According to Senior Managing Director and Chief Market Strategist for Virtus Investment Partners, Joe Terranova, Visa is the ideal stock to own at the moment. Terranova believes that as travel spending increases in the coming years, investors in Visa will significantly benefit. Terranova notes that for the first quarter of 2023, Visa posted year-on-year cross-border spending growth of 24%, making it a great play for geographical diversification. Travel spending is expected to rise as we continue post-pandemic reopening. Visa is the perfect stock to benefit from this rise in travel spending due to its reputation as a global payments company. In response to Terranova's comments, Edward Sheldon, a freelance investment writer/analyst, also agrees that Visa is the perfect stock to own. Sheldon recently bought more shares in the payments processing company for his Stocks and Shares ISA. Sheldon's stock-picking strategy combines “growth,” “quality,” and “thematic” approaches, and he believes that Visa is an ideal stock to own for diversification purposes.