Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
We also started a position in Thermo Fisher Scientific Inc. (NYSE:TMO), a leading global provider of life sciences tools, scientific instruments, and laboratory products and services. The company's shares recently declined to their lowest valuation in a decade as the industry navigates cyclical weakness due to customers' post-COVID inventory destocking. Despite this near-term pressure, Thermo Fisher generates substantial recurring revenues and has a track record of successful acquisitions. We believe the company's long-term prospects remain attractive and took advantage of the lower share price to establish a position."
#fisher
7 days ago
Dodge & ****** Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and ****** Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and ****** Stock Fund highlighted its new purchase, Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 21, 2026, Visa Inc. (NYSE:V) closed at $355.82 per share. One-month return of Visa Inc. (NYSE:V) was 7.10%, and its shares gained 0.15% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $676.68 billion.
Dodge and ****** Stock Fund stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
Visa Inc. (NYSE:V) is expanding beyond transaction processing into fraud prevention, data ****** ytics, and digital commerce. We believe the shares are undervalued at less than 24 times forward earnings, a price that reflects investor concerns over potential regulatory headwinds, including proposed caps on credit card interest rates and fees. Given Visa's high operating margins, strong free cash flow, and growth opportunities beyond its core business, we believe investors are underestimating the durability of its competitive advantages."
#NYSE #shares #strong #concerns
In its Q2 2026 investor letter, Dodge and ****** Stock Fund highlighted its new purchase, Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 21, 2026, Visa Inc. (NYSE:V) closed at $355.82 per share. One-month return of Visa Inc. (NYSE:V) was 7.10%, and its shares gained 0.15% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $676.68 billion.
Dodge and ****** Stock Fund stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
Visa Inc. (NYSE:V) is expanding beyond transaction processing into fraud prevention, data ****** ytics, and digital commerce. We believe the shares are undervalued at less than 24 times forward earnings, a price that reflects investor concerns over potential regulatory headwinds, including proposed caps on credit card interest rates and fees. Given Visa's high operating margins, strong free cash flow, and growth opportunities beyond its core business, we believe investors are underestimating the durability of its competitive advantages."
#NYSE #shares #strong #concerns
7 days ago
The fight game is an unforgiving one.
Per MMA Junkie on Thursday, PFL DC will no longer feature Thad Jean(10-0) vs. ShamilMusaev (18-1-1) in the main attraction. For currentlyundisclosed reasons, Musaev has been forced to withdraw from hiswelterweight championship affair headlining the card at theCareFirst Arena in the U.S. Capitol. In the Russian's stead will beErnestoRodriguez (11-1), who first postedof his change in opponent and vastly elevated stakes on Wednesdaynight—he was expecting to battle AaronMcKenzie—and then fully confirmedthe news shortly after its announcement. Jean did as well shortlythereafter on his InstagramStories.
This is one of numerous cancelations on fight week and earlier, asathletes MagomedUmalatov, JackCartwright, DenisGoltsov, BrunoCappelozza and MandoGutierrez were all booked for this fight card at one time. Dueto a number of largely undeclared reasons—Cappelozza encounteredissues with his visa—all of those combatants and their scheduledpairings have either been canceled or switched around on this cardor to another. For instance, Cappelozza vs. hasbeen **** ped to PFL Charlotte in August. The current PFL DC lineup sees eightmatches remaining, although the promotion has not indicated if anylate-notice fights will be slotted on the billing.
Jean was vying to become the first U.S.-born PFL champion atop thisevent—not including those that won tournaments—and he will stillreceive that honor. "Silverback" comes into this five-rounder withample momentum on his side as the winner of the final PFL tourneyin 2025. There, he knocked out MukhamedBerkhamov, outworked JasonJackson and outperformed LoganStorley in the span of four months to claim a $500,000 checkand chance for PFL gold.
"Starboy" Rodriguez seizes this opportunity having won his PFLdebut in March. Against MasayukiKikuiri, he snagged a majority decision despite dropping whatmany observers felt was a 10-8 third round, completing a bout inwhich all three Sherdog official scorers turned in 28-28 drawtallies. The fighter born in Cuba worked his way up the Tuff-N-Uffladder from 2022 to 2025, culminating in six wins with the LasVegas-based league to reach a major organization.
ThadJean vs. ErnestoRodriguez – welterweight
TysonPedro vs. RafaelXavier – light heavyweight
SullivanCauley vs. RasulMagomedov – light heavyweight
EliezerKubanza vs. Chris Mixan– welterweight
BryceMeredith vs. Michael Cyr– bantamweight
BrandonDavis vs.
#jean #reasons #born
Per MMA Junkie on Thursday, PFL DC will no longer feature Thad Jean(10-0) vs. ShamilMusaev (18-1-1) in the main attraction. For currentlyundisclosed reasons, Musaev has been forced to withdraw from hiswelterweight championship affair headlining the card at theCareFirst Arena in the U.S. Capitol. In the Russian's stead will beErnestoRodriguez (11-1), who first postedof his change in opponent and vastly elevated stakes on Wednesdaynight—he was expecting to battle AaronMcKenzie—and then fully confirmedthe news shortly after its announcement. Jean did as well shortlythereafter on his InstagramStories.
This is one of numerous cancelations on fight week and earlier, asathletes MagomedUmalatov, JackCartwright, DenisGoltsov, BrunoCappelozza and MandoGutierrez were all booked for this fight card at one time. Dueto a number of largely undeclared reasons—Cappelozza encounteredissues with his visa—all of those combatants and their scheduledpairings have either been canceled or switched around on this cardor to another. For instance, Cappelozza vs. hasbeen **** ped to PFL Charlotte in August. The current PFL DC lineup sees eightmatches remaining, although the promotion has not indicated if anylate-notice fights will be slotted on the billing.
Jean was vying to become the first U.S.-born PFL champion atop thisevent—not including those that won tournaments—and he will stillreceive that honor. "Silverback" comes into this five-rounder withample momentum on his side as the winner of the final PFL tourneyin 2025. There, he knocked out MukhamedBerkhamov, outworked JasonJackson and outperformed LoganStorley in the span of four months to claim a $500,000 checkand chance for PFL gold.
"Starboy" Rodriguez seizes this opportunity having won his PFLdebut in March. Against MasayukiKikuiri, he snagged a majority decision despite dropping whatmany observers felt was a 10-8 third round, completing a bout inwhich all three Sherdog official scorers turned in 28-28 drawtallies. The fighter born in Cuba worked his way up the Tuff-N-Uffladder from 2022 to 2025, culminating in six wins with the LasVegas-based league to reach a major organization.
ThadJean vs. ErnestoRodriguez – welterweight
TysonPedro vs. RafaelXavier – light heavyweight
SullivanCauley vs. RasulMagomedov – light heavyweight
EliezerKubanza vs. Chris Mixan– welterweight
BryceMeredith vs. Michael Cyr– bantamweight
BrandonDavis vs.
#jean #reasons #born
7 days ago
Two Visalia youth baseball teams made history over the weekend.
On Saturday, July 18, the Visalia Blues 11U baseball team defeated Tulare in a 4-3 nailbiter before taking down Elk Grove in the Pacific Southwest Regional Tournament finale.
On the same day, the Blues 12U squad defeated Hilo Black of Hawaii to claim their respective regional championship.
And now, both the Visalia Blues 11U and 12U baseball teams will be heading to the 2026 Cal Ripken World Series.
"It's pretty special, but I'm not surprised by it either," Blues 11U manager Brandon Peters said.
#Baseball
On Saturday, July 18, the Visalia Blues 11U baseball team defeated Tulare in a 4-3 nailbiter before taking down Elk Grove in the Pacific Southwest Regional Tournament finale.
On the same day, the Blues 12U squad defeated Hilo Black of Hawaii to claim their respective regional championship.
And now, both the Visalia Blues 11U and 12U baseball teams will be heading to the 2026 Cal Ripken World Series.
"It's pretty special, but I'm not surprised by it either," Blues 11U manager Brandon Peters said.
#Baseball
8 days ago
With stablecoin supply above $300 billion and payment use reaching an estimated $390 billion in 2025, more than twice the previous year, competition increasingly centres on distribution, liquidity, reserve income, and access to payment networks.
Open USD has brought these commercial forces together through a consortium of more than 140 participants, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. Participating companies will be able to distribute the ******* et through exchanges, wallets, merchant products, and payment services while receiving a share of reserve earnings.
The model places Open USD against established issuers and smaller competitors seeking partnerships with the same financial companies.
BeInCrypto spoke with Louisa Bai, Head of Stablecoins at Mysten Labs, Marc Boiron, CEO of Polygon Labs, and Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, about stablecoin competition, regional use cases, currency demand, and blockchain settlement.
Open USD gives participating companies a financial incentive to support adoption through their own products. Reserve earnings can be returned to consortium members, linking token distribution to commercial revenue.
#open #reserve
Open USD has brought these commercial forces together through a consortium of more than 140 participants, including Visa, Mastercard, Stripe, Coinbase, and BlackRock. Participating companies will be able to distribute the ******* et through exchanges, wallets, merchant products, and payment services while receiving a share of reserve earnings.
The model places Open USD against established issuers and smaller competitors seeking partnerships with the same financial companies.
BeInCrypto spoke with Louisa Bai, Head of Stablecoins at Mysten Labs, Marc Boiron, CEO of Polygon Labs, and Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, about stablecoin competition, regional use cases, currency demand, and blockchain settlement.
Open USD gives participating companies a financial incentive to support adoption through their own products. Reserve earnings can be returned to consortium members, linking token distribution to commercial revenue.
#open #reserve
8 days ago
Visa (V) trades at $360.57 per share on a $651.9B market cap and 29.3x trailing earnings. Under a conservative 3-year scenario, the math points to roughly 42% of upside. Revenue compounding does most of the work in our scenario. Here is the picture the math sits on top of:
Where V Stands Today
Valuation: P/E of 29.3 versus a 3-year average of 29.8 and a 3-year high of 33.9.
Revenue: Revenue grew 14.4% over the last twelve months, with a 3-year CAGR of 11.6%.
Net Margin: Running at 52% LTM, against a 3-year average of 53% and a 3-year peak of 55%.
#Visa
Where V Stands Today
Valuation: P/E of 29.3 versus a 3-year average of 29.8 and a 3-year high of 33.9.
Revenue: Revenue grew 14.4% over the last twelve months, with a 3-year CAGR of 11.6%.
Net Margin: Running at 52% LTM, against a 3-year average of 53% and a 3-year peak of 55%.
#Visa
8 days ago
McDonald's trades 7% below **** yst targets despite 25+ years of dividend growth, while P&G just extended its streak to 70 consecutive annual increases.
Visa raised its quarterly dividend 14% in 2025, backed by 14.6% revenue growth and $3.8 billion in single-quarter share repurchases.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Visa didn't make the cut. Grab the names FREE today.
Dividend growers build generational wealth. That is the entire premise behind a "buy and hold forever" portfolio: Own companies whose competitive moats let them pay you more every single year, regardless of what the macro backdrop looks like. In July 2026, three names still fit that description as cleanly as they did a decade ago, though each is trading through very different setups right now.
Here is the case for three stocks as long-duration dividend compounders, along with the risk each carries into the second half of 2026.
#Dividend
Visa raised its quarterly dividend 14% in 2025, backed by 14.6% revenue growth and $3.8 billion in single-quarter share repurchases.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Visa didn't make the cut. Grab the names FREE today.
Dividend growers build generational wealth. That is the entire premise behind a "buy and hold forever" portfolio: Own companies whose competitive moats let them pay you more every single year, regardless of what the macro backdrop looks like. In July 2026, three names still fit that description as cleanly as they did a decade ago, though each is trading through very different setups right now.
Here is the case for three stocks as long-duration dividend compounders, along with the risk each carries into the second half of 2026.
#Dividend
8 days ago
MIAMI, July 22 (UPI) -- Inter Miami signed midfielder Casemiro through the end of the 2027 MLS sprint season, with a multiyear option, the club announced Wednesday.
Casemiro's pact is pending receipt of his visa. An extension option could keep Casemiro under contract until June 2029.
The 34-year-old, who played for Brazil at the 2026 World Cup, spent the last four seasons at Manchester United. The English Premier League club announced in January he would leave after the 2025-26 campaign.
"What motivates me the most, and I think this is true for every player, is winning and continuing to grow," Casemiro said in a news release. "The project the club presented to me, along with the effort everyone made to bring me here, means a lot to me.
"I'm incredibly grateful, and I can't wait to get started so I can repay that trust -- not only during the 90 minutes on match day, but every day in training, as well. All I can say is thank you, and I'll give everything I have to return the affection and confidence the club has shown me."
#announced #every #july
Casemiro's pact is pending receipt of his visa. An extension option could keep Casemiro under contract until June 2029.
The 34-year-old, who played for Brazil at the 2026 World Cup, spent the last four seasons at Manchester United. The English Premier League club announced in January he would leave after the 2025-26 campaign.
"What motivates me the most, and I think this is true for every player, is winning and continuing to grow," Casemiro said in a news release. "The project the club presented to me, along with the effort everyone made to bring me here, means a lot to me.
"I'm incredibly grateful, and I can't wait to get started so I can repay that trust -- not only during the 90 minutes on match day, but every day in training, as well. All I can say is thank you, and I'll give everything I have to return the affection and confidence the club has shown me."
#announced #every #july
8 days ago
Former Manchester United and Real Madrid midfielder Casemiro has completed his transfer to Inter Miami – but the deal is now being investigated by Major League Soccer (MLS) amid claims of tampering.
The 34-year-old Brazil international, who was a free agent following the conclusion of his contract at Old Trafford last season, joins the Major League Soccer club on a deal that runs until the end of the 2027 MLS Sprint Season.
The agreement includes an option to extend his stay until June 2029, pending visa approval.
Casemiro's discovery rights were held by LA Galaxy, and by league rule that would have prevented Inter Miami from negotiating with him.
The teams reached a settlement that allowed Inter Miami to get the long-awaited signing done, but the league is still probing the tampering allegation.
#tampering
The 34-year-old Brazil international, who was a free agent following the conclusion of his contract at Old Trafford last season, joins the Major League Soccer club on a deal that runs until the end of the 2027 MLS Sprint Season.
The agreement includes an option to extend his stay until June 2029, pending visa approval.
Casemiro's discovery rights were held by LA Galaxy, and by league rule that would have prevented Inter Miami from negotiating with him.
The teams reached a settlement that allowed Inter Miami to get the long-awaited signing done, but the league is still probing the tampering allegation.
#tampering
8 days ago
MIAMI (AP) — Inter Miami announced the signing of Brazil midfielder and five-time Champions League winner Casemiro on Wednesday, and Major League Soccer is now investigating whether the reigning league champion engaged in tampering to get that deal done.
The 34-year-old Casemiro — who appeared in all five of Brazil's matches at this year's World Cup, scoring one goal — is under contract with Inter Miami through the end of next year's sprint season, with an extension option through June 2029.
Casemiro's discovery rights were held by the LA Galaxy, and by league rule that would have prevented Inter Miami from negotiating with him. The teams reached a settlement that allowed Inter Miami to get the long-awaited signing done, but the league is still probing the tampering allegation.
"The league is gathering all relevant information and will refrain from further comment until the review is complete," MLS said in a statement. "While Inter Miami CF and the LA Galaxy have reached a settlement for the Discovery Priority to sign Casemiro, the terms will be released upon conclusion of the tampering investigation."
It's unclear when Casemiro will debut for Inter Miami. The team said he is still waiting on the necessary visa.
#Miami #league #tampering
The 34-year-old Casemiro — who appeared in all five of Brazil's matches at this year's World Cup, scoring one goal — is under contract with Inter Miami through the end of next year's sprint season, with an extension option through June 2029.
Casemiro's discovery rights were held by the LA Galaxy, and by league rule that would have prevented Inter Miami from negotiating with him. The teams reached a settlement that allowed Inter Miami to get the long-awaited signing done, but the league is still probing the tampering allegation.
"The league is gathering all relevant information and will refrain from further comment until the review is complete," MLS said in a statement. "While Inter Miami CF and the LA Galaxy have reached a settlement for the Discovery Priority to sign Casemiro, the terms will be released upon conclusion of the tampering investigation."
It's unclear when Casemiro will debut for Inter Miami. The team said he is still waiting on the necessary visa.
#Miami #league #tampering
8 days ago
Dodge & ******* Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and ******* Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and ******* Stock Fund highlighted its new purchase, Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 21, 2026, Visa Inc. (NYSE:V) closed at $355.82 per share. One-month return of Visa Inc. (NYSE:V) was 7.10%, and its shares gained 0.15% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $676.68 billion.
Dodge and ******* Stock Fund stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
Visa Inc. (NYSE:V) is expanding beyond transaction processing into fraud prevention, data ******* ytics, and digital commerce. We believe the shares are undervalued at less than 24 times forward earnings, a price that reflects investor concerns over potential regulatory headwinds, including proposed caps on credit card interest rates and fees. Given Visa's high operating margins, strong free cash flow, and growth opportunities beyond its core business, we believe investors are underestimating the durability of its competitive advantages."
#Visa #strong #technology
In its Q2 2026 investor letter, Dodge and ******* Stock Fund highlighted its new purchase, Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 21, 2026, Visa Inc. (NYSE:V) closed at $355.82 per share. One-month return of Visa Inc. (NYSE:V) was 7.10%, and its shares gained 0.15% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $676.68 billion.
Dodge and ******* Stock Fund stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
Visa Inc. (NYSE:V) is expanding beyond transaction processing into fraud prevention, data ******* ytics, and digital commerce. We believe the shares are undervalued at less than 24 times forward earnings, a price that reflects investor concerns over potential regulatory headwinds, including proposed caps on credit card interest rates and fees. Given Visa's high operating margins, strong free cash flow, and growth opportunities beyond its core business, we believe investors are underestimating the durability of its competitive advantages."
#Visa #strong #technology
8 days ago
Dodge & **** Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and **** Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted Thermo Fisher Scientific Inc. (NYSE:TMO) as a newly added position. Thermo Fisher Scientific Inc. (NYSE:TMO) is a life science company focusing on providing life sciences solutions, **** ytical instruments, specialty diagnostics, and laboratory products and biopharma services. On July 21, 2026, Thermo Fisher Scientific Inc. (NYSE:TMO) closed at $523.46 per share, reflecting a market capitalization of $194.53 billion. Thermo Fisher Scientific Inc. (NYSE:TMO) posted a one-month return of 6.35%, while its shares gained 12.16% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
We also started a position in Thermo Fisher Scientific Inc. (NYSE:TMO), a leading global provider of life sciences tools, scientific instruments, and laboratory products and services. The company's shares recently declined to their lowest valuation in a decade as the industry navigates cyclical weakness due to customers' post-COVID inventory destocking. Despite this near-term pressure, Thermo Fisher generates substantial recurring revenues and has a track record of successful acquisitions. We believe the company's long-term prospects remain attractive and took advantage of the lower share price to establish a position."
#shares
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted Thermo Fisher Scientific Inc. (NYSE:TMO) as a newly added position. Thermo Fisher Scientific Inc. (NYSE:TMO) is a life science company focusing on providing life sciences solutions, **** ytical instruments, specialty diagnostics, and laboratory products and biopharma services. On July 21, 2026, Thermo Fisher Scientific Inc. (NYSE:TMO) closed at $523.46 per share, reflecting a market capitalization of $194.53 billion. Thermo Fisher Scientific Inc. (NYSE:TMO) posted a one-month return of 6.35%, while its shares gained 12.16% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding Thermo Fisher Scientific Inc. (NYSE:TMO) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
We also started a position in Thermo Fisher Scientific Inc. (NYSE:TMO), a leading global provider of life sciences tools, scientific instruments, and laboratory products and services. The company's shares recently declined to their lowest valuation in a decade as the industry navigates cyclical weakness due to customers' post-COVID inventory destocking. Despite this near-term pressure, Thermo Fisher generates substantial recurring revenues and has a track record of successful acquisitions. We believe the company's long-term prospects remain attractive and took advantage of the lower share price to establish a position."
#shares
8 days ago
Dodge & **** Fund, an investment management company, released its second-quarter 2026 investor letter for "Dodge and **** Stock Fund". A copy of the letter can be downloaded here. Despite volatile oil prices and rising inflation, U.S. equities reached record highs in Q2 2026, driven by a technology-led rally, particularly in memory semiconductors. The Fund's Class A shares returned 5.57%, underperforming the S&P 500 Index's 15.20% return and the Russell 1000 Value Index's 13.84% gain, mainly due to underweighting in Information Technology and weak performances from several holdings. Concerns over AI disruption negatively impacted companies with strong franchises. The Fund's bottom-up investment approach allowed it to acquire shares in industry leaders with strong long-term fundamentals. The firm believes that increased exposure to high-quality businesses and a diversified portfolio positions the Fund well for future growth. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On July 21, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $97.11 per share, reflecting a market capitalization of $90.55 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 6.12%, while its shares lost 34.50% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
KKR & Co. Inc. (NYSE:KKR), a global alternative **** et manager, is also a new position in the Fund. Its share price declined amid broader macroeconomic concerns and potential weakness in its private credit and software investments. We believe the company's exposures to these areas are manageable and not overly concentrated. KKR traded at 13.6 times forward earnings, despite its diversified portfolio across private equity, real **** ets, and credit, and strong alignment between management and shareholders."
#fund #NYSE #dodge #shares
In its Q2 2026 investor letter, Dodge and **** Stock Fund highlighted KKR & Co. Inc. (NYSE:KKR). KKR & Co. Inc. (NYSE:KKR) is a leading private equity and real estate investment firm focusing on direct and fund-of-fund investments. On July 21, 2026, KKR & Co. Inc. (NYSE:KKR) closed at $97.11 per share, reflecting a market capitalization of $90.55 billion. KKR & Co. Inc. (NYSE:KKR) posted a one-month return of 6.12%, while its shares lost 34.50% over the past 52 weeks.
Dodge and **** Stock Fund stated the following regarding KKR & Co. Inc. (NYSE:KKR) in its Q2 2026 investor update:
"During the second quarter, concerns about AI disruption led to declines in a number of companies with strong franchises and solid profitability. Our bottom-up approach led us to establish several new positions in industry leaders whose shares have lagged, and where we believe the long-term fundamentals are not fully reflected in their current prices. We initiated a position in Visa, a leader in global payments, an industry characterized by strong network effects and high barriers to entry.
KKR & Co. Inc. (NYSE:KKR), a global alternative **** et manager, is also a new position in the Fund. Its share price declined amid broader macroeconomic concerns and potential weakness in its private credit and software investments. We believe the company's exposures to these areas are manageable and not overly concentrated. KKR traded at 13.6 times forward earnings, despite its diversified portfolio across private equity, real **** ets, and credit, and strong alignment between management and shareholders."
#fund #NYSE #dodge #shares
9 days ago
PORTLAND, Ore. (AP) — The Portland Timbers have hired Martí Cifuentes as the team's new head coach.
Cifuentes signed a three-year contract with Portland through the 2028-29 Major League Soccer season. The Spanish coach will join the team following the visa approval process, the Timbers said Tuesday.
"I have always followed MLS, and it has long been an ambition of mine to experience this league," Cifuentes said in a statement. "To have the chance to do so at a club like Portland, with such an incredible fanbase and an exciting group of players, is truly special."
Cifuentes, 44, most recently served as coach of Leicester City in the EFL Championship. He also spent two seasons with the Queens Park Rangers.
He replaces Phil Neville, who parted ways with the Timbers in late May following a 3-1 loss at home to the San Jose Earthquakes.
#timbers #following #mart
Cifuentes signed a three-year contract with Portland through the 2028-29 Major League Soccer season. The Spanish coach will join the team following the visa approval process, the Timbers said Tuesday.
"I have always followed MLS, and it has long been an ambition of mine to experience this league," Cifuentes said in a statement. "To have the chance to do so at a club like Portland, with such an incredible fanbase and an exciting group of players, is truly special."
Cifuentes, 44, most recently served as coach of Leicester City in the EFL Championship. He also spent two seasons with the Queens Park Rangers.
He replaces Phil Neville, who parted ways with the Timbers in late May following a 3-1 loss at home to the San Jose Earthquakes.
#timbers #following #mart
10 days ago
If you've got an S&P 500 index fund in your 401(k), about $4 out of every $100 in it is invested in Microsoft (1). You didn't pick it; it came with the fund. So its stock price activity affects your retirement savings whether you follow the company or not.
On July 6, Microsoft cut 4,800 jobs — a little over 2% of its staff (2). Around the same time, Department of Labor data showed Microsoft had filed 2,879 H-1B visa labor condition applications this fiscal year (3).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
On July 6, Microsoft cut 4,800 jobs — a little over 2% of its staff (2). Around the same time, Department of Labor data showed Microsoft had filed 2,879 H-1B visa labor condition applications this fiscal year (3).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
11 days ago
Greece's Article 5B offers American retirees a flat 7% tax on all foreign-source income for 15 years, covering Social Security, IRA withdrawals, and dividends.
A couple retiring to coastal Greece spends roughly $61,000 a year, about $17,500 less than the average U.S. household.
Retirees must elect the 7% regime in year one and fully sever ties from high-tax states like California or face double taxation with no credit offset.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Someone in their late 50s or early 60s has read one too many articles about the Algarve, run the numbers, and realized Portugal is not what it was five years ago. Rents in Lisbon have doubled, the old Non-Habitual Resident tax break for retirees is gone for new arrivals, and the golden visa route to residency has been narrowed. If not Portugal, then where? The answer, for a growing number of American retirees, is Greece.
A couple retiring to coastal Greece spends roughly $61,000 a year, about $17,500 less than the average U.S. household.
Retirees must elect the 7% regime in year one and fully sever ties from high-tax states like California or face double taxation with no credit offset.
Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.
Someone in their late 50s or early 60s has read one too many articles about the Algarve, run the numbers, and realized Portugal is not what it was five years ago. Rents in Lisbon have doubled, the old Non-Habitual Resident tax break for retirees is gone for new arrivals, and the golden visa route to residency has been narrowed. If not Portugal, then where? The answer, for a growing number of American retirees, is Greece.
11 days ago
With recent advancements in artificial intelligence, it's becoming easier for consumers to let AI play a role in their finances.
Robinhood, a financial services platform and mobile app, now has AI agents that can make credit card purchases and investment trades on your behalf (1). And after announcing a collaboration with OpenAI, Visa introduced secure payments with agentic commerce (2), "enabling seamless and trusted payments across OpenAI," according to a company press release (3).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
Robinhood, a financial services platform and mobile app, now has AI agents that can make credit card purchases and investment trades on your behalf (1). And after announcing a collaboration with OpenAI, Visa introduced secure payments with agentic commerce (2), "enabling seamless and trusted payments across OpenAI," according to a company press release (3).
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
11 days ago
It's long been known that Gen Xers and millennials are set to inherit trillions from baby boomers over the next two decades via the Great Wealth Transfer. The bad news, however, is that not everyone will receive an equal piece of the payout.
After accounting for taxes, baby boomer retirement spending and other factors, a July Visa Business and Economic Insights report estimates that "$36 trillion will pass to younger generations over the next 20 years, equivalent to roughly $515,000 per inheriting household (1)."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
After accounting for taxes, baby boomer retirement spending and other factors, a July Visa Business and Economic Insights report estimates that "$36 trillion will pass to younger generations over the next 20 years, equivalent to roughly $515,000 per inheriting household (1)."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
