Visa Halts Plans to Raise Fees and Micron Stock Hit All-Time Highs 💳

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Visa Halts Plans to Raise Fees and Micron Stock Hit All-Time Highs

Visa

Visa has had plans to raise the swipe fees paid by some U.S. merchants when customers use a credit card in-store. As the coronavirus pandemic continues to eat away at most retail stores across the United States, the company has decided to delay its plans.

The network stated that “Given the unprecedented impact of the Covid-19 pandemic on the U.S. economy, Visa determined it would not make any structural changes to the payments ecosystem over the last year.” This change would have meant lower fees for some, but higher fees for others. It’s nice to see that large companies like Visa understand that the average merchant has enough headaches to deal with right now then to start readjusting their payment processors.

Micron

On Monday, Micron shares were up as much as 5%, setting a record that hasn’t been seen since the dot-com bubble in the early 2000’s. Simultaneously, Deutsche Bank and Mizuho Securities both increased their price targets for the stock.

It is being said that Micron is a strong recovery play with demand in markets like data centers and 5G smartphones looking ready for a rebound in the upcoming months and years. With developments in memory pricing along with this rebound in demand, it looks like Micron may be able to boost margins and deliver a strong performance heading into next year.

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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