|Bid||0.00 x 40000|
|Ask||0.00 x 37000|
|Day's range||85.81 - 87.21|
|52-week range||69.12 - 87.50|
|PE ratio (TTM)||42.82|
|Dividend & yield||0.66 (0.84%)|
|1y target est||N/A|
Consumer spending in the United States, which accounts for more than two-thirds of nationwide economic activity, has been on an upswing, supported by a tightening labor market and cooling inflation. Purchase, New York-based Mastercard, like its bigger rival Visa Inc, generates revenue by facilitating credit- and debit-card transactions and both their revenue streams are closely linked to consumer spending power. Mastercard also benefited from consumer spending outside the United States, with its cross-border volumes — the value of transactions made by overseas card-holders — rising 14 percent on a local currency basis in the second quarter ended June 30.
Big tech stocks are up almost 23% this year, their best showing since right after the financial crisis.
A top fund manager looks at return on assets to pick winners as the economy slows