V - Why Mastercard Stock Could Continue to Rise Despite Predicted Economic Slowdown
It's been quite the climb up the charts this year for Mastercard (NYSE: MA), as the company has seen its stock price increase more than 40%. From a $189.74 price at the beginning of 2019, the company was trading at $271.19 at the closing bell on September 24. The company's stock is outpacing the S&P 500 almost two-to-one in 2019, and it's grown a remarkable 1,120% since the beginning of 2011.
Mastercard, one of the world's largest payment processing companies, has benefited tremendously from a growing U.S. economy as well as a shift in consumer trends from spending cash to swiping cards -- and, more recently, to mobile payments.
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