As political and consumer trends become more volatile, a few stocks this month could be considered 'must-haves' for investor portfolios.
There are two ways to interpret global events happening right now, from a weakening state in consumer discretionary trends to the geopolitical conflicts taking place in the Middle East. The first and most common is to read about them in the news and never think of them again. The second is the way every investor should go about this sort of news .
with pricing power, but then these routes need to be protected, particularly during these Middle East conflicts; which is whereThere has to be a strong reason for bearish traders to stay away from Visa stock, a trend investors can gauge through the company's declining short interest in the past quarter, with 3.5% contractions in the past month alone.
Driving these views are the current earnings per share growth forecasts from Wall Street. They expect to see $3.00 in EPS by the end of next year, which is 24% above today's $2.42 net reported earnings. This growth may come from Visa's higher credit quality and scalability over some of its competitors in the consumer finance space.
Those at Raymond James led the latest wave of boosts as of August 2024, when these conflicts were just getting started. Their latest view calls for a price target of $138 a share along with a Strong Buy rating. While buying near the highs may seem a little risky, investors have a few reasons to keep this name in their portfolios for the coming months. There are those on Wall Street who would also agree with taking on this view of Lockheed Martin.
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