NVDA
NVIDIA
-- 131.760 TSLA
Tesla
-- 396.360 RGTI
Rigetti Computing
-- 8.9500 AMD
Advanced Micro Devices
-- 116.090 PLTR
Palantir
-- 65.910 
Payment stocks slump amid COVID worries, regulatory outlook
Payment stocks are taking a hit from renewed COVID fears and due to possible regulatory changes after Jerome Powell is nominated for a second term, Mizuho analyst Dan Dolev said.
"It's kind of like a perfect storm for some of these [payment] names," he told Bloomberg News in an interview.
The Bloomberg Digital Payments Index dropped as much as 2.7% to its lowest level since December. $MasterCard (MA.US)$ sank 5.4%, $Visa (V.US)$ slipped 2.6%, $American Express (AXP.US)$ dipped 1.5% in Monday trading.
$DLocal (DLO.US)$, which went public through an IPO in June, dropped 13%, and $Blend Labs (BLND.US)$, which started trading in July after its IPO slid 6.7%, reaching a post-IPO low.
Fintechs, too, weren't spared, with $Block (SQ.US)$ falling 6.1%, $Robinhood (HOOD.US)$ off 4.0%, and $PayPal (PYPL.US)$ down 2.1%. PyPal hit a 52-week low earlier in the session. Those could also be hurt by the 6.3% drop in $Bitcoin (BTC.CC)$, since all three have businesses that generate revenue from the world's largest cryptocurrency.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Discussing
Trump 2.0 countdown: What's the next big opportunity in the markets?
🎙️️ Discussion: 1. Could Trump's cryptocurrency policies potentially benefit the crypto market? 2. Might his tariff policies have a positiv
Popular on moomoo
Jan 13 17:43
Trump 2.0 Opportunity Preview: Guess the market winner before the president takes office!
Aaron_Kelly : Stay calm and keep buying.
Harper lee Aaron_Kelly : Yep, that’s what I am doing.
Johnny Thunders : The last 2 or 3 weeks have been very painful for MA & V holders.
Apollod Wed Johnny Thunders : Yes, for V - earnings next year from earnings call in July (V was $252 then), will be in the teens, investors thought it would be in the 20's, DOJ investigation (yes, another one), Amazon in UK is playing hardball, emotions and fears of Amzn doing the same in the USA, open banking on the horizon. None of these are legit and amount to peanuts. I bought even more on Friday at $200.
ajkZbCYC8Q Apollod Wed : Agreed. Just noise IMO. In two years, no one will even remember all these conversations. And Visa/MasterCard will continue to make big money.
tk0TEeeFdX Johnny Thunders : BTFDs
TpdPfbWje4 Johnny Thunders : Not at all, for some holders.
Those happy ones are long term holders, who have been buying more parts of great companies are good prices.
2znASYonpa : Beep, beep, beep - that's the sound of my truck backing up and throwing open the doors.