Too many in the media just mentioned the good earnings. They either ignored -- or subordinated -- the investigation.
Business Insider, for example, ran a story called: "10 Things You Need To Know Before The Opening Bell." They spoke about Visa beating earnings expectations and offered a "however," but the "however" was a mention of Prudential's (PRU) bad miss. Nothing on the investigation.Seeking Alpha pounded the table with a positive headline: "Visa Posts Another Terrific Quarter: We're Big Fans Of The Shares," only mentioning the probe toward the bottom of their story, as mere afterthought. The Wall Street Journal gave the conflicting issues the equivalence they require. They did it right from the headline: "Visa Profit Surges as U.S. Probes Debit-Card Strategy" as well as down through their coverage. Reuters, too, got at what should shake the market's confidence in Visa's happy thoughts about the future. In their second sentence, they mentioned that Visa's management increased expectations, before offering a caveat: "The company also raised the high-end of its estimated range for full-year earnings per share, despite uncertainty over questions from United States government anti-trust investigators on how it is adjusting to new federal limits on fees charged merchants for debit card transactions." In the case of Visa, you cannot mention anything good without that equal weight of bad.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV