MasterCard (MA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Mastercard stock reached a new high and is in a bullish chart pattern. The post Steady Profit Grower Mastercard Hits New High, Primes For Next Move appeared first on Investor's Business Daily.
MasterCard (MA) concluded the recent trading session at $536.15, signifying a +0.08% move from its prior day's close.
Holiday spending rose 3.8% from a year ago, topping last year's growth, as consumers were “willing and able” to spend, if there was a good deal, Mastercard SpendingPulse said.
U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24, as customers turned to last minute shopping due to intense holiday season promotions, a Mastercard report showed on Thursday.
Mastercard is undervalued, showing strong growth and profitability despite inflation and market challenges, making it a solid investment opportunity. The company excels in cross-border payments and digital transactions, maintaining high operating margins and benefiting from increased travel. Mastercard's valuation reflects its premium status, with a high P/E ratio justified by efficient cash use and strong return on equity.
Mastercard has outperformed the SP500 since 2018, offering a 20% CAGR, making it ideal for long-term investors, despite its high PE ratio. The company's strong market position, global reach, and high-quality growth initiatives ensure sustained revenue and EPS growth with low margin volatility. Mastercard's management excels in leveraging its payment network for new business lines and expanding in developing regions, boosting long-term growth prospects.
Mastercard has finalized its previously announced acquisition of threat intelligence company Recorded Future. The acquisition will add threat intelligence and artificial intelligence (AI)-powered, actionable analytics to Mastercard's cybersecurity capabilities, Mastercard said in a Friday (Dec. 20) press release.
MasterCard (MA) concluded the recent trading session at $528.03, signifying a +0.91% move from its prior day's close.
Mastercard (NYSE: MA) has been riding in a strong upward channel since 2021, consistently delivering steady returns to investors. However, recent technical indicators suggest a potential shift in momentum.
MasterCard (MA) reachead $523.28 at the closing of the latest trading day, reflecting a +0.64% change compared to its last close.
Mastercard's stock (NYSE: MA) is up approximately 25% year-to-date compared to the 27% rise in the S&P500 index over the same period. In comparison, Mastercard's peer Visa (NYSE: V) has returned about 22%.