Beginning investors often assume that when the overall stock market is hovering near the flatline, there’s nothing important going on in the business world. For instance, looking at this afternoon’s levels for major market benchmarks, it looks as though many traders have given up and gone home for the weekend, with the Dow Jones Industrials (DJINDICES: ^DJI ) up just nine points as of 1:20 p.m. EDT. With none of the Dow’s components making particularly abrupt moves, news concerning those blue chips isn’t having much impact on share prices today.
But if you expand your view of the market, you’ll find plenty of big movers and more interesting goings-on. OmniVision Technologies (NASDAQ: OVTI ) is the big winner this afternoon, soaring more than 19% in the wake of last night’s positive earnings report. OmniVision said its cost-reduction strategy had started to bear fruit, revealing a combination of favorable results for its most recent quarter and expectation-beating guidance for the current quarter. In the long run, OmniVision has to demonstrate its ability to keep its image-sensor chips in the most popular smartphones, tablets, and other mobile devices. So far, though, investors are content with the growth they’ve seen.
5 Best Blue Chip Stocks To Buy Right Now: Visa Inc.(V)
Visa Inc., a payments technology company, engages in the operation of retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company owns and operates VisaNet, a global processing platform that provides transaction processing services. It also offers a range of payments platforms, which enable credit, charge, deferred debit, debit, and prepaid payments, as well as cash access for consumers, businesses, and government entities. The company provides its payment platforms under the Visa, Visa Electron, PLUS, and Interlink brand names. In addition, it offers value-added services, including risk management, issuer processing, loyalty, dispute management, value-added information, and CyberSource-branded services. The company is headquartered in San Francisco, California.
- [By Selena Maranjian]
Visa (NYSE: V ) saw its global brand value surge 46%, to $56 billion. The company is extremely global, operating in more than 200 nations, and it’s poised to profit as more and more people and businesses shift from cash transactions to electronic ones. Its presence in emerging markets is also a good thing to see among stock picks, as such economies are growing rapidly — and for Visa, that means more people beginning to use plastic for purchases. Meanwhile, our recovering economy is leading to an uptick in credit payments. The fast-growing company’s forward P/E is 21, well below its five-year average of 41. Visa is far bigger than its rivals, although