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A Look at Goldman Sachs’s Current Strategy and Stock Picks

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Part 6
A Look at Goldman Sachs’s Current Strategy and Stock Picks PART 6 OF 6

What Goldman Sachs Thinks about Visa

Goldman Sachs on Visa

Goldman Sachs (GS) included Visa (V) in its recent stock picks. The firm expects Visa’s annual sales growth to improve 13.3% from 2016 to 2019.

What Goldman Sachs Thinks about Visa

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Visa operates in the finance industry (XLF) (VFH) and provides credit services via various payment technologies. It acts as a connecting link among merchants, consumers, financial institutions, and government entities. Many market participants are expecting that the economy might see an upswing in the upcoming year. If this happens, demand for credit services could also increase, which could benefit stocks like Visa.

Visa’s performance

Visa has provided a strong return so far this year. On a year-to-date basis, it returned nearly 24.2% as of July 14, 2017. The broader market S&P 500 Index (SPY) (QQQ) (IWM) returned nearly 8.9% during the same period. The stock is currently trading at $96.93. Its 52-week high is $97.37, and its 52-week low is $75.17. The Financial Select Sector SPDR ETF (XLF), which tracks the performance of the financial sector, rose nearly 6% on a year-to-date basis as of July 14, 2017.

The stock is currently trading 5.4% above its 100-day moving average and 1.4% above its 20-day moving average.

You may be interested to read, Morgan Stanley: S&P 500 Index Could Touch 2,700 in Next Year.

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