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Here's Why MasterCard (MA) is a Strong Momentum Stock

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

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MasterCard (MA)

Founded in 1966 and headquartered in Purchase, NY, Mastercard Inc. is a leading global payment solutions company that provides an array of services in support of credit, debit, mobile, web-based and contactless payments, and other related electronic payment programs to financial institutions and other entities.

MA boasts a Momentum Style Score of B and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of MasterCard has seen some interesting price action recently; the stock is up 0.7% over the past one week and up 3% over the past four weeks. And in the last one-year period, MA has gained 33.5%. As for the stock's trading volume, 2,291,482.50 shares on average were traded over the last 20 days.

A company's earnings performance is important for momentum investors as well. For fiscal 2024, 12 analysts revised their earnings estimate higher in the last 60 days for MA, while the Zacks Consensus Estimate has increased $0.21 to $14.37 per share. MA also boasts an average earnings surprise of 3.5%.

Investors should take the time to consider MA for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Mastercard Incorporated (MA) : Free Stock Analysis Report

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Zacks Investment Research