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Four Outperforming Credit Services Names


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.


Visa and Capital One Financial are up 37% year-to-date and 42% year-to-date, respectively. These are two names that I like for longer-term buys. On the weekly timeframe, both of these equities have shown positive price action.

Despite the strong performances from both of these well-known companies, short interest has actually increased over the past 3 months. Option activity has seen a lot of bearish bets towards COF in particular. The Schaeffer's put/call open interest ratio (SOIR) is a measure of put and call open interest for the front three months of an optionable equity. The SOIR for COF currently stands at 1.17. Visa has seen bearish bets as well-its SOIR is 1.10.

Here at Schaeffer's, we love finding higher trending equities that continue to climb in the face of negative sentiment. We believe that this set of circumstances can have strong bullish implications. Positive price action that continues to prevail, in spite of the many skeptics out there, can lead to profitable opportunities.

This article by Peter Bryans was originally published on Schaeffer's Investment Research.

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