Visa at 322.52 isn't exactly what meme dreams are made of, but hear me out: I'm bullish for a bounce to 375.00 in the next few months. Have you seen this chart lately? Last summer it was flexing out around 362 then all the way to 365, but since then it's been on the "let's see how low we go" rollercoaster down to the 300 zone. We're not talking total collapse, more like the market just gave up caring once the holiday season ended. But this is Visa. It eats every transaction on earth.
First reason is kind of a meme in itself: people are still spending, even if they're doomscrolling while they do it. Consumer numbers are holding up, and every time someone rage purchases something, Visa takes its cut. Second, the dip down to 304 in April felt overdone, and it bounced right off that like someone found their emergency credit card after a bad day. I like that. Plus, they've been quietly rolling out more partnerships and expanding in Latin America, which is not priced in at this level, fight me.
Not gonna pretend there's zero risk. Regulation always lurks in the background like the final boss. If the government decides to get spicy about fees, this thesis could age badly. But unless we get a headline disaster, I see upside. Next earnings is the big catalyst analysts are basically expecting flat vibes, but even a mild beat could send this thing back above 350 in a hurry. If they guide up on cross border or e comm, we might even see a short squeeze from the hedgies who finally gave up on their puts.