Today, we will outline a stock for the defensive investor admist the strong wave of market volatility and selling. This suggestion is especially relevant as we enter a rough second quarter.
Visa
As broader market sentiment clamps onto the lives of everyday people, their spending habits are likely to change. Visa comes in here becomes the way that consumers CONDUCT their transactions is unlikely to be impacted.
The fintech company reported that 234 billion transactions were made throughout 2024. These transactions translate to Visa’s lucrative income stream. Thus, the broader bearish trends will impact the company less significantly. This can be demonstrated during the bear markets of 2022; Visa reported double digit earnings growth during this period despite massive slowdowns in momentum of the technology sector.
The bullish trend that Visa is sitting on – demonstrated by the 50-day moving average – is likely to become more pronounced as investors try to move their capital into safer assets. Investors should target the ‘buy the dip’ level of $330 as the stock begins consolidating. Due to short-term headwinds, the company has a price target of $300.
drewtalksmoney 
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