$MA – Mastercard, Inc – last closed at $88.02 – Bullish (Medium – Long term)
MasterCard Incorporated is a technology company in the global payments industry. The Company connects consumers, financial institutions, merchants, Governments and businesses around the world, enabling them to use electronic forms of payment instead of cash and checks. The Company’s brands include MasterCard, Maestro and Cirrus.
With a lot of Wallstreet analysts reiterating a rating of “Buy” for MA, with a consensus average target price of $108.58, which is 18.9% higher than the last closed price. Also, Mastercard is expected to post its earnings for the last quarter this Friday. We anticipate a $3.33 EPS for the current fiscal year.
However, we also have the news of the 10% shareholder of MA, MasterCard Foundation selling 53925 shares on Jan 19th.
$VLO – Valero Energy Corporation – last closed at $67.87 – Bullish (Short-Medium term)
Valero Energy Corp (Valero) is an international manufacturer and marketer of transportation fuels, other petrochemical products and power. The Company’s refineries can produce conventional gasolines, premium gasolines, gasoline, diesel fuel, low-sulfur diesel fuel, ultra-low-sulfur diesel fuel, CARB diesel fuel, other distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products. The Company markets branded and unbranded refined products through approximately 7,400 outlets.
The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.50 per share to $0.60 per share, effective with the quarterly dividend the Board has declared to be payable on March 3, 2016 to holders of record at the close of business on February 9, 2016. The increase in the dividend raises the annualized cash dividend rate on Valero’s common stock to $2.40 per share.
Despite the fact that last year has been a great year for Valero, with its stock prices surging 40%, the year 2016 saw the company share price fall to double digits. The following factors are likely to affect the share prices through 2016.
- High Oil Supplies, and weaker-than expected demand for oil
- Growing supply of Gasoline
- The risk of unplanned refinery outages like the explosion at ExxonMobil