2 Wide-Moat Stocks Trading Less Than 10% Below Their 52-Week Highs: Can They Double a $10,000 Investment in 5 Years?
These leading payments enterprises have lagged the overall market in the past half-decade.
Overview
When businesses have been great for so long by doing the same things that they've always done, the investment community can start taking them for granted. This might be the case with Visa (NYSE: V) and Mastercard (NYSE: MA).
They are undeniably two of the most remarkable companies on the face of the planet. And anytime their share prices dip, which can happen for any reason, investors would do well to examine these businesses more closely.
Details
These two wide-moat stocks are each trading at less than 10% below their 52-week highs (as of Sept. 18). If you invest $5,000 in equal weights between Visa and Mastercard right now, will that allocation double in five years?
Source
Originally published at www.fool.com.
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