5 Best Stocks to Buy for the Next 3 Months

In this article, we will be taking a look at the top 5 stocks to buy for the next 3 months. To go through our detailed analysis of changing stock market dynamics today, you can go directly to see the 11 Best Stocks to Buy for the Next 3 Months.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 167

Headquartered in San Francisco, California, Visa Inc. (NYSE:V) is a multinational financial services corporation specializing in global electronic funds transfers. Its primary instruments include Visa-branded credit cards, debit cards, and prepaid cards. Recognized as one of the most valuable companies globally, Visa Inc. (NYSE:V) presently provides a quarterly dividend of $0.52 per share, translating to a dividend yield of 0.82% as of November 23.

According to Insider Monkey’s data as of the end of the third quarter of 2023, a total of 167 hedge funds held positions in Visa Inc. (NYSE:V), a slight decrease from the 171 in the previous quarter. The combined value of these stakes exceeds $24.4 billion. At the close of Q3 2023, Chris Hohn’s TCI Fund Management proved to be the leading shareholder, owning roughly 16.78 million shares in Visa Inc. (NYSE:V), worth nearly $3.86 billion.

Ensemble Capital Management made the following comment about Visa Inc. (NYSE:V) in its Q3 2023 investor letter:

“Mastercard is a company that pretty much everyone has heard of. In fact, when we meet with Ensemble’s clients, we occasionally tell them that we’re nearly certain that they are carrying a Mastercard in their wallet or purse as we speak, and if not, they are carrying a Visa Inc. (NYSE:V). Most people carry both.

People carry Mastercard and Visa because they are accepted nearly everywhere in developed markets. And they are accepted in most emerging economies, at least at locations where higher income people spend money. As a shopper you can show up at a bodega in Peru, a high end hotel in Tokyo, a truck stop in Alabama, or an ice cream cart in Milan, show them a piece of plastic and they’ll let you walk away with goods and services without any worry that they aren’t going to get paid…” (Click here to read the full text)