Visa Top Performing Stock in Dow in 2019
August 21, 2019 by Douglas A. McIntyre
The Dow Jones industrial average has started to retreat from its 2019 peak. However, several components are up over 30%. The leader among these is Visa Inc. (NYSE: V), which is up 35.08% for the year to $178.23. The Dow is up 10.97% for the same period to 25,886.01.
Some comments about the company. From Morningstar:
Visa is a somewhat unique company in that it is a longtime, established market leader that still enjoys strong growth prospects. Despite the ongoing evolution in the payments industry, we think a wide moat surrounds the business and that Visa’s position in the global electronic payment infrastructure is essentially unassailable.
From Investor Place:
Visa dominates the card payments industry, with the largest global market share outside of China. But to sustain above-average growth, Visa needs to look to new frontiers. One area of opportunity is cross-border payments.
From Barron’s:
The two dominant credit card networks—already on a tear as digital payments become more popular—can find new ways to increase revenue by pushing more transactions through their systems, Deutsche Bank’s Bryan Keane wrote in a note to clients. As a result, Keane raised his price targets on both Mastercard (ticker: MA) and Visa (V). He already rated both stocks at Buy.
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