Investing behind broad secular trends is a worthwhile strategy to undertake. Leading companies in a particular space can benefit from a rising tide as an industry continues to grow and become a larger part of the global economy. With this in mind, an extremely lucrative area to look at is digital payments.
Within this secular trend, Mastercard (NYSE: MA) is a popular ticker. The payments giant has seen its shares rise 102% over the past five years (as of this writing), crushing both the S&P 500 and the Nasdaq Composite Index during the same time. But what does the future hold? Put differently, is this blue chip stock a buy?
Here's what investors need to know.
Source Fool.com