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Opinion   Independent Reports   Why credit card companies are still soaring (MA...

Why credit card companies are still soaring (MA) (V)

Dr. Steve Sjuggerud, DailyWealth
3 Comments| June 16, 2015
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Today's chart offers more good news for the U.S. economy: Credit-card companies are soaring.
Over the past few years, we've highlighted many charts that reveal an important idea: While the U.S. economy isn't booming, it can't be doing all that bad. For example, we've noted the tremendous share-price strength in super-bank Wells Fargo and American entertainment giant Disney. Add credit-card companies to that list...
Credit-card companies like MasterCard (NYSE: MA, Stock Forum) and Visa(NYSE: V, Stock Forum) act as sort of "bellwethers" for the U.S. economy. When people are spending money and paying their bills, credit-card companies make plenty of money... sending shares higher.
As you can see below, the major credit-card companies are enjoying huge, steady uptrends. Over the past month, both have set new all-time highs... and both are up more than 125% over the past three years. It's the latest proof that "things can't be all that bad" in America.
Click to enlarge


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