Joseph Carlson After Hours on $MA (Nov 4, 2026)
MA is his largest position; it rose 3%, a smaller gain but still beating all major indices. He sees MA as an enduring consumer-facing business with billions of customers, unlike cyclical memory-chip makers whose demand cools after influxes.
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We have Mastercard moving up big.
We have right here Mastercard up 3%. Smaller gain from Mastercard but still beating out all the major indices and it's my largest position. So this is really bumping up the portfolio.
When I evaluate companies like Mastercard or Amazon and I put them against SanDisk or Micron Technologies, it's true that right now SanDisk and Micron Technologies are making astronomical amounts of money.
So any bulls on those companies will point to their demand to how much money they're making today, how much cash flow they're making today. But if you pull up a longer chart, you see that they go through huge influxes of demand and then it cools off for a period.
Now, we don't know when that cooling off will happen. But what I do know is that these business models that have the consumer that have billions of customers on every single product that they release, these ones have a very enduring business model.
They're subscriptionbased, advertising based. When you use AWS, it's on a recurring basis. It grows year after year after year.
What this channel has said about $MA
Joseph Carlson After Hours has 5 calls on this stock; only the adjacent ones are shown.