MA

MA up big today. Have not read transcript but I would wager they reaffirmed longer term targets just like V, and highlighted the resiliency of the franchise in case of a downturn. Price had gotten way cheap for a unique franchise, even if numbers were not going to be so fantastic.
I will update my model on this one and put in some bearish assumptions especially on cross border and we shall see. I will note that the company got a 5% boost from pricing - who else has pricing power? Of course that is unlikely to continue but points to the robust franchise.
Debit purchases up strongly in the US compensating for weakness in credit.
This is one of my favorites, even at $160. At $120 it was as steal
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