5 Best Stocks To Invest In Right Now

In this piece, we’ll take a look at the 5 Best Stocks To Invest In Right Now. For more such companies, go to 12 Best Stocks To Invest In Right Now.

5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) is an American multinational financial services corporation. It processed over $14 trillion in 2021, making it the largest payment processor in the world. The company operates in over 200 countries and can process transactions in more than 160 currencies.

On December 2, 2022, Donald Fandetti, an analyst at Wells Fargo, increased his price target on Visa Inc. (NYSE:V) to $250 while keeping an Overweight rating on the stock. The analyst believes that the company’s new products will further strengthen the company’s position in the global money movement ecosystem.

According to Insider Monkey’s database, 165 hedge funds held stakes in Visa Inc. (NYSE:V) at the end of the third quarter ending September 2022. TCI Fund Management remained the leading stakeholder in the company at the end of Q3 2022.

Here is what Lakehouse Capital had to say about Visa Inc. (NYSE:V) in its third-quarter 2022 investor letter:

Visa Inc. (NYSE:V) continued its long run of steady growth with both net revenue and earnings per share increasing by 19% year-over-year. The company processed 61.9 billion transactions during the quarter, which drove US$2.9 trillion in total payments volume. The return of travel-related spend post-pandemic continues to be a tailwind for the business and it was pleasing to see cross-border volume growth maintain its recent momentum, up 49% year-over-year, excluding intra-Europe. Management also provided some positive commentary on the macro environment, which was reassuring, especially given the heightened recessionary fears at present. They highlighted stable trends that were relatively broad-based and emphasised stability in e-commerce and a general shift in spending away from goods toward services and experiences. Big picture, we remain long-term holders and believe that the combination of an attractive industry structure and the ongoing secular shift towards digital payments provides a strong foundation that will enable Visa to continue growing at attractive rates for many years to come.