Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Nasdaq Powers Past Record High Amid Bond Market Lull; Tesla Extends Gains
With investors content to buy into Fed Chairman Jerome Powell's inflation optimism, bond markets are holding steady and stocks are looking to test fresh record highs.
) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day down 0.1%. By the end of trading, Visa fell $2.64 (-1.4%) to $188.58 on light volume. Throughout the day, 1,923,138 shares of Visa exchanged hands as compared to its average daily volume of 3,093,000 shares. The stock ranged in price between $188.54-$191.47 after having opened the day at $190.73 as compared to the previous trading day's close of $191.22. Other companies within the Diversified Services industry that declined today were:
), down 11.4%,
), down 6.3%,
), down 5.8% and
), down 4.8%.
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Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. Visa has a market cap of $98.4 billion and is part of the financial sector. Shares are up 26.2% year to date as of the close of trading on Monday. Currently there are 21 analysts that rate Visa a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.
- You can view the full Visa Ratings Report.
On the positive front,
), up 9.0%,
), up 6.3%,
), up 6.2% and
), up 5.8% , were all gainers within the diversified services industry with
) being today's featured diversified services industry leader.
- Use our diversified services section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the diversified services industry could consider
) while those bearish on the diversified services industry could consider
- Find other investment ideas from our top rated ETFs lists.