Patty Edwards Likes Visa (V)

Patty Edwards said on CNBC's Fast Money that she likes Visa Inc. V, and she has a long position in this stock. She believes that Visa (V) is going to be a beneficiary of this consumer confidence that we saw coming out today. Consumers are spending, and we are seeing better numbers from Coach, Inc. COH and Royal Caribbean Cruises Ltd. RCL, said Patty Edwards. She also believes that higher end consumers are going to use their cards, and they are going to spend more. Patty Edwards thinks that news like Durbin interchange amendment is already priced in, and Visa (V) has to perform better because no one uses checks any more. Consumers have to use plastic. Visa Inc. (V) is going to report earnings on Wednesday. Today, it fell 0.74%, and closed at $80.03.