Positive trend in #Mastercard | 10 December 2021

Positive trend in #Mastercard


#HewlettPac:


HP generated $6.4 billion in net cash provided by operating activities and $4.2 billion of free cash flow in fiscal 2021. Free cash flow includes net cash provided by operating activities of $6.4 billion adjusted for net Oracle litigation proceeds of $1,771 million, net investments in leases of $111 million and net investments in property, plant and equipment of $582 million. In the fourth quarter, HP returned $2.0 billion to shareholders. HP utilized $1.8 billion of cash during the quarter to repurchase approximately 61 million shares of common stock in the open market and paid a cash dividend of $219 million. As a result, HP returned 210% of its fourth quarter free cash flow to shareholders. HP exited the quarter with $4.3 billion in gross cash, which includes cash and cash equivalents and short-term investments of $5 million included in other current assets.


Trading recommendation: Buy 3619 and take profit 38.31.


Positive trend in #Mastercard


#MasterCard:


Mastercard is a technology company in the global payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and the organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks. The Board of Directors also approved a new share repurchase program, authorizing the company to repurchase up to $8 billion of its common stock. The new share repurchase program will become effective at the completion of the company’s previously announced $6 billion program. The company has approximately $4.4 billion remaining under the current program authorization.


Trading recommendation: Buy 314.77 and take profit 331.41.


Positive trend in #Mastercard


XAUUSD:


Nonfarm payrolls increased by 210,000 jobs, the fewest since last December, but the unemployment rate plunged to a 21-month low of 4.2% and 594,000 people entered the labor force, the most in 13 months, indicating a rapidly tightening labor market. Federal Reserve plans to accelerate tapering of its bond purchases and expectations for multiple rate hikes next year remained intact. The Treasury yield curve measuring the gap between yields on two- and 10-year Treasury notes, seen as an indicator of economic expectations, narrowed to 77.0 basis points, down from almost 130 points in early October. Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion.


Trading recommendation: sell 1790.30 and take profit 1754.55.

 

David Johnson
Analyst of «FreshForex» company
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