Visa Inc. (V)

Tremendous recovery on fundamentals since Covid, yet the stock's gone nowhere on worries about regulation and competing payment structures. He still sees double-digit growth of 10+%. Very attractive valuation.

Toll booth, no credit risk. Recovering from pandemic downturn in travel. B2B is growing rapidly. On cutting edge of mobile environments. No one can duplicate processing power. Lots of international growth from remaining cash transactions. Yield is 0.81%. 

Cross-border travel is a big component of revenue, and this will continue. Fees are coming under pressure, but it's a toll booth. Not a ton of overhead. Once the payment networks are in place, very hard to get off. Trend is away from cash. Increased fraud management and security alerts help solidify loyalty to the ecosystem. Yield is 0.8%.

Does not own shares in business.
Very strong network effect.
Prefers Mastercard.
M&A strategy very strong.
Good long term investment.

Benefiting from pickup in travel. Initially bought it for the long-term secular shift from cash to digital. Thesis still intact, lots of runway around the world. Cross-border travel is increasing. Slowing volume in NA, but still anticipating double-digit revenue growth for Q2. Still benefits when people use it to buy essentials.

Owns shares in the company.
Believes prospects for company are excellent.
Product used by huge amount of population.
Strong management team.
"Cashless society" will benefit credit card companies. 

No credit risk, just a tollbooth. Good growth globally, as lots of people still use cash. Travel is increasing, which is important to Visa. Great B2B growth. No one yet has been able to copy its payment system. Yield is 1%.

World's leader in digital payments. $32B in expected revenue this fiscal year. Revenue and earnings exceeded expectations. Benefiting from post-Covid rebound in international, high-margin travel. Global brand recognition, strong balance sheet, dominant market share. Outperforming the S&P since late 2021. Continued move from cash to digital. Predictable earnings and sales growth. Yield is 0.80%.

A major position for her. Unlike some AmeEx and some companies, Visa reiterated that the consumer remains strong. A different spin or customer from AmEx? Don't know.

They just reported. It's the right stock to own now: geographically diverse and transaction-oriented. Cross-border volume was up 24%. This is how to participate in Asia-Pacific's reopening. Now is the perfect climate for Visa and Mastercard. Q3 net revenue growth expected to be in low-double digits.

Tollbooth, great secular growth. Suffered during Covid, but now travel's going up exponentially the next little while. Great growth in B2B. Lots of growth in EMs, as $17T in transactions are still in cash. Great brand. Lots of tailwinds. Yield is 0.79%.

Dividend has grown 25% annualized over the last 10 years. Digital payments will only continue to grow; it's a juggernaut. They buy back shares. They benefit from inflation. The margin-rich travel business is coming back too. Has long owned this.

(Analysts’ price target is $262.91)

He prefers Visa, but both are good. MA gives more international exposure, so maybe a bit more growth. Defensive business models. Moving to the Financial sector of the S&P 500, so it will boost performance of that sector.

Incredible tollbooth. 64K transactions per second. Tough time during Covid. $17T of cash is still exchanged globally, so lots of room for growth. Good growth on the B2B side. Lots of free cashflow. Good job at being at front end of technology. Yield is 0.83%.

China's reopening helps all consumer spending, as well as more travel and cross-border transactions are tailwinds. A great stock to own. Shares have outpaced the S&P since late-2021 as travel began to increase (their most profitable segment).