For Immediate Release
Chicago, IL – September 24, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Groupon Inc. (GRPN - Free Report) , Apple Inc. (AAPL - Free Report) , eBay Inc. (EBAY - Free Report) , MasterCard Incorporated (MA - Free Report) , Visa Inc. (V - Free Report) .
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: https://at.zacks.com/?id=5513
Here are highlights from Friday’s Analyst Blog:
Groupon Kicks Off Mobile Payments
Groupon Inc. (GRPN - Free Report) recently announced its entry into the mobile payments market with the launch of Groupon Payments – a service that enables businesses to accept credit cards via Apple Inc.’s (AAPL - Free Report) iPhone or iPod Touch.
Although the company is capable of processing the transactions of any credit card, it is currently focusing only on businesses that offer deals through Groupon. It is also allowing other businesses to use the payment service under a test program, but is charging premium rates for it.
The target clientele is small businesses that do not accept credit cards to either avoid paying high transaction fees or due to lack of access to the required technology. Now they will be able to overcome these problems with Groupon Payments, which will benefit from the growing use of smartphones. The company has tested the technology in the San Francisco Bay Area.
However, Groupon will face tough competition from eBay Inc.’s (EBAY - Free Report) PayPal and Jack Dorsey-owned Square, both of which offer credit card usage via smartphones by means of a card-reader attachment. However, the company will have an advantage in terms of processing speed since it aims to process transactions overnight, compared to other companies that take as long as three days.
Groupon will also have benefit in terms of pricing as it is charging substantially less than the competitors. PayPal charges 2.7% fee, while Square charges 2.75% or $275 per month. Meanwhile, Groupon will charge only 1.8% fee plus 15 cents for each swipe using a credit card issued by MasterCard Incorporated (MA - Free Report) , Visa Inc. (V - Free Report) , etc.
Groupon is launching the service to widen its product portfolio and increase its prominence among customers who have too many options to choose from. Competitors are attracting customers by offering discounts and deals. Thus, the new service will offer Groupon an additional source of revenue and help in attracting more customers.
The announcement raised investor confidence in the stock and share price surged 35 cents or 13.9% to close at $5.34 on Wednesday. This comes as marginal respite to Groupon, which is dealing with plummeting share prices since its IPO of $20 per share in November last year.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: https://at.zacks.com/?id=5515.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: https://at.zacks.com/?id=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5518.
Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Zacks Investment Research
800-767-3771 ext. 9339