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Shares of Visa, Mastercard, some payment names rise on Black Friday (NYSE:V)


Pay by smartphone at the department store.

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Friday’s performance in credit card and payments-related stocks shows that investors are looking forward to the Visa card network (NYSE:DRAW) and Mastercard (NYSE:GHOST) better than credit card lenders during the year-end shopping season kick into high gear.

Previously, the National Retail Federation forecast retail sales for the holidays in November and December will increase 6%-8% from a year agodown from the 13.5% increase seen in 2021.

During Friday’s short trading session, Visa (DRAW) increased 1.1% and Mastercard (GHOST) raise 0.8%. In contrast, Capital One Financial (NYSE:COF) and Financial Discovery (NYSE:DFS) per eked out 0.1% increase. Synchronous Finance (NYSE:SYF), However, up 0.6%.

Some stocks focused on payment technology posted larger gains. Light Trade (NYSE:LSPD) ran 1.2% increaseGlobal payments (NYSE:GPN) +1.6%and Paysafe (NYSE:PSFE) up 4.8%.

dave (NASDAQ:DAVE), provides its members with short-term loans, its securities jump 12%.

However, the Buy Now, Pay Later names dropped on Black Friday. Claim to hold (NASDAQ:AFRM) slip 1.7%Unit (NYSE:SQ), the company that owns Afterpay, down 0.8%and PayPal, has its own BNPL product, down 0.8%.

Looking at the year-long timeframe, both Visa (DRAW) and Mastercard (GHOST) recorded an increase, compared with a decline in the S&P 500 (SP500), Capital One (COF), the speed of light (LSPD), and Affirm (AFRM) lags the benchmark index like Seen in the chart below.

Before that, Macy’s (m), Walmart (WMT) and Ulta Beauty (ULTA) is called out when choosing Black Friday stocks.

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