business newsFour Outperforming Credit Services Names
By
Schaeffer's Investment Research
Nov 01, 2012 12:00 pm
Credit services companies Discover, Mastercard, Visa, and Capital One Financial have all posted strong year-to-date gains, and have some very solid looking charts.
PRINT
With the S&P 500 Index (INDEXSP:.INX) up 12% year-to-date, there are several names in the financial sector that have outperformed the market so far this year. More specifically, these names fall into the credit services industry—and you are probably familiar with all of them. Credit services companies Discover (NYSE:DFS), Mastercard (NYSE:MA), Visa (NYSE:V), and Capital One Financial (NYSE:COF) have all posted strong year-to-date gains, and have some very solid looking charts.
Beginning with Discover you can see below that the chart on the weekly timeframe is in a solid uptrend. It should be noted that all charts and performance numbers are as of the close on Friday, October 26. DFS is posting a year-to-date gain of nearly 70%.
(Charts courtesy of StockCharts.com)
Featured below is another company in this industry— Mastercard. The equity is up 22% year-to-date and is one of the more popular credit services names. MA has been a solid trending equity as the weekly chart shows it trading well above its 200-week moving average (red line).
Beginning with Discover you can see below that the chart on the weekly timeframe is in a solid uptrend. It should be noted that all charts and performance numbers are as of the close on Friday, October 26. DFS is posting a year-to-date gain of nearly 70%.
(Charts courtesy of StockCharts.com)
Featured below is another company in this industry— Mastercard. The equity is up 22% year-to-date and is one of the more popular credit services names. MA has been a solid trending equity as the weekly chart shows it trading well above its 200-week moving average (red line).
No positions in stocks mentioned.
Daily Recap
Everything you need to know for the next trading day.
Trading Radar (weekly)
Your road map to all the events that will effect financial markets in the week ahead.
Name
Email
*
Phone
* required field
