10 Best American Stocks To Buy For Foreign Investors

7. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 163

Visa Inc. (NYSE:V) is another financial company on our list, with a business quite similar to Mastercard. We believe its one of the best American stocks in the market today because of its growth and expansion over major markets globally.

The company has partnerships with major international players in the financials sector, such as Korea’s KB Kookmin Car, Peru’s Banco de Credito de Peru, and Wells Fargo in the US, among numerous others. Visa Inc. (NYSE:V) is also a top pick for investors because its network is considered to be convenient and secure for consumers, which drives up consumer numbers regularly.

Visa Inc. (NYSE:V) expects continued growth in the future because of its stellar performance so far in 2024, its expansion of existing partnerships, and the development of innovative products and solutions. One such solution is the account-to-account risk-scoring solution Visa Protect with Pay.UK, which has shown an average 40% uplift in fraud detection over the 3-month pilot period. This solution is also being launched in other markets, such as Argentina, and is only one example of Visa Inc.’s (NYSE:V) innovative growth catalysts.

We saw 163 hedge funds long Visa Inc. (NYSE:V) in the second quarter, with a total stake value of $24.9 billion.

Here’s what Aoris Investment Management said about Visa Inc. (NYSE:V) in its second-quarter 2024 investor letter:

“Visa Inc. (NYSE:V) operates the world’s largest payments network, which facilitates the movement of money between merchants, financial institutions, consumers, businesses, and governments.

The company is best known for enabling consumers to make debit and credit card payments. In the year to September 2023, 4.3 billion Visa cardholders made 213 billion transactions on its network, to a total value of US$12.1 trillion.

Compared to cash and cheques, which are still widely used around the world, Visa’s network is a more convenient, secure, and ubiquitous way for consumers to pay. Visa has invested to reduce friction and fraud in the payments experience, to the benefit of both merchants and consumers…” (Click here to read the full text)