Visa Cl A saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 92 to 96.
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The upgrade means the stock is now outpacing 96% of all other stocks in terms of key performance metrics and technical strength.
Visa Cl A is currently forming a consolidation, with a 366.54 entry. See if the stock can break out in volume at least 40% above average.
The stock sports a 90 EPS Rating, which means its recent quarterly and longer-term annual earnings growth is outpacing 90% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q2, the company posted 10% EPS growth. Revenue growth came in at 9%, down from 10% in the previous quarter.
Visa Cl A earns the No. 4 rank among its peers in the Finance-Card/Payment Processing industry group. Paymentus Holdings is the No. 1-ranked stock within the group.
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