While most investors who are familiar with (NYSE: V) would likely agree that it is a fantastic business, its share price hasn't held up recently. In 2023, the stock is up 16% (as of Aug. 7), a respectable return. But this lags the 17% gain of the broader S 500.
Nonetheless, over long periods of time, Visa has been a wonderful investment to have owned. But what does the future hold? Is Visa a good stock to buy right now? Here's why I think it is.
All the talk of inflation in the past couple of years, as well as economists predicting a recession, can certainly be scary for investors. During uncertain economic times, it's a smart idea to try to identify resilient companies, or those that continue to perform well no matter what's going on.
Source Fool.com