Mastercard (MA) and Google (GOOG) are growing their international revenues as demand for their services grows along with services demand in international emerging markets at a faster pace than domestic inflationary pressures, says Wally Obermeyer, President at Obermeyer Asset Management.
“[Mastercard] is a strong U.S. company that’s well-positioned for global growth, given the tendency of so many consumers to put everything from a $3 charge at the grocery store to regular purchases, such as parking, and major purchases on their card. We think demand for electronic payments is likely to increase,” Obermeyer said.
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Obermeyer says global large caps like Google offer the international exposure to benefit from emerging market growth, along with geographical diversification for more stability.
“Another sector we like are large-cap companies with significant sales and revenue derived from overseas. For example, the last I looked, 52% of Google’s revenue was non-U.S.-derived. We like that a number of the global companies are well-diversified that way,” Obermeyer said.
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