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Stock impact report

Mastercard: Poised To Thrive In An Increasingly Cashless Society [Seeking Alpha]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Seeking Alpha
SummaryMastercard could see short-term downside as consumer spending dips in a recessionary environment.However, online sales remain strong and Mastercard has a strong foothold in this market.Notwithstanding some short-term downside, I take a long-term bullish view on this company.Back in August, I had made theargumentMAOf course, this had been before the outbreak of the COVID-19 pandemic, when the economy was in a significantly stronger position than it is now. Mastercard did initially see a big plunge down to $200 before reverting to $245 at the time of writing.Source: investing.comIn the short to medium term, there is the possibility that the stock may stand to decline further as a result of market contagion and fears over future economic growth.With that being said, there are a number of reasons why I believe Mastercard is a business that will withstand economic pressures going forward, and for these reasons I do not intend on selling my shares any time soon.Industry OutlookWith M Show less Read more
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