Chew On This Stock!!
If you want to sink your teeth into a great stock, try searching in the Dow Jones Industrial Average. The index is comprised of 30 historically profitable, time-tested, multinational businesses. These are mature companies that have proven their worth and are smart buys during a bear market decline.
One of these stocks that you don’t often get an opportunity to buy is Visa. Visa’s biggest headwind at the moment is also one of its greatest catalysts. Visa is a cyclical business, which means it powers up when the U.S. and global economy are expanding. However, Visa struggles with recessions and when consumers spend less like right now.
But here's the thing about cyclicality; it favors those who are patient. Virtually every period of expansion lasts substantially longer than contractions or recessions. When we look at the long-term chart, you will see that soon is the opportunity for Visa. So, for all the dentists out there, is it time to put your money where your mouth is?