Visa gains ahead? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

Visa says that Ryan McLenerney will become CEO effective from February 1, 2023, and the present CEO Alfred Kelly will become executive chairman. At the end of November, Visa said that US payments rose 9%y/y while it noted November credit grew 10% and debit increased 8%.

Will these developments and news help lift Visa’s share price over Q1 2023?

From December 12 through to February 16 Visa shares have risen 9 times over the last 10 years with an average return of over 6%. The maximum gain was nearly 16% in 2019 and the maximum loss has been -7.51% in 2015.

Major trade risks: The main risk here is that there is some negative news for Visa or the Fed turns ultra-aggressive at its December 14 meeting.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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