Buy the Credit Card Companies (V, MA, DFS)

Credit Cards

It could be time to load up on shares of Visa (NYSE:V), MasterCard (NYSE:MA) and Discover (NYSE:DFS).


Bruce Harting, consumer finance analyst and managing director of Barclays Capital, told CNBC Wednesday that credit card companies are on the move. He recommends the sector, as stocks gained last week in response to the Fed's ruling on the Durbin Amendment.

"It's as much function of what they have going for them as to what they don't have," Harting said.

According to Harting, the macroeconomic numbers are starting to get better along with positive interest rates. He said consumer balance sheets have generally improved.


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