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Mastercard Update

By Steve Abraham on Oct 31, 2007

Mastercard had an unbelievable day today, closing up $32 to around $190. Earnings were a blowout combined with the Fed rate cut help fuel the rally.  I think the stock goes to $225-$250.  Online shopping this Christmas season will be the best yet.  Mastercard will reap a lot of revenues from this trend.  MA also announced a share repurchase program.  You have to think the company is extremely confident if they are buying back stock the stock is making new all-time highs.  Most companies buyback stock when they think its a “value”.  I mentioned MA 9 months ago as a core growth holding. I still like it.  Congrats if you bought !  

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This entry was posted on Wednesday, October 31st, 2007 at 5:28 pm and is filed under Stock Charts. You can skip to the end and leave a response. Pinging is currently not allowed.


5 Responses to “Mastercard Update”


By WilliamGCash on November 1st, 2007 at 3:07 pm

Yeah, Mastercard did real nice on earnings. I will definitely put this one on the watch list.

By Julia on December 11th, 2007 at 6:56 pm

What about FSLR? Would you like it as much as MA?

By Katie Hurley on December 20th, 2007 at 12:47 pm

I didn’t buy, because I didn’t have wizetrade at the time. But I’ve looked back at this particular date, and profits were soaring. This is pretty typical because of Holiday Shopping. But profits were higher than usual. It’s probably due to the heavy budget marketing campaign of this year.

By Andrew Young on December 26th, 2007 at 4:36 pm

As stated earlier, Mastercard is really on the come up. They have twice as many bank contracts as opposed to recent years. Wizetrade shows a come-up.

By Jessica Sanchez on January 10th, 2008 at 2:06 pm

It’s pretty obvious; holiday shopping increases the stock trading (buying) of mastercard. But more than this little info, you still need to look at the charts for the last two holiday seasons. It’s important to know exactly when to get in and out. WIzetrade got me an optimal payday.

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