The first non-tech stock in my list of stocks I love is payment processor Mastercard (MA). The position has gained 120% since I entered it, and I remain very bullish on both MA and the overall credit card sector. The economy remains strong, unemployment is low, and in 2017 the average balance held on a credit card hit a record high in the U.S. Mastercard has grown its earnings by 14.9% a year over the last five years, which is great, but analysts see even stronger growth moving forward, forecasting average annual earnings growth of 21.5% for the next five years. MA trades at $191.50 with an average price target of $199.95
Disclaimer: As of the time of writing, the author holds a long position in this stock.
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