Mastercard Up 11.6% YTD: Is It Worth Buying the Stock Right Now?

Mastercard Incorporated (MA) stock gained 11.6% in the year-to-date period compared with the industry’s 7.3% rise and the broader sector’s rally of 7.5%. However, it underperformed the S&P 500 Index’s rise of 13.3%. MA is trading above its 50-day and 200-day moving averages, indicating solid upward momentum.The company’s increasing cross-border volumes, coupled with resilient consumer spending and diversification with value-added services, have been supporting the stock. Strong purchase volume growth in Eur ...