Master of Its Domain?

Last November I mentioned that I liked Mastercard, symbol MA, before its last earnings release. The stock was trading in the 80's at that time and I suggested a run up to $100 was very possible. Well, it closed around $110 last Friday. So what's next? Mastercard is reporting its 4th Quarter Earnings this Friday, February 9. The analyst estimates are around $.17/share. Forget about that number. They will crush it more than likely. Just like Google and Apple, I see a big upside in the earnings for Mastercard. The fourth quarter of the year is when most people use their credit cards. Also, Bank of America has already reported a 17% in its credit card business. Well, Mastercard is their biggest client. New studies have shown that the savings rates for Americans is the lowest since the Great Depression. This to me implies that people spent and lot more than they made last Christmas( go figure!) via the good ol' credit card. Prudential raised its price target on Mastercard to $130 and Jim Cramer says $160 is the right value for the stock. I think somewhere in between is a good estimate $145-ish). Friday's earnings will play a big role as to where the stock is heading this year. If the numbers arent stellar, the stock will have a serious correction. However, I would buy the stock on a 10-20% correction. As I mentioned earlier, I think this stock is a core holding for a growth portfolio. GO BEARS !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!