Today’s note highlights two stocks, Mastercard (MA) and Visa (V) that are timely technical ideas. They are a good way to straddle the two key areas of the equity market, growth and cyclicals that Tom Lee, Brian Rauscher and myself, have been encouraging investors to build exposure to as part of a barbell portfolio.

The first side of the barbell are secular growers that do very well in most economic environments. Many have moats around their businesses that make it tough to compete with, others are growing by disrupting entire industries, while others are developing completely new products that never existed in the past. We at Fundstrat recommend investors maintain exposure to these stocks which were leaders heading into the pandemic and only strengthened their lead during the recent crisis.

The second group are cyclical growers, such as industrials, materials, energy, consumer discretionary and select financials, that are sensitive to the ebb and flow of the underlying economic cycle and were sold off aggressively during the March decline. Understandably, cyclicals are some of the toughest stocks for investors to buy given the weak and uncertain economic backdrop. However, as Tom, Brian and I have highlighted regularly in our notes, there is evidence these stocks are inc...

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