MasterCard (MA) – Payments Slips – November 13th, 2020

The bearish DailyPlay for Friday, November 13th is MasterCard (MA). MA has declined 4.20% in the last month and 1M and 6M trends turned mildly bullish and neutral yesterday.  

Fundamental View

  • 14% revenue decline YoY paints a disappointing figure for card spend after a strong year. 
  • Reduction of 4% in expenses did not offset the larger decline in revenues
  • Earnings Jan 28th 2021 (77 days)

Technical View

  • Vaccine optimism failed to break above $350 resistance
  • Weak relative strength score (4 out of 10)
  • Both 1M and 6M trends are neutral and starting to turn lower

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