TOP 5 STOCK TO WATCH OUT AND TRADE TODAY – MAY 30, 2022

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TOP 5 STOCKS TO WATCH OUT TODAY

Visa Inc (V): Visa is one of the few mega-cap companies to post an unequivocally positive earnings report so far this season. Despite this huge headline numbers on its report, Visa stock didn’t move up that much. As investors digest the impressive results, Visa shares should move higher.

The company’s fiscal second-quarter earnings leapt to $1.79 per share from $1.38 per share for the same period a year earlier. Importantly, this was miles ahead of analyst expectations at $1.65.

Payment volumes also jumped, surging 17% year over year, with all-important cross-border transactions up a sizzling 38%. Those international payments are vital, since Visa gets to keep a much higher take rate on that class of purchases. While the tech sector is having a downbeat earnings season, the consumer is still strong and international travel is back on the upswing. With Visa stock still down sharply from its 52-week highs, opportunity lurks.

Waters Corp. (WAT): Waters is a leading laboratory equipment maker. It specializes in mass spectrometry devices and other related software, services and supplies. This industry boomed recently as research institutions and biotech companies bulked up their capabilities to address threats such as COVID-19. There’s been an assumption, however, that there would be a post-pandemic retreat for the sector as funding for things such as vaccine research dropped off.

However, there’s little evidence of this in practice yet. Waters hasn’t reported earnings this quarter yet, though last quarter it beat expectations on both the top and bottom line. However, key equipment-making rival Thermo Fisher Scientific Inc. (TMO) reported a massive quarter April 28, with organic revenue growth in the double digits. TMO stock leapt 7% on the news.

Waters could enjoy a similar surge in coming weeks. Meanwhile, shares are still about 20% off their 52-week highs.


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