During the last two years, the credit card industry has struggled mightily. The share price of Visa (NYSE:V), one of the three major credit card issuers in the world, presently stands at $189.94, which is nearly 10% lower than the $210 they were trading at before the worldwide pandemic struck in March 2020.
A big recovery in the value of V stock was predicted by many experts when the epidemic ended and tourism and eating out resumed. However, after a few short rallies, the share price has failed to get over $200 and has lost 12 percent this year.
The sluggish recovery of higher-margin overseas transactions on V’s credit cards has been a drag on the company. Travel is picking up speed once again, but it’s mostly inside the United States, with overseas travel still trailing behind.
As a result of Russia’s invasion of Ukraine, Visa has seen a significant drop in its Russian customer base.. Visa, however, is still a good investment despite its present problems; Over the previous five years, the stock has returned 102 percent to stockholders. Visa is presently trading at 30 times this year’s predicted profits, which is a new low for the corporation.
This year’s market collapse has not spared the consumer electronics behemoth, which was the first to reach a $3 trillion valuation. Apple’s (NASDAQ:AAPL) stock price has dropped by 26 percent so far in 2022, and it is now trading at $131.23 a share. However, rather than fretting about the decrease in the share price, investors could take advantage of it by buying Apple shares with both hands.
Based in Silicon Valley Apple is still one of the world’s largest and greatest technological businesses, and investors seldom have an opportunity to buy in at such a low price.
A number of overseas challenges weigh on Apple’s stock price right now, including China’s Covid-19 lockdown that has affected its manufacturing and the difficulty sourcing components and managing supply chains in Asia that threaten production of its popular iPhone, which made $192 billion in revenue last year.
Apple, on the other hand, should be able to weather the storm because to its inventions and market domination. A new iOS 16 operating system has been unveiled, as well as an expansion into purchase now, pay later services.