Visa Inc. (V)

The payments space is huge, because nobody's writing cheques and people are using smartphones. Has 12% revenue growth. Number of cards increase 80 million to 3.3 billion. Total Visa volume surpassed a record $11 trillion. Likes the company, but hates the price. Multiple is too high. A free cash-flow company that continues to grow. He'd buy this at a lower price. 31.25 P/E is unjustifiable.

How to play Mastercard and Visa in ETFs? They're heavyweights in the tech ETFs; XLK-Q (Visa is large in this) if you want liquidity. Also look at IGM-N.

It is up today on their earnings. We are actually at support. If it corrects more it will go to $125. This is a good time for this stock.

He is looking to pick some up. It has come back to support. The trend is higher.

He thinks the valuation is in excess of its intrinsic value. He would look at it at $108 and even then feels it might be a gamble. If interest rates are looking to rise, this could create headwinds. He sees $140 as being critical support.

A big fintech company that’s continuing to expand. 30x forward earnings is a little expensive, he’d be more comfortable at 20-25x. Half positions only. Remember that they’ll be in all the ETFs.

He wished he had bought it. A global name and they're moving into countries where people use less cash. A great story. It's never been cheap. 30x forward earnings even during the current pullback. Buy it. The one risk is there are many players moving into fintech. Visa should still benefit from that and continue to do well.

He hasn’t evaluated the fundamentals lately, but he sees them continue to meet earning calls. It looks okay right now and likes the sharp corrective move lately as it feels more bullish. It has a loft valuation, but would continue to give it rope.