Visa Inc. (V) Soars to Record High

Global payment firm Visa Inc. (NYSE:V) soared to a record high for the company on Monday, surging to as high as $99.37 on the day.

Along with MasterCard (NYSE:MA), Visa enjoys a relatively strong moat of protection against potential competitors, allowing them to continue to collect ongoing fees and generate solid profit margins.

Not only is that a competitive advantage in a good economic environment, but performs just as strongly in a weak one, as we've been in for years.

Those investors with a conservative bent should experience a good performance from both companies.