Companies with competitive advantages and strong cash flows can deliver market-beating returns over the long run, and are also well-positioned to capitalize during market downturns. Mastercard (NYSE: MA) operates the world's second-largest payments network, helping customers move money globally through its credit and debit cards and other payment products. Mastercard's payment network gives the company a major competitive advantage because of the network effect, meaning as the network grows, it's harder for competitors to come in and take away business.
Today's Research Daily features new research reports on 16 major stocks, including Abbott Laboratories (ABT), T-Mobile US, Inc. (TMUS) and Intuit Inc. (INTU).
Solid policies in force, competitive rates and its leadership position bodes well for Progressive's (PGR) growth.