On Wednesday, Visa got an upgrade for its IBD SmartSelect Composite Rating from 94 to 96. It did not help it today, Thursday, as it gapped down at the open along with most of the market.
The new rating is a sign the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. The best stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Visa stock is currently forming a consolidation, with a 250.68 buy point. After getting very close to the pivot it has fallen back along with the rest of the market. Keep it on your watch list and keep an eye on the trading volume for it to reverse higher.
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The stock sports a 92 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 92% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
Earnings Preview
The company posted a 20% earnings-per-share gain for the most recent quarter. Sales growth fell to 12%, down from 19% in the previous quarter. The next earnings release is scheduled for April 26.
Visa earns the No. 2 rank among its peers in the Finance-Card/Payment Processing industry group. Shift4 Payments is the No. 1-ranked stock within the group.
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