Start the conversation
Comment on This Story
Or to contact Money Morning Customer Service, click here.
MasterCard Inc. (NYSE: MA) closed a massive deal this week. If you missed the news, don't worry - it's not too late to profit.
MasterCard announced Tuesday that it was buying fintech firm Finicity for $825 million. Finicity is a data aggregator that helps companies make faster consumer financial decisions.
The firm focuses on things like credit decisions, financial transaction data, and account verification.
MasterCard has been going through a significant shift in the last few years, focusing on technology that offers assistance with making faster and better decisions.
Now, an $825 million deal isn't a massive deal when it comes to a company the size of MasterCard.
But that's not what's important. What matters to me - and for your profits - is the message this sends...
Where's the Money?
Like I said above, the price sticker on this deal isn't what caught my attention.
But the meaning behind this deal is priceless.
You see, this deal is a significant indication of the direction that MA is pushing toward.
And truthfully, I like the trajectory the company is on right now.
I also like the performance the stock has given over 2020.
MasterCard is posting some rare numbers...
It's one of the top 29% of the S&P 500 that are up since the beginning of 2020.
And when you look back at previous investing environments plagued by a crisis like we're seeing now, stocks with positive six-month relative strength saw a 78.4% chance of delivering a nice return in the months to come.
So, needless to say, MA has caught my eye...
How Can I Get Some?
About the Author
Andrew Keene is a globally known trader and a renowned expert on all things options.
