Mastercard’s Stock Journey – Breaking Through The $400 Barrier And Setting The Stage For A Potential Bullish Trend

Published

2 years ago

August 3, 2023

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Mastercard's stock price has reached unprecedented heights, surpassing its previous all-time high and breaking through the $400 psychological barrier. Since its public trading debut in May 2006, Mastercard's stock has seen a consistently bullish trajectory, climbing over 9000%.

Mastercard Inc MA stock price advances to record-breaking levels, surpassing its previous all-time high.

After a two-year anticipation, investors are witnessing a significant milestone as Mastercard confidently exceeds the psychological barrier of $400.

Price reached an astounding high of $401.50 in April 2021. Almost a year later, in February 2022, it came incredibly close to surpassing this record, reaching a peak of $399.92.

However, despite its effort, it lacked the necessary momentum to break through until now.

Mastercard's stock has experienced a consistently positive trajectory since it was first publicly traded in May 2006.

Incredibly, the stock has skyrocketed by over 9000% from the initial trading date to its peak in April 2021.

After this significant climb, the stock experienced a long period of consolidation and lost momentum, causing it to drop to $276.87 in October 2022.

However, a recent surge has led to a significant recovery, placing the stock in the spotlight.

It's important to note, though, that the stock has yet to close above its previous all-time high. A confirmation of a breakout will occur if it closes above this level.

The breakout has achieved something remarkable by surpassing the $400 barrier, which holds psychological significance for investors.

However, it is worth noting that the stock may encounter difficulties as it continues to progress beyond this level, and there is a potential risk of a false breakout, causing it to return back into the consolidation zone.

Despite recent challenges, Mastercard's proven track record gives reason for optimism.

There is anticipation for a promising upward trend to take shape once bullish signs are confirmed.

This positive trajectory could have a transformative impact on Mastercard and provide lucrative opportunities for investors, signaling potential growth ahead.

After the closing bell on Wednesday, July 12, the stock closed at $400.69, trading up by 0.73%.

Politics

The evolution of crypto payments and what lies ahead

Published

12 mins ago

February 7, 2025

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The evolution of crypto payments and what lies ahead

From Bitcoin to stablecoins, what’s next for digital currency? Stablecoins will continue to play a fundamental role in crypto payments, and their important role will only grow.

Technology

Trump delays cancellation of de minimis trade exemption targeting China imports

Published

34 mins ago

February 7, 2025

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Trump delays cancellation of de minimis trade exemption targeting China imports

Employees package and sort express parcels at an e-commerce company on Nov. 1, 2024, around the Double 11 Shopping Festival in Lianyungang, Jiangsu Province of China.

Vcg | Visual China Group | Getty Images

President Donald Trump signed an executive order on Friday that puts a pause on his closing of the de minimis trade exemption, a provision commonly used by Chinese e-commerce companies Temu and Shein.

The order states that de minimis will be restored for small packages shipped from China, “but shall cease to be available for such articles upon notification by the Secretary of Commerce to the President that adequate systems are in place to fully and expediently process and collect tariff revenue” on those items.

Trump on Saturday suspended the exemption as part of new tariffs that include an additional 10% tax on Chinese goods. The nearly century-old exception, known as de minimis, has been used by many e-commerce companies to send goods worth less than $800 into the U.S. duty-free, creating a competitive advantage.

It was predicted that its removal could overwhelm U.S. Customs and Border Protection employees, as the mountain of low-value shipments already making their way into the U.S. would suddenly require formal processing.

De minimis has helped fuel an explosion in cheap goods being shipped from China into the U.S. CBP has said it processed more than 1.3 billion de minimis shipments in 2024. A 2023 report from the House Select Committee on the Chinese Communist Party found that Temu and Shein are “likely responsible” for more than 30% of de minimis shipments into the U.S., and “likely nearly half” of all de minimis shipments originate from China.

Critics of the de minimis provision say it’s provided an unfair advantage to Chinese e-commerce companies, and created an influx of packages that are “subject to minimal documentation and inspection,” raising concerns around counterfeit and unsafe goods.

The Biden administration proposed a new rule last September to curb the “overuse and abuse” of de minimis. The rule proposes to strengthen the CBP’s information collection requirements for de minimis shipments.

Environment

Tesla increases Model X price, brings back incentive Elon Musk said was ‘not coming back’

Published

1 hour ago

February 7, 2025

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Tesla increases Model X price, brings back incentive Elon Musk said was 'not coming back'

Tesla has increased Model X prices and brought back an incentive that CEO Elon Musk said was unsustainable and “not coming back to any vehicles.”

Today, Tesla updated its Model X configurator in the US to raise the prices of the electric SUV by $5,000.

The new prices are $84,990 for the Long Range version and $99,990 for the Plaid version:

The price increase means the Model X ino longer qualifies for the $7,500 Federal EV tax credit as it now exceeds the $80,000 price cap for electric SUVs.

But with the price increase, Tesla is ramping up the incentives.

Tesla brings the price down by $1,000 with a referral code, it gives one option for free if you buy the Full Self-Driving package, and it is bringing pack “free Supercharing for life.”

The latter, Tesla stopped offering because CEO Elon Musk said it was unsustainable.

Back in 2020, the CEO said that it will “not come back to any [Tesla] vehicles”:

“Just us being fools, but free Supercharging forever is not coming back to any vehicles. It’s not a good incentive structure.”

However, it did bring it back last year as an “end-of-the-year incentive.”

But now, Tesla is bringing it back for Model S and Model X, and it applies to orders from the US, Canada, Puerto Rico, Europe and Middle East.

Tesla has made some changes to the program. Instead of being linked to the vehicle, meaning free Supercharging would remain if you sell it, it is now attached to your Tesla account.

The automaker also says that it doesn’t apply to vehicles used for commercial purposes:

“Customers who purchase or lease a new Model X are eligible for free Supercharging during your ownership of the vehicle. Offer is tied to your Tesla Account and cannot be transferred to another vehicle, person or order, even in the case of ownership transfer. Used vehicles, business orders and vehicles used for commercial purposes (like taxi, rideshare and delivery services) are excluded from this promotion.”

However, Tesla also said that the last time, but it is hard to enforce.

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