Several payments stocks have been suffering since Donald Trump was elected president of the United States. Even after Tuesday’s large rebound, the following stocks are among the declines in the sector since November 9:
By contrast, over the same period, the S&P 500 gained 1.45 percent, and the Dow, 2.8 percent.
In a recent report, analysts at Jefferies argued that the weakness in the industry seems to have been largely driven by investor migration into core financial stocks, which experts believe will witness a considerable “rate and regulatory tailwind under a Trump Administration.”
If Trump's plans to de-regulate the financial services industry “ends up including a repeal of the
There are, nonetheless, some caveats related to debit interchange rates and international exposure.
Notwithstanding, Jefferies analysts concluded, relative valuations in the payments space look very attractive, especially in PayPal and Visa.
Other Moves To Note
While most payments name have tumbled since the election, Planet Payment Inc
Also worth considering, in its latest 13F — for the third quarter of 2016, Warren Buffett’s Berkshire Hathaway Inc.
Image Credit: By Gage Skidmore from Peoria, AZ, United States of America (Donald Trump) [CC BY-SA 2.0], via
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