Buy V, good defensive stock.
$Visa(V)$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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- BenjiFuji·2022-07-18Thanks. How does V fair vs Mastercard and AMEX?1Report
- RXU·2022-07-18on 1 hand good but the inflation is killin [Anger]4Report
- LWKJKK·2022-07-18[smile]agreed3Report
- ramondk·2022-07-18Good to hold for long term3Report
- Lionel8383·2022-07-18Yes inflation benefits Visa and Mastercard1Report
- Clarence1700·2022-07-18Thanks 4 sharing.3Report
- psk·2022-07-18thanks for sharing2Report
- kimmy1234go·2022-07-18Good to share!!1Report
- GerryLoh·2022-07-18good sharing thanks1Report
- Mia foong·2022-07-18Thanks for sharing1Report
- Asphen·2022-07-18wait for pull back to 1841Report
- CharlesW·2022-07-18Visa over the long term has been rising.1Report
- Trainman·2022-07-18more spending power1Report
- Mungerism·2022-07-18Thanks for your insights1Report
- EvanHolt·2022-07-20What good words, I learned a lot.LikeReport
- SPGoh·2022-07-19Positive outlookLikeReport
- Porkfat·2022-07-19[Smile]LikeReport
- Pixiu88·2022-07-19👌👍LikeReport
- lewisleeks·2022-07-19LikeLikeReport
- SuperDizzyy·2022-07-19GdLikeReport