2 No-Brainer Fintech Stocks to Buy With $200 Right Now
Want to instantly add huge upside potential to your portfolio? Check out fintech stocks. These companies are like banks but with the rapid growth rates of tech start-ups. Right now, two fintech stocks, in particular, look very attractive.
It pays to look at Warren Buffett's portfolio. For more than a decade, he's held onto one of the most successful fintech stocks in recent memory: Visa (NYSE: V). It's not hard to see what Buffett loves so much about this company. Payment networks benefit from natural industry concentration. Right now, Visa controls 61% of the U.S. market for credit and debit cards. Mastercard comes in second with a 25% market share, while just two other companies round out nearly the entirety of the final 14% of the market. This consolidation gives Visa immense pricing power. When combined with an asset-light business model and a bit of leverage, the company is able to post consistent returns on equity that most companies can only dream of.
Source Fool.com
Visa Inc. A Stock
The stock is an absolute favorite of our community with 48 Buy predictions and no Sell predictions.
With a target price of 281 € there is a slightly positive potential of 12.44% for Visa Inc. A compared to the current price of 249.9 €.
