Charging Ahead?
By: Lee Brodie | Producer
Visa is scheduled to report earnings next week for the first time since its IPO. Shares are up 61% since it began trading on March 19th. How should you trade it?
I love Visa, says Jon Najarian. They process more transactions than American Express and Mastercard combined. And unlike so many other companies, Visa doesn’t have to worry about rising commodity costs. I expect to see strong numbers and I’d own it going into earnings.
I agree, says Guy Adami. But I think Mastercard is the better trade.
I fully expect Visa to “kick the snot” out of their numbers, Jeff Macke exclaims. But I’m not sure how much higher the stock will go.
I expect Visa to go higher and higher, adds Pete Najarian.
What’s the bottom line?
Visa is probably a buy ahead of earnings.
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Trader disclosure: On Apr. 24, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (YHOO), (MSFT), (INTC); Pete Najarian Owns (AAPL), (NOK), (TSO), (XLF), (YHOO); Pete Najarian Owns (CHK) Calls, (DD) Calls, (MSFT) Calls, (POT) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (HD); Finerman's Firm Owns (MSFT), (SUN), (TSO), (VLO), (WMT), (YHOO), (MO), (PM), (JCP); Finerman's Firm Is Short (IYR), (IJR), (MDY), (IWM), (SPY), (COF); Charles Schwab Is A Sponsor Of "Fast Money"
Jon Najarian Owns (V), (MA), (AXP)
