Could Mastercard Be a Millionaire-Maker Stock?
Our experts issued a rare "Double Down" Buy alert on this one stock... Learn more.
Shares of traditional digital payment network operator Mastercard (NYSE: MA) have mounted a comeback since plunging in the early days of the coronavirus pandemic. Although its revenue and net income have fallen off because of the disruption in consumer spending, the stock is up 11% year to date at Monday afternoon's prices.
Further, Mastercard has more good days ahead of it. Investors shouldn't expect it to be a millionaire-maker stock all on its own since it's such a large enterprise already, but the company is a good place to start if you're looking to invest in the premise of a gradual rebuilding of the global economy once the threat of COVID-19 recedes. It's also a solid way to profit from the general migration away from cash.
Source Fool.com
