20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Visa said after Monday's market close that CEO Charlie Scharf will step down and be replaced with Alfred Kelly, a current Visa board member and former president of American Express Company (NYSE: AXP).
Keane noted that while the CEO change was unexpected, early feedback indicates that Kelly was well regarded at American Express. Moreover, Kelly has a deep knowledge of the credit card industry and is already very familiar with Visa, given his service on the board for two years.
Related Link: Visa Says Charlie Scharf Out As CEO; Alfred Kelly Named Replacement
Keane added that Visa's roster of senior executives will also aid in a smooth transition.
When Kelly takes over as CEO, Keane is expecting his top priorities to be: 1) ensuring Visa remains a terrific partner for all partners in the payment ecosystem, 2) continue focusing on digital initiatives and 3) attracting and maintaining top talent.
Kelly is also expected to travel a lot across Europe to ensure a smooth integration of its recently acquired Visa Europe and will also visit China often to take advantage of the emerging growth opportunities.
Bottom line, Visa's fundamentals remain robust, and there are no changes to the company's outlook. As such, the analyst recommends investors add to their positions on any pullback in the stock.
At last check, Visa was down 0.32 percent at $81.89.
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!