MA, V, AXP: What Credit Card Stocks Tell Us About The Consumer

<p>Mastercard (MA) reports earnings tomorrow, July 28th, premarket. Stephen Biggar discusses credit card stocks. He talks about how MA 2Q card-member spending is up 30% on a currency-adjusted basis, and it added 3.2M new proprietary cards in 2Q. He also talks about the outlook for other credit card companies Visa (V) and American Express (AXP). He then goes over what credit card company earnings tell us about the state of the consumer. Tune in to find out more.</p><p><br></p>