21 July Watchlist 👀

MasterCard Entertains Crypto and IBM Delivers Solid Earnings

MasterCard doesn’t feel threatened by new-age fintech. It has epic brand power and epic network effects, but it’s also not standing still. It’s signed up to a partnership with Wirex, an app that lets people trade Bitcoin and other cryptos, to allow the Wirex card on its network.

MasterCard isn’t taking a big risk on cryptocurrencies here, it’s just said “yes” to scalping transaction fees on cryptocurrency transactions, if there happen to be many on Wirex’s new card. The development of the card is paid for on Wirex’s side. Wirex gets most of the upside.

MasterCard and Visa have aggressive new start-up initiatives in the Blockchain space, and are eager to diversify into emerging sectors at relatively little cost “just in case” they turn out to live up to the hype. Perhaps inadvertently, they’re helping crucially institutionalize Blockchain.

The chances are that if you own MasterCard shares in your portfolio, you’ve had them for a while. The same goes for IBM; it’s popular among long-term investors. Yesterday, they got some good short-term news with the stock up 8% after-hours!

Big Blue beat on both revenue and profit, with its new CEO backing the current stock market recovery as “longer and more protracted” than he had expected back in March.

The megacorp is doing well, but hasn’t updated its year-end guidance from pessimistic targets set three months ago. If it does, or if it doesn’t and subsequently beats those targets, the stock will get another kick up. It looks like a bad year is turning out quite well for some!

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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