Zig for Apple Card; Zag for PagSeguro

While the Apple Card understandably gets plenty of attention regarding large firms seeking to enter the general payments arena to establish their own ecosystem, if you will, we ought not overlook plays like PagSeguro out of Brazil. 

PAGS spiked up after earnings late-last week and has been flagging nicely ever since, as seen on its updated daily chart, below. STNE is another Brazil play which has overshadowed PAGS at various intervals this year for a variety of reasons. 

However, for my money PAGS is the better chart and more desirable setup here. 

Beyond that, as a general proposition we know emerging markets have not had a particularly good summer what with volatility in markets concerning global growth, weak oil, etc.. And that makes PAGS all the more intriguing as a long idea going forward given how well it has held up.