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?