Visa & Mastercard: Durable and Benefiting from Secular Tailwinds

Visa (V) and Mastercard (MA) are world-class companies that enjoy double-digit revenue growth and widening margins that help drive price performance for the S&P 500 Financials sector (top-5 constituents) and the S&P 500 (top-20). CFRA believes Visa and Mastercard are well positioned amid a potential slower economic backdrop in 2024, as they are seeing strong network transaction growth, and both companies are relatively agnostic to consumer spending preferences.