10 Best Spring Stocks To Buy Now

Page 10 of 10

1. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 131    

Mastercard Incorporated (NYSE:MA) is a technology company that provides transaction processing and other payment-related products and services. In December last year, the company completed its $2.65 billion acquisition of Recorded Future, a threat intelligence firm, which would strengthen its fraud protection capabilities in response to the growing prevalence of online commerce and AI. According to preliminary insights from Mastercard SpendingPulse, US retail sales, excluding automotive, increased 3.8% year-over-year from November 1 through December 24. These strong retail sales suggest economic stability, positive business performance, and potential revenue growth for major retailers.

While we acknowledge the potential of Mastercard Incorporated (NYSE:MA) as an investment, our conviction lies in the belief that some stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for a stock that is more promising than Mastercard Incorporated (NYSE:MA) but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 10 of 10