Jim Cramer and Billionaire Ray Dalio Are Betting on These 5 Stocks

1. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166  

Visa Inc. (NYSE:V) operates as a payments technology company worldwide. On November 25, Visa revealed that its US payments volume in November increased 9% from a year ago, even after the company suspended its operations in Russia in March 2022, and was 10% in October 2022. Credit payments volume increased by 10% and debit volume rose by 8% Y/Y. Regulatory filings show that Dalio owned more than 1.2 million shares in the company at the end of the third quarter of 2022 worth $216 million. Cramer has lauded the firm as one with no risk from interest rate hikes. 

On October 27, BMO Capital analyst James Fotheringham maintained an Outperform rating on Visa Inc. (NYSE:V) stock and lowered the price target to $241 from $257, noting that the company posted encouraging fourth-quarter results.    

At the end of the third quarter of 2022, 166 hedge funds in the database of Insider Monkey held stakes worth $24 billion in Visa Inc. (NYSE:V), compared to 159 in the preceding quarter worth $28 billion.

In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Visa Inc. (NYSE:V) was one of them. Here is what the fund said:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”

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