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3 Stocks to Buy for Sizzling Summer Returns

These summer stocks should add sizzle to your return

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Summer Stocks to Buy: Visa (V)

Visa stock V stockFinally, the no-brainer play for summer is a company that benefits whenever people spend money — Visa (V).

For the past few quarters, the NY Federal Reserve Report on Household Consumer Debt has shown increases in credit card debt. This breaks a five-year trend in which the American consumer was de-leveraging their home balance sheets, paying off debts of all kinds. Now, they are spending on credit again, and that means Visa will benefit.

I prefer owning Visa over a bank that issues cards because Visa gets a piece of every transaction in its network. It also trades at a cheaper valuation than its rival, Mastercard (MA), making it a better summer stock.

As of this writing, Lawrence Meyers was long V. He is president of Asymmetrical Media Strategies, a crisis PR firm, and PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at and follow his tweets at @ichabodscranium.

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