The stock market slipped on Tuesday as NVIDIA (NVDA) led a tech decline ahead of its earnings report. Such could be a potential turning points as investors are expecting impressive results from the company.
Overall, S&P 500 decreased 0.6% to 4,976, while NASDAQ was down 0.9% to 15,631.
Tweet of the Day
SMCI has all the signs of a climatic top: Yesterday the largest price move on biggest volume, three gaps in a row. Last to occur, should be a higher opening closing lower. This could mark a top in this sector.
— David Ryan (@dryan310) February 16, 2024
Chart of the Day
Here is the ten-year chart of Mastercard (MA) as of February 6, 2024, when the stock was at $461.
Mastercard’s (MA) reported strong earnings and revenue growth last quarter driven by healthy consumer spending. Overall, the company delivered 20% profit growth on 13% revenue growth. Those are very good figures. Payment network revenue increased 9% year-over-year. Management stated that labor market is strong with low unemployment and rising wages. Mastercard is using advanced payment technologies to gain higher security, simplicity and speed.
MA is part of the Conservative Portfolio and Growth Portfolio. has a lot of great traits, including a double-digit growth rate, a rising dividend, a stock buyback program and a stable business that churns out growth.
