This morning before the market’s opened I discussed Visa Stock in the investing strategy notes before the markets opened. I had hoped to be selling the Nov 22 $200 put strike this morning. Instead Visa Stock roared higher by almost 10% pushing back toward its all-time high. Visa climbed as it reported earnings for its 4th quarter that were well ahead of estimates. The earned $1.1 billion which was down 10% from the same quarter last year, but excluding one-time items, net income rose 14% over year-ago levels to $1.4 billion which is $2.18 per share. The big news though was the company announcement of a share buy back valued at $5 billion. This jumped the stock this morning by 5% right at the open.
That means my trade idea will not work for now but instead I can see other opportunities developing. This strategy article on Visa Stock is for USA Members.
Visa Stock – More Profits Lie Ahead
To read the Visa Stock trade and strategy ideas, FullyInformed Members can login directly through this link or Members can sign in to the full members site here. Non-members can join here.
Review VISA Stock Prior Years
Review VISA Stock Trades for 2013
Review VISA Stock Trades for 2012
Review VISA Stock Trades For 2011
Review VISA Stock Trades For 2010
Review VISA Stock Trades For 2009
Visa Stock Full Index Of Articles
Review VISA Stock Strategy Articles
Review Visa Stock Members Strategy Articles