5 Best Stocks to Buy Now According to Billionaire Ken Fisher

Page 1 of 5

In this article, we discuss 5 stocks to buy according to billionaire Ken Fisher. If you want to read our detailed analysis of Fisher’s investment philosophy and performance, go directly to the 10 Best Stocks to Buy Now According to Billionaire Ken Fisher.

5. Visa Inc. (NYSE:V)

Fisher Asset Management’s Stake Value: $2.68 billion

Percentage of  Fisher Asset Management’s 13F Portfolio: 1.89%

Number of Hedge Fund Holders: 166

Visa Inc. (NYSE:V) is an American multinational financial services corporation that facilitates electronic funds transfers throughout the world. As of Q2 2022, Fisher Asset Management owned about 13.6 million Visa Inc. (NYSE:V) shares, worth $2.68 billion, representing 1.89% of the value of the fund’s 13F securities.

Earlier this July, Mizuho analyst Dan Dolev raised the price target on Visa Inc. (NYSE:V) to $220 from $215 and kept a ‘Neutral’ rating on the shares of the company. According to Dolev, U.S. debit growth was stronger at Visa Inc. (NYSE:V) in Q2, which led to a divergence in growth in favor of the company.

Among the hedge funds tracked by Insider Monkey, Chris Hohn’s TCI Fund Management is the leading position holder in Visa Inc. (NYSE:V), with almost 20 million shares worth around $4 billion. Overall, Visa Inc. (NYSE:V) was found in 166 hedge funds’ portfolios at the end of Q2 2022, compared to 159 funds in the prior quarter.

Here is what Polen Global Growth Fund had to say about Visa Inc. (NYSE:V) in its Q1 2022 investor letter:

“We added to both Visa and Mastercard during the final quarters of 2021, based on the belief that both businesses were trading at attractive prices and poised to deliver, double-digit returns over the next three to five years. Cross-border transactions–a highly profitable business segment for both companies–represent roughly 10% of Visa and Mastercard’s volumes and 25% of their gross revenues, so lockdowns have severely impacted this segment due to stifled travel. While it was impossible to know when people would begin traveling again, we accepted this reality with the belief that travel would eventually return. Both companies have commented that as soon as a country or geography reopens, cross-border volumes reignite, amplifying each business’s growth and profitability. We think these near- term headwinds have created an attractive long-term investment opportunity.”

Page 1 of 5