Visa and Siemens: A look at promising stocks for 2024

Visa and Siemens: A look at promising stocks for 2024

According to a report by www.aktienwelt360.de,
The year 2023 has passed quickly and 2024 is already around the corner. As an economist, I would like to highlight two companies that I believe have potential promise in the coming year: Visa and Siemens.

Visa: Benefiting from digital payments
Visa is a global payment service provider that benefits from the increasing importance of digital payments. Increasing online commerce and digital transactions promises Visa a key role in 2024. Despite an economic slowdown, the 2023 fiscal year was extremely successful, with revenue growth of 11% and net income up 15% to $17.3 billion. The increasing digitalization of the financial world opens up promising prospects for Visa to offer innovative payment solutions. The expected P/E ratio for Visa shares of just under 23 seems reasonable given the historical double-digit sales and profit growth.

Siemens: Promising player in the digitalization of industry
Siemens focuses on intelligent infrastructure, automation, digitalization and intelligent mobility solutions, making it a versatile player in the evolving world of industrial technology. The company contributes to making production processes more efficient and increasing the competitiveness of companies. The majority stake in Siemens Healthineers represents the company's strong commitment to medical technology and digital health. Siemens' robust order situation is reflected in the 2023 annual figures, which showed a significant recovery in the fourth quarter.

Both companies show promising developments, but potential economic downturns should be taken into account and can influence the outlook. Nevertheless, a promising year 2024 is emerging for Visa and Siemens.