V - Down 6% in 2 Months Should You Buy the Dip on This Half-Trillion-Dollar Dow Dividend Growth Stock?
2024-07-16 07:00:00 ET
Credit card companies like Visa (NYSE: V) , Mastercard (NYSE: MA) , and American Express (NYSE: AXP) continue to benefit from a transition away from cash toward digital payments. Visa is now the third most-valuable company in the financial sector, with a market value of about $550 billion, behind only Berkshire Hathaway and JPMorgan Chase .
Visa has fallen almost 6% during the past two months and is little changed on the year, drastically underperforming the 18% gain in the S&P 500 . Here's why this Dow Jones Industrial Average component is an incredible long-term investment opportunity worth considering now.
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Down 6% in 2 Months, Should You Buy the Dip on This Half-Trillion-Dollar Dow Dividend Growth Stock?