What are the 5 Best Stocks to Buy Right Now?

4. Visa Inc. (NYSE: V)

Number of Hedge Fund Holders: 164   

Visa Inc. (NYSE: V) is placed fourth on our list of 10 best stocks to buy right now. The stock has returned 29% to investors over the past twelve months.  The company markets payment solutions. It is based in California. In earnings results for the second quarter, posted on July 27, the firm reported earnings per share of $1.49, beating market estimates by $0.14. The revenue over the period was more than $6 billion, up 26% compared to the revenue over the same period last year and beating estimates by $270 million. 

On July 28, investment advisory Wedbush maintained an Outperform rating on Visa Inc. (NYSE: V) stock and raised the price target to $270 from $250, backing the firm to deliver another strong quarter of growth in the coming months. 

At the end of the first quarter of 2021, 164 hedge funds in the database of Insider Monkey held stakes worth $26.5 billion in Visa Inc. (NYSE: V), down from 166 in the preceding quarter worth $23.5 billion. 

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE: V) was one of them. Here is what the fund said:

“To make room for these new names with more attractive outlooks related to the reopening, we sold out of companies where the thesis is not playing out at the pace we expected including Visa.”