Generation Investment, chaired by former Vice President Al Gore, bought Applied Materials stock, and sold Salesforce, Mastercard, and Schwab stock in the...
The investment firm co-founded and chaired by former Vice President Al Gore made significant changes in its U.S.-traded investments.
Salesforce stock also hasn’t fully bounced back from a 48% decline in 2022. Shares rose 59% in the first half of 2023, and are down 3% so far in the third quarter. Newsletter Sign-up Mastercard’s earnings reports this year have been strong, helping the stock rise to a record intraday high of $405.19 on July 27, the day it reported second-quarter numbers. Consumer spending has remained strong despite inflation and rising rates. Barron’s believes Mastercard stock, and that of rival Visa , may be undervalued.
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