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Adding to MA

Trader Mark is adding to MA after previously selling part of his fund’s position. 

Bookkeeping: Adding to Mastercard (MA)

Got my wish for some weakness in Mastercard (MA) stock post earnings, so added some this morning in the $240s. I haven’t had time to look at the earnings but whatever the fuss is (I am sure it’s a "slowdown" of one sort or another) I am ok with for the long term. I am not adding a ton here because this was a gap down in the chart, and there is better support in the $220s, but since we cut this name back sharply from our portfolio I’m willing to begin to layer back in with today’s 10%ish haircut. We bought in the mid to low $240s and have taken our stake up from 0.8% to 1.4%.

I’ll edit this post later in the day with some earnings commentary. But essentially everything I said for Visa (V) last night applies to Mastercard (MA).

Long Mastercard in fund; no personal position

 

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