MasterCard: The Struggle To Break $100
MasterCard reported mixed Q1 results on surging costs.
The stock continues struggling to trade above $100 as surging incentives stall earnings growth.
The risk remains to the downside though the history is that investors are willing to overpay for the sector.
Before the open, MasterCard (NYSE:MA) reported that Q1 earnings declined from last year but beat analyst estimates. The reason to like the company remains intact, but the reason to own the stock is still questionable.
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