Visa Top Performing Stock in Dow in 2019

By Douglas A. McIntyre Updated Jan 11, 4:37AM EST · Published Aug 21, 3:02PM EDT

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Visa Top Performing Stock in Dow in 2019 — © keeweeboy / Getty Images

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The Dow Jones industrial average has started to retreat from its 2019 peak. However, several components are up over 30%. The leader among these is Visa Inc. (NYSE: V), which is up 35.08% for the year to $178.23. The Dow is up 10.97% for the same period to 25,886.01.

Some comments about the company. From Morningstar:

Visa is a somewhat unique company in that it is a longtime, established market leader that still enjoys strong growth prospects. Despite the ongoing evolution in the payments industry, we think a wide moat surrounds the business and that Visa’s position in the global electronic payment infrastructure is essentially unassailable.

From Investor Place:

Visa dominates the card payments industry, with the largest global market share outside of China. But to sustain above-average growth, Visa needs to look to new frontiers. One area of opportunity is cross-border payments.

From Barron’s:

The two dominant credit card networks—already on a tear as digital payments become more popular—can find new ways to increase revenue by pushing more transactions through their systems, Deutsche Bank’s Bryan Keane wrote in a note to clients. As a result, Keane raised his price targets on both Mastercard (ticker: MA) and Visa (V). He already rated both stocks at Buy.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.