V: Adding Visa to Investing Ideas (Long Side)

Hedgeye CEO Keith McCullough is adding Visa (V) to the long side of Investing Ideas. Below is a brief note.

While the Financials (XLF) have been relative dogs as of late, they are longs in #Quad2…the growthier, the better...

One name that Financials analyst Josh Steiner still likes (both short and long term) is Visa (V) and it has recently corrected towards the low-end of its @Hedgeye Risk Range.

Here's a recent data update on Visa from Steiner's popular Financials Pro product:

Several months removed from the expiration of enhanced UI benefits, domestic spending volumes slowed a bit on the margin, but are holding up relatively well in November, with debit spending volumes proving robust as the recovery in credit spending continues to make progress

Buyem when they are for sale so that you aren't chasing them on green,

KM