Visa eyes fresh high, eBay falls on outlook, Plug Power surges on Walmart deal

Here’s a look at some of the stocks the Yahoo Finance team will be watching for you today.

Ebay (EBAY) shares fell in early trading after the online auctioneer delivered earnings and revenue that were in line with forecasts. The company gave a weaker-than-expected outlook for the current quarter as it struggles to grow its business amid competition from Amazon.

Visa (V) shares rose on Friday. The credit card payment processor raised its profit outlook for the year after it reported a beat on both its top and bottom lines for last quarter. Revenue soared about 26% from a year ago as more shoppers used its network to make payments.

More consolidation in the payments sector Paysafe (PAYS.L) surged in London trading after private equity firms Blackstone (BX) and CVC Capital teamed up to buy the online payment processor that specializes in the gambling sector for $3.8 billion.

Plug Power (PLUG) stock got a jolt in early trading following news that the company is expanding its existing partnership with Walmart (WMT). The alternative energy company will provide the retailer with hydrogen fuel stations to power its warehousing and delivery trucks at 30 additional Walmart stores over the next 3 years. Plug Power is already operating at 22 Walmart stores.

And Amazon (AMZN) is grabbing headlines after a report that government regulators are looking into allegations that Amazon misleads customers about its pricing discounts. Reuters says the Federal Trade Commission is probing a complaint by the advocacy group Consumer watchdog. Amazon says the group’s study of its pricing practices is “deeply flawed.” Reuters says the FTC’s inquiry is part of its review of Amazon’s bid to buy Whole Foods (WFM).

 

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