Stock Spotlight: Visa swipes a win after recent downturn

Strong Q4 results

Like many global stocks, Visa has sometimes failed to stay above water this year, hitting its lowest stock price on record back in September.

Since then, the stock has rebounded strongly, up 20.3% since the start of last month, according to Morningstar. Claudia Quiroz, lead manager of the Quilter Cheviot Climate Assets funds, argued the decline should be seen in the wider context of a derating "in market multiples on raised interest rate expectations". Others agreed, with Jeff St Denis, one of the stock pickers for Alliance trust, stating the decline had been due to "general market movement and a fear that an expected economic slowdown would hurt spending and impact Visa's near-term earnings". With the firm's stock havin...