Mentions

The host is strongly bullish on Visa, which he owns personally and has rated as a top-15 stock for 2026. He highlights Q1 FY2026 results showing 15% YoY revenue growth to $10.9B and 17% EPS growth, driven by resilient consumer spending and value-added services. The host emphasizes Visa's elite profitability metrics—57.6% operating cash flow-to-sales margin and a high operating profit margin—which have improved materially since 2016. He acknowledges risks including Europe building alternative payment infrastructure and the threat from crypto/stablecoins, but argues these risks are already priced in. He calculates a fair value of $414/share versus a current price of $311, noting forward P/E of 22.7 and forward P/OCF of 21.4 as cheap for a 'Hall of Fame' business. He added to his position earlier in 2026 during a market selloff and reiterates his top-15 rating, expressing indifference on timing (pre- vs. post-earnings) but conviction on the long-term opportunity.

Visa is the losing side in two separate comparisons throughout the video. Against Microsoft, it is slightly more expensive (23x forward PE vs. Microsoft's 21-22x) with slower revenue growth and a smaller mean-reversion opportunity to its 10-year average PE of 27x. Against Mastercard, Visa again loses on growth — total revenue grows at roughly 11% versus Mastercard's ~15% — and it lacks the high-growth value-added services segment driving Mastercard's outperformance, despite both now trading at virtually the same valuation multiple.