Mastercard (MA) - 10-24-2008
Another group of stocks to look at, credit card companies. MA, V, and AXP are all feeling the pinch from declining user spending. Even the retail benchmark, Walmart, commented on the fact that credit as a form of payment is declining a noticeable amount. I think these guys all have further to fall, as they were THAT overbought before. MA would be my favorite to short (or make bearish option plays like bear spreads) if it falls through $120. These are all just short term plays and any profits should be taken quickly, and obviously any losses should be cut off even quicker.
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