Mastercard Stock Extends Gains on Bull Note

Options look attractive right now, too

Managing Editor
Dec 11, 2019 at 9:38 AM
facebook X logo linkedin


Credit and debit card name Mastercard Inc (NYSE:MA) is buzzing this morning, fresh off a bull note from SunTrust Robinson, and news it has begun testing its new digital service that can immediately and securely mark a person's identity in the physical or virtual realm. SunTrust hiked its price target to $340 from $325, marking a 17.8% upside to last night's close. This morning, the stock is trading up 0.3% at $289.50 in response.

Mastercard stock has been surrounded in bull notes this year, sporting 21 "buy" or better ratings coming into today, with zero "sell" ratings on the books. Plus, the stock's average consensus 12-month price target of $313.89 stands roughly 8% above current trading levels.

Now looks to be an affordable time to speculate on Mastercard stock with options. This is per the equity's Schaeffer's Volatility Index (SVI) of 19%, which ranks in the 15th percentile of its annual range. This indicates that short-term options have priced in lower volatility expectations just 15% of the time in the last year.

MA has been on a consistent -- and impressive -- climb higher since its public trading debut back in 2006. MA's most recent pullback was caught by its 160-day moving average, guiding the equity to its now 52% year-to-date gain.

 

 

*SPONSORED CONTENT*

How to collect 1 dividend check every day for LIFE

Did you know you could collect 1 dividend check every day the market is open? You could also do it starting with just $605! For me, I'm collecting 70 dividend checks every quarter…which averages around 1.1 dividend checks every business day. There's no trading behind this... no penny stocks or high-risk investments. All you do is buy and hold and you're set. There's no set up required either. If you start buying the dividend stocks I show you today... you could collect 1 dividend per day starting as early as this week. Click here for all the details.

*SPONSORED CONTENT*