These 16 stocks could show 'fundamental resiliency' in tough times
Amid a more precarious economic backdrop, analysts at Macquarie think that stocks including Visa Inc., Planet Fitness Inc., Trade Desk Inc., and lotto operator International Game Technology PLC could demonstrate “fundamental resiliency.”
Within the payments universe, the Macquarie team gravitates toward Visa V and Mastercard Inc. MA, two stocks that “have been holding the line through the current spike in volatility” and have previously shown to be “impressively resilient through recessions thanks to their scale, innovation, and structural tailwinds in digital payments.”
The “structural growth” of the card networks could help them hold up in the face of any weakness in volumes, the analysts continued.
On Mastercard specifically, they like the company’s positioning in cross-border payments, emerging markets, and newer areas such as digital identity and open banking. For Visa, …
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