MasterCard Being Overlooked, Especially After Two Upgrades

Two upgrades in the past week or so, one from Goldman and then from William Blair and shares of MasterCard Inc. (MA) have barely budged despite having a pretty big haircut from its late May 52-week high of $320.30. According to Reuters, the analyst from William Blair & Co. tabs MasterCard as an investment opportunity with significant operating leverage. The brokerage expects revenue growth of 14% annually and earnings growth of 23% over the next five years and one can’t overlook the fact that it's less exposed to the weakening U.S. economy. Technically, along with a diminished valuation, the stock looks to have bottomed as well having bounced off its 200 day moving average of $232.45 twice in the past few days.