Visa vs. Tech Stocks Analysis

This is a news story, published by Yahoo Finance, that relates primarily to Chris Verrone news.

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Technology

Is Visa (V) the Best Tech Stock to Buy For Long-Term Investment?

Summary

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81% Informative

Chris Verrone , chief market strategist at Strategas Research Partners , appeared on CNBC ’s Closing Bell ’ to talk about his outlook on the tech sector.

Verrone believes that the current downturn is more than a typical 10% correction.

He highlighted the resilience of financials during the correction and contrasted it with the weakness of tech.

The market will rally from its current level with an anticipated range of 5,900 to 5,950 .

Visa is 7th on our list of the best tech stocks to buy for long-term investment.

The company continues to benefit from the secular shift toward electronic payments while expanding its portfolio to include high-growth adjacent offerings.

Visa ’s operating model demonstrates strong leverage, with incremental revenue efficiently flowing to the bottom line.

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English

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