Wow what a stock. If you have not bought V you need to buy on the next dip.
Visa (V) posts $0.52 second quarter adjusted EPS (Class A) on revenue of $1.5 billion. It says its financial outlook over the next three years includes the following metrics: annual net revenue growth of 11%-15%; annual adjusted operating margin in the low 40% range; annual adjusted EPS growth of 20% or greater; and annual free cash flow in excess of $1 billion.

Wow what a stock! Visa had a great day followed by an incredible After Hours trading. The stock went above $76.75. The analysts are talking about the earnings coming up next week and this is pushing the stock higher. As they said tonight on Fast Money the first two earnings reports for IPOs are home runs. This is because there is no historic data to gauge against. This is a BUY!!!!!! Don’t miss the train.

I bought V on the first day of the IPO. That was an experience in itself. I really believe in this stock for the long term gain. I have a stock pile of V that I bought day one that I plan to hold. I also buy blocks of Visa on down turns. I have been able to flip Visa twice now for a profit. I was watching the downturn yesterday and did not buy. I honestly hoped that it would have another bad day today. Continue…