Stock Watch: Nextcard Climbs On Coverage

Shares of online credit card company Nextcard (Nasdaq: NXCD) soared 12.5 percent on Tuesday, gaining 3-1/16 to 27-5/8 after the stock received a strong buy rating from Prudential. The stock has traded as high as 50 since going public at $20 on May 14.

As the current leader in the online-only credit card space, Nextcard could be a big beneficiary of the expected boom in shopping during the upcoming holiday season. Long-term players might want to take a look at the stock, but it could be worth waiting until NextCard releases its earnings on Friday to make a decision on whether to buy.

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