Time to stop using cheque and go long on credit card companies

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From The Nilson Report, consumers are turning to Credits/Debit cards and electronic payments.

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This chart shows that Visa is a market leader in the cards industry.

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This is a stocks price movement of the top 3 traded companies in the US market.

Conclusion.

Visa have strong business fundamentals and it under-performing compared to it’s competitors.

I am long on VISA. Currently have a small position in VISA

Looking to take profit on VISA at 83

 

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