Stock #5 – MasterCard (MA)
MasterCard (MA) is trading at over $200 per share, and the company is thriving right now even though many financial-related companies seem to be under pressure. That’s because MasterCard is so much more than just a credit card company, and the company has done a good job keeping expenses down and cashing in on fees instead of debt-related income.
At the beginning of November, MA reported higher-than-expected quarterly earnings after aggressively trimming marketing expenses and raising fees to banks. Specifically, MasterCard’s third-quarter net income was $452 million, or $3.45 per share, compared with a loss of $194 million, or -$1.48 per share, a year earlier. Wall Street was looking for -$2.94 per share, tallying a 17% earnings surprise for this company.
This makes six quarters in a row that the company’s earnings topped Wall Street’s forecasts significantly. Share prices continue to creep upwards, and I expect big things from MasterCard on the heels of this impressive quarterly report. Buy this stock.
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Article printed from InvestorPlace Media, http://investorplace.com/2009/11/stocks-to-buy-aapl-acl-bidu-ceo-ma-amzn-isrg/.
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