11 Best Beginner Stocks To Invest In Now

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3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Visa Inc. (NYSE:V) is a multinational payment card service provider based in the United States that facilitates electronic fund transfers across the globe. The company also provides commercial patent solutions, sells cards, has virtual cards, and offers B2B payment options. The company increased its net revenue by 12% in FQ4 2024 to $9.6 billion and by 10% in FY 2024 to $35.9 billion. In addition to that, Visa Inc. (NYSE:V) saw immense growth in its payments volume, especially cross-border volume, which grew by 8% and 15% respectively, for the fiscal year ended 2024.

Accelerating its digital payments momentum, on October 29, Visa Inc. (NYSE:V) announced the launch of new features to improve push-to-wallet experiences. With the new update, users will now be able to use virtual cards in mobile wallet ecosystems such as Apple Pay and Google Pay. More recently, on November 12, the company announced that its Visa Flexible Credential system is going global and will be launched in the United States and the United Arab Emirates.

Overall, Visa Inc. (NYSE:V) processed transactions worth $61.5 billion for the three months ended September 30, 2024. The company currently has more than 4.6 billion cards in circulation with over 150 million merchant locations across 200 countries. For the twelve months ended September 30, 2024, the company facilitated payment transactions worth $303 billion. The company’s strong ecosystem and financial network make it one of the best stocks for beginners to invest in right now.

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