5 Best Crypto Stocks To Buy Now

1. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 146      

Mizuho analyst Dan Dolev has a Buy rating on Mastercard Incorporated (NYSE: MA) stock with a price target of $400. The analyst believes that Mastercard Incorporated (NYSE:MA) will perform better than peers in the payments sector in 2022 because of “more agility in terms of trends like crypto” and “out-of-the-box thinking” that was driving margin upsides. Mastercard Incorporated (NYSE:MA) already allows users to use digital coins Mastercard products. 

Hedge funds are bullish on Mastercard Incorporated (NYSE:MA) for 2022. Virginia-based investment firm Akre Capital Management is a leading shareholder in Mastercard Incorporated (NYSE:MA) with 5.8 million shares worth more than $2 billion. 

In its Q4 2020 investor letter, Bretton Fund, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE:MA) was one of them. Here is what the fund said:

“While consumers resumed much of their spending by summer, what and how they used their Visas and Mastercards changed. For obvious reasons, people shifted to contactless payments—one of the Covid-era changes we think is permanent—and replaced travel purchases with online shopping and food delivery. Consumers spent more on their debit cards and less on their credit cards; Visa and Mastercard make more per transaction on the latter. They also make more on cross-border transactions that come mostly from international travel, which ground to a halt early in the pandemic. Visa’s and Mastercard’s earnings per share fell by 7% and 16%, respectively, compared to their usual mid-teens growth. We’re not too worried, and we think they’ll catch up nicely in the post-vaccine world. Visa’s stock returned 17.1% and Mastercard’s 20.2%.”

You can also take a peek at 10 Best Healthcare Dividend Stocks to Buy Now and 10 Dividend Stocks with Over 20 Years of Dividend Increases.

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