We are upgrading Mastercard (MA) in our portfolio even though many others will downgrade this play. A ruling from the EU is expected soon that will depress profits as Mastercard will be forced to cut back on some fees on European transactions. The fundamentals have not changed and these fees are a redundant charge (the very reason they are expected to be ruled unfair) for what is ultimately a low risk (fees on bank to bank transfers which cover the risk of insufficient funds.) This coming bad news will not expose Mastercard and all of these scenarios assume a ruling against Mastercard, which is not guaranteed.
Use of the above financial advice is at your own risk and should not be done without your own research.