During the July 21 episode of CNBC’s Mad Money, host Jim Cramer reviewed Mastercard Incorporated (NYSE:MA) using options trader Bob Lang’s analysis of the daily chart of the stock.
Pointing to the company as a premier vehicle for investors seeking to rebalance away from pure tech without sacrificing growth or high-margin processing power, Cramer highlighted its market share and recent price action: I want to talk about the next chart, which is one of my absolute favorites
Michael Miebach runs it. It’s Mastercard, MA, second most commonly used credit card. 25 to 30% of cardholders have one. Again, you can see that the stock’s gone crazy in the last few weeks.
Bouncing like mad off of its June lows. Although, unlike Visa, it still hasn’t taken out its January highs. This is what I mean, by the way, when I say you need to diversify away from some of your tech.