Trade Mastercard Inc - MA CFD
MasterCard’s stock is up 46% this year, compared to the S&P 500 which is up about 20%.
The financial payments giant’s stock is up more than 1120% since the start of 2011, while the broader market has only rallied about 140% since then.
Overall consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased vastly in July due to a robust U.S. economy, despite the ongoing tariff war between the U.S. and China weighing on both country’s economies.
Over the last nine years, MasterCard, which has a market value of about $279 billion has accounted for double digit gains in the stock majority of the time.
Bolstered by strong consumer spending, MasterCard’s revenue has grown more than 17% on average over the past eight quarters, according to FactSet.
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