5 Best Stocks To Invest In Right Now

4. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166

Visa Inc. (NYSE:V), the American payments technology firm, is one of the best stocks to invest in right now according to hedge funds. At the end of August, Visa Inc. (NYSE:V) announced that its U.S. payments volume in August climbed 11% on a year-over-year basis, even after the company exited its operations in Russia in March 2022. Credit payments volume lifted 17% and debit volume rose 7% YoY, both up one point from July.

Daiwa analyst Kazuya Nishimura on August 16 downgraded Visa Inc. (NYSE:V) to Neutral from Outperform with a price target of $225, down from $230. The company continues to offer an optimistic growth case given a rebound in cross-border travel, but the analyst sees lower scope for earnings to exceed market expectations. However, he continues to highly rate Visa Inc. (NYSE:V)’s medium to long-term growth prospects. 

Among the hedge funds tracked by Insider Monkey, 166 funds were bullish on Visa Inc. (NYSE:V) at the end of the second quarter of 2022, up from 159 funds in the last quarter. Terry Smith’s Fundsmith LLP is a prominent stakeholder of the company, with 5.6 million shares worth $1.10 billion. 

Here is what Baron Fintech Fund has to say about Visa Inc. (NYSE:V) in its Q2 2022 investor letter:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”