Two payments stocks are a better bet than American Express: Market pros

"This is really a contrarian play. It's more consumer oriented and it benefits as the consumer spending recovers – we think it is. Low valuation, a dividend yield of 3.2%, and by the way UBS did upgrade Discover Card [Monday] and we liked that upgrade," Binger said.

Ari Wald, head of technical analysis at Oppenheimer, is broadly bullish on the mobile payments industry and sees"It's worthwhile to mention the strength we've seen in the stock price of Square. Now, the more recent, important breakout occurred in early June when the stock rallied above $83. We've seen continuation of that strength with the action [Monday] now putting Square, above its 2018 peak," Wald said during the same segment.

Square is one of the top performers in the payments space after rallying nearly 70% this year. It is up 102% this quarter.

TradingNation

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Retail investors are playing the stock market for 'entertainment,' says behavioral finance proTrading platforms like Robinhood are rising in popularity with retail investors as a side effect of Covid-19's disruptions to sports and other activities, says Dan Egan, managing director of behavioral finance and investing at Betterment. ETFEdgeCNBC Просто оставайтесь дома ETFEdgeCNBC The Wall st 'Tie's' just cant stop, You missed the rally, just get over it.... ETFEdgeCNBC All the experts say “Play with $ you can afford to lose, right?”
Source: CNBC - 🏆 12. / 72 Read more »