MasterCard: Driven by Global Growth

The market saw a major change yesterday. The eight dollar pull back in the price of oil looks to have at least set its price to trade between the $100 and $110 mark. This is only speculation as a new trading pattern has not established itself. If we were to listen to many of the energy experts, as with T. Boone Pickens, the $100 bottom is almost here. With that said, it should stimulate some growth in the US stock market as the dollar should strengthen somewhat and although there is a global slowdown, generally speaking US stocks should see upside going forward. It is even much more bearish for oil since this happened during hurricane season.

One of the best stocks in the stock universe is MasterCard (MA). I made a call on MA on theupdown.com six months ago and have seen a pop of 25.71%. I like the stock here as it has seen a sell-off since its highs of $320 a share.