Below is a chart and brief excerpt from today's Early Look written by Financials analyst Drago Malesevic.
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With inflation remaining in focus, we continue to favor the payments sector for the globally diversified and real-time inflation-hedged nature of revenues, particularly the open-loop card networks Visa (V) and Mastercard (MA) which have sold-off in the past few weeks on concerns over the delta variant. Both V and MA have excellent track records under economic regimes characterized by decelerating growth and accelerating inflation. Just take a look at the charts of the day. |
