Goldman Sachs on Visa
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 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.
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