5 Good Stocks to Invest in Now

In this piece we will look at the 5 Good Stocks to Invest in Now. Please visit 10 Good Stocks to Invest in Now  if you’d like to see an extended list and how we came up with the list of Good Stocks to Invest in Now.

​5. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 181

Visa Inc. (NYSE:V) is one of the Good Stocks to Invest in Now. On June 3, Reuters reported that Cuba’s central bank has announced it will suspend all Visa and Mastercard transactions starting June 6, following the collapse of a key processing partnership triggered by US sanctions.

​The report noted that the foreign partner that previously handled credit card processing for Cuba decided to limit operations after a US executive order signed on May 1. The order significantly broadened sanctions on commerce with the island. This left Cuba unable to receive payments through internationally recognized card networks, including Visa Inc. (NYSE:V).

​The executive order was signed by President Trump as part of a policy to pressure Cuba’s government. Credit card transactions had historically been processed through a foreign bank and Fincimex, a financial arm of GAESA, which is a military-run conglomerate that the US accuses of hoarding profits from key industries like tourism, remittances, and logistics for the benefit of Cuba’s military and elite. However, Cuba has denied these accusations. The sanctions have triggered a wider exit of foreign businesses from Cuba, including hotel companies, airlines, and shipping firms.

​Visa Inc. (NYSE:V) remains one of the good stocks to invest in now. The Street is bullish on Visa as 93% of the 30 analysts covering the stock maintain a Buy rating on the shares. The 12-month average price target of analysts suggests more than 23% upside from the current levels.

Visa Inc. (NYSE:V) is a payment technology company operating in the United States and internationally. It operates VisaNet, a transaction processing network that handles the clearing, authorization, and settlement of payment transactions. The company offers its services under different brands such as PLUS, Visa, V PAY, Visa Electron, and Interlink.