5 Best Tech Stocks to Buy According to GuardCap Asset Management

In this article, we will be taking a look at the 5 best tech stocks to buy now according to GuardCap Asset Management. To read our detailed analysis of GuardCap Asset Management’s profile, investment strategy, risk/reward, and methodology of this list, you can go to see the 10 Best Tech Stocks to Buy According to GuardCap Asset Management.

5. Mastercard Inc (NYSE:MA)

GuardCap Asset Management’s Stake Value: $521,974,000

Percentage of GuardCap Asset Management’s 13F Portfolio: 8.01%

Mastercard Inc (NYSE:MA) is a global technology company focused on the payments industry that connects consumers, financial institutions, merchants, governments, digital partners, businesses and other organizations worldwide, enabling them to use electronic forms of payment instead of cash and checks. Mastercard Inc (NYSE:MA) reported 968 million consumer credit cards, 1.5 billion consumer debit and prepaid cards, and 111 million commercial credit and debit cards in issuance as of December 31, 2022.

In the second quarter, GuardCap Asset Management owned 1,654,540 shares of Mastercard Inc (NYSE:MA), making up 8.01% of the investment manger’s 13F portfolio. Its stake decreased by 2% in Q2 2022, compared to the previous quarter.

Mastercard Inc (NYSE:MA) released its financial results for Q2 2022 earlier this year in July. Net revenue increased by 11% y-o-y to $5.5 billion, while net earnings increased by 10% y-o-y to $ 2.3 billion. The company also reported an EPS of $2.56, beating the consensus by $0.20.

Although shares of Mastercard Inc (NYSE:MA) are down over 10% year to date, they could have upside if the economy doesn’t enter into a recession.