Time to Get Long MA Mastercard into Earnings

MasterCard Incorporated (MA) is a payments and technology company with operations around the world. The company’s stock is currently trading around $79.50 in a 52 week range of $50.74-$84.75. The stock was very strong last year with shares gaining over 54% in the past 12 months. MA is set to report their most recent quarterly earnings before the open tomorrow. Historically MA is a mixed performer on earnings having rallied 4 times and sold off 4 times on earnings day over the past 8 quarters. On average the stock moves only 2% on earnings day and market makers are currently implying a move of 3.5% by tomorrow’s expiration.  MA is still trading above the Ichimoku Cloud indicating it is in bullish territory and could have upside in the future. MA competitor, Visa Inc, announced earnings this morning and reported an increase in transaction volume. This should also bode well for MA earnings. We will look to establish a long position on the close today in MA using weekly options.

Andrew Keene


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