Payment Stocks Are Poised for a Sunny 2019
- Mastercard, Visa, and PayPal dubbed ‘MVP’s of payments stocks
- Amazon payments service seen as ‘manageable threat’ to PayPal
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Not even a potential economic downturn is stopping U.S. consumers and savvy millennials from shifting more to phone-assisted payments in the coming year.
There is a general consensus on Wall Street that payment stocks can weather a slowdown. Even Goldman Sachs analysts, who are taking a more defensive posture on stock selection within payments and IT services, expect lower unemployment and wage increases to drive growth in consumer spending.