5 Best Stocks To Buy Before Recessions

4. Visa Inc (NYSE:V)

Number of Hedge Fund Investors: 167

Visa Inc (NYSE:V) continues to thrive even during recession because Visa Inc (NYSE:V) is the backbone of a major chunk of financial transactions taking place in the world. Visa Inc (NYSE:V) is also a dividend payer, with 15 years of consistent dividend increases.

In its October 2023 investor letter, Lakehouse Capital stated the following regarding Visa Inc. (NYSE:V):

“Visa Inc. (NYSE:V) reported a strong result with net revenue increasing 11% year-on-year to $8.6 billion and non-GAAP earnings per share increasing by 21% to $2.33. As has been the case for many years now, the scalable nature of the business allows for revenue growth to outpace its costs, which places the company in a good position to navigate through this inflationary period. The network continues to grow, with credentials and merchant locations up 7% and 17%, respectively. Cross-border travel-related spend also maintained its robust growth, increasing 26% year-on-year while Visa Direct reported 7.5 billion transactions, up 19% yearon-year, progressing on penetrating categories such as cross-border remittances. Altogether, we’re pleased with how the business is tracking and remain positive on Visa’s outlook.”