Buy V, good defensive stock.

PJoo
2022-07-17

$Visa(V)$is down 9% on the year and 20% below its 52-week high of $252.67. I bought a year back and with good dividend consistently above 0.7% I find it solid compared to banking or tech. 

Key reasons

1. More are moving to cashless society

2. Not impacted by inflation

3. Covid defensive stock 

4. New exploration on Cloud transactions 

5. Future growth in Metaverse concepts

All in all, I forsee another potential 30% upside easily from the current price. I can't tell how the inflation situation will be and impact to tech. V has a good mix and poise for long term upside comparing to others $DJIA(.DJI)$$S&P 500(.SPX)$

Have a good day! 


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Comments

  • BenjiFuji
    2022-07-18
    BenjiFuji
    Thanks. How does V fair vs Mastercard and AMEX?
    • BenjiFujiReplyPJoo:Ā 
      Thanks [Strong]
    • PJoo:Ā 
      V and M both equally have their strategies. Amex is not widely used
  • RXU
    2022-07-18
    RXU
    on 1 hand good but the inflation is killin [Anger]
  • LWKJKK
    2022-07-18
    LWKJKK
    [smile]agreed
  • ramondk
    2022-07-18
    ramondk
    Good to hold for long term
  • Lionel8383
    2022-07-18
    Lionel8383
    Yes inflation benefits Visa and Mastercard
  • Clarence1700
    2022-07-18
    Clarence1700
    Thanks 4 sharing.
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