5 Best Defensive Stocks to Buy Now

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1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 165

Year to Date Performance as of 11/29: -5.59%

Visa Inc. (NYSE:V) ranks #1 on our list of 12 Best Defensive Stocks to Buy Now given its leading position in payments. Much like Mastercard Incorporated (NYSE:MA), Visa Inc. (NYSE:V) is considered defensive because consumer spending is expected to increase in the long term and Visa Inc. (NYSE:V)’s market share might not change all that much given its strong network effects if the company continues to innovate. Although shares are down 5.59% year to date, Visa Inc. (NYSE:V) has strong long term growth potential. 165 hedge funds in our database owned shares of Visa Inc. (NYSE:V) at the end of Q3 2022.

You can also take a look at Warren Buffett’s Top 10 Dividend Stock Picks and 15 Largest Hotel Chains in the US in 2022.

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