Analyst Advises Waiting for Market Crash to Buy Microsoft, Visa, and Walmart Stocks at Lower Prices
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Microsoft's widespread software and cloud services give it tremendous sales power across many fronts. Its stock price has surged over 50% recently, leaving little room for further upside without a pullback.
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Credit and debit card usage has greatly increased worldwide, playing into the hand of payment processor Visa. Its stock is up 40% and nearing all-time highs, so a better entry point may come after a market crash.
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Walmart's sheer store dominance makes it hard for rivals to compete on price and vendor deals. Its stock hit a record high after gaining higher-income customers amid inflation, but may retreat more on a real crash.
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The author, James Brumley, advocates patience in buying these stocks at lower prices after a hypothetical market crash instead of chasing them near current highs.
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Brumley suggests Microsoft, Visa, and Walmart as three stocks he'd look to buy on a more significant dip, as their long-term growth outlooks remain strong.