5 Best Bear Market Stocks To Invest In

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 159

Visa Inc. (NYSE:V) ranks first on our list of the best bear market stocks to buy. The California-based company offers payment technologies and financial services to clients around the globe. The Q1 database of Insider Monkey showed that 159 hedge funds were long Visa Inc. (NYSE:V) at the end of March, up from 142 hedge funds a quarter ago.  Adam Capital held a $19.94 billion stake in Visa Inc. (NYSE:V) at the end of the first quarter, making it the largest shareholder of the company

Goldman Sachs analyst Will Nance on May 17 initiated coverage of Visa Inc. (NYSE:V) with a ‘Buy’ rating and a $282 price target, implying an upside of 43%. Nance also added the company shares to the firm’s ‘Americas Conviction List’, and sees it as a global leader with “attractive leverage to the long-term secular growth driver from payment electronification.”

Visa Inc. (NYSE:V) posted earnings per share of $1.79 for the first quarter, exceeding analysts’ estimates by $0.14. The company pulled in $7.19 billion in revenue for the quarter, which represented year-on-year growth of 25.48% and beat estimates by $366.9 million.

Investment firm Baron Funds talked about Visa Inc. (NYSE:V) in its Q1 2022 investor letter. Here is what the fund said:

“Shares of global payment network Visa, Inc. (NYSE:V) were up 2.5% on strong quarterly results with 24% revenue growth and 27% EPS growth. Payment volume grew 20% with notable strength in cross-border volumes as travel activity rebounded from depressed levels. Management raised full-year guidance to reflect high-teens revenue growth. Shares also likely benefited from a “flight to safety” during a volatile quarter for equities. We continue to own the stock due to Visa’s long runway for growth underpinned by the continued migration from cash transactions to card/digital and strong competitive advantages, operating in a duopoly with Mastercard.”

You can also take a look at 10 Best Mid-Cap Stocks To Buy Now and 10 Best Paper Stocks To Buy Now.

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