I. Conservative Recommendation
Visa (V)
Visa is a current recommendation in my weekly trading service, Alpha Algorithm.
Recently, Visa reported third-quarter fiscal 2017 (ended June 30, 2017) earnings of $0.86 per share, beating consensus estimates of $0.80. Overall, earnings improved 25% year over year.
Visa’s growth has been driven by the acquisition of Visa Europe, solid growth in payments volume and processed transactions. Both revenues and earnings are expected to grow by 20% over the coming year.
Visa is also currently a 100% “buy,” based on all short-, medium- and long-term technical indicators I use.
Disclosure: I have been a long-time holder of Visa in my personal portfolio.
II. Aggressive Recommendation
Fiat Chrysler (FCAU)
Fiat Chrysler is a recommendation in my monthly investment newsletter, Smart Money Masters.
Shares of Fiat Chrysler have surged on rumors that a Chinese automaker has submitted a bid for the entire company. This past week, Great Wall Motors has also indicated an interest in Fiat Chrysler’s Jeep division.
Morgan Stanley estimates the Jeep division alone could be worth as much as the Fiat Chrysler’s current market capitalization.
From a technical standpoint, Fiat Chrysler has broken out to the upside and scores 100% on all technical indicators I follow.
Sincerely,
Nicholas A. Vardy
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