I visited Fox Business Network on Thursday, March 21, to discuss my recent column on the “cashless craze” and some stocks that investors can buy to play the trend.
We hop around a bit, but the stocks highlighted here include:
- Visa (NYSE:V) and MasterCard (NYSE:MA), which remain the big players in cashless transactions of all types;
- eBay (NASDAQ:EBAY) thanks to PayPal, which is now moving $120 billion a year; and
- Intuit (NASDAQ:INTU), which is best known for TurboTax and Quicken products but has big potential with its GoPayment mobile transaction app.
And then, of course, there’s constant innovator Google (NASDAQ:GOOG) with its Google Wallet, and deep-pocketed mobile behemoth Apple (NASDAQ:AAPL). Both could create something or buy out a smaller competitor with promise — and their hardware chops would obviously make any technology integrated, secure and slick for consumers.
Read my full rundown on “The Next Megashift: Mobile Banking Stocks” in my recent column here, or watch the above video for the highlights.
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing, he did not own a position in any of the stocks named here.