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Mastercard Inc. (MA-NYSE, $185.99) Reports for 1st Quarter Ended March 31st, 2018. A Huge Beat on All Measures.

Mastercard generated earnings of $1.41 per share, roughly 13% above median analyst estimates of $1.25 per share and a full 41% above 2017 first quarter results. The company increased spending rates significantly in 2018; the implication is that the groundwork

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Visa Inc. (V-NYSE, $126.01) EBITDA Margins Exceeded 70% for the Quarter Ended March 31st, 2018.

Any company capable of producing such a margin, in a globally competitive market, clearly, operates with monopoly pricing in its favor. https://www.sec.gov/Archives/edgar/data/1403161/000140316118000020/v33118form10q.htm https://finance.yahoo.com/news/edited-transcript-v-earnings-conference-082346299.html

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HNA Infrastructure (0357-HKSE, $11.38) Potential Beneficiary of China Stimulus Program at Hainan Province.

https://finance.yahoo.com/news/chinas-hawaii-gets-boost-xi-160001393.html

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Portfolio Return of 4.2% for the 1st Quarter Ended 03/31/2018.

The large cap global portfolio closed out the first quarter of 2018 with an NAV of $215.14 USD. This compares to the NAV of $206.39 at the close of the prior quarter and results in a first quarter return of

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HNA Infrastructure Company Ltd (0357-HKSE, $8.31) Reports a 19.9% Increase in Revenues for 2017.

In 2017, HNA reported total passenger traffic at the Haikou Meilan Airport of 22.56 million persons. The 2017 passenger throughput grew by 20.11% as compared to 2016. Net earnings grew by 22.9% in 2017 and EPS was reported at $.162

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