Filed under: Newsletters, MasterCard Inc’A’ (MA), Stocks to Buy, Best Stocks for 2008

For 25 years, Steven Halpern, editor of TheStockAdvisors.com, has surveyed the leading financial newsletter advisors asking for their favorite stocks for the coming year. This article is one of 100+ ideas in the Best Stocks for 2008 report.

“My favorite conservative idea for 2008 is Mastercard (NYSE: MA),” says Bernie Schaeffer, editor of Schaeffer’s Investment Research.

“We look for stocks with strong price action, strong fundamentals and evidence of investor skepticism, with the skepticism being an indication that there is sideline buying power that can drive the stock even higher.

“Mastercard fits this profile just about perfectly. In late October, MA reported third-quarter earnings that beat Wall Street estimates by 27%, as credit card transaction growth continued to soar. The earnings report continued a trend of positive earnings surprises, as the company beat Wall Street estimates by an average of 42% in its previous three earnings reports.

“On the heels of positive earnings momentum, the stock has appreciated five-fold since its IPO in May 2006. Amid growing fears about consumer spending and a rough year for financial-related stocks, MA has shot up 113%, trouncing the S&P 500 Index’s return of 6%. Yet the company’s market cap of $27.6 billion is just a fraction of that of the troubled money center banks.

Continue reading Best Stocks for 2008: Contrarian charges up Mastercard (MA)

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This entry was posted on Tuesday, December 25th, 2007 at 10:27 am and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.