The stock market declined on Friday as Iran retaliated to Israel’s attacks on its nuclear sites. This pushed oil prices to their highest level since January and heightened worries on geopolitical tensions.
Overall, S&P 500 fell 1.1% to 5,977, while NASDAQ dropped 1.3% to 19,407.
Chart of the Day
Here is the one-year chart of Fiserv (FI) as of June 4, 2025, when the stock was at $164.
Fiserv stock has been in a downtrend since the company reported last quarter’s earnings. The reason was Clover’s volume growth was just 8% last quarter, down from 14% the quarter earlier.
Clover’s slowing growth has spooked investors, yet it continues to grow through new products, new markets, new partners and new geographies.
Last quarter, Fiserv made major advances in its international strategy and introduced Clover in four new countries, namely: Mexico, Brazil, Australia, and Singapore. This brings its global footprint to 13 markets. This international push is supported by local distribution channels, such as Software Express in Brazil, and strong partner networks in Australia and Asia Pacific.
Alongside geographic growth, Fiserv is enhancing Clover’s product suite, introducing specialized solutions like Clover Hospitality, a new point-of-sale system designed to meet the needs of upper market restaurants, broadening the company’s total addressable market.
FI is part of our Conservative Growth Portfolio and Growth Portfolio.
