Home Run from Mastercard International

Mastercard International, symbol MA, crushed earnings estimates for the 3rd quarter reporting $1.42 share. Estimates were in the $1.05 ballpack. The stock gapped higher yesterday trading over 14 million shares, which is about 14 times its normal daily volume. Many analysts have speculated that the IPO Price for Mastercard ( $38/share) was too cheap. Looks like they might have been correct given its current earnings announcement and future growth potential. Today the stock is trading around $87/share, an all-time high for the company who went public around 6 months ago. Mastercard is going to be a stock to buy and hold in my opinion. This may become a "blue-chip" stock that could become a core holding in a growth portfolio. As I stated earlier, I think Mastercard trades to $100/share by next year (maybe sooner). Big mutual funds are buying this stock as well as the individual investor. I also expect a stock split announcement and that should encourage more retail investors as well.