MasterCard (MA Quote) and Visa (V Quote) have been hard hit in recent months along with the rest of the financial sector, but the stocks offer some significant upside even with a possibly long downturn ahead.
Investors are getting increasingly concerned about the resiliency of the two card network firms as U.S. troubles intensify and spread to other countries, even though two-thirds of the analysts who cover MasterCard and Visa call them buys or buy-equivaltents, according to Bloomberg.
Visa, which reports third-quarter earnings after the market closes on Wednesday, is currently trading at about $49 a share, not much above the $44 a share it was when it went public at in March. The stock saw a high of $89.84 back in early May, but shares have been falling as the economy has worsened. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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