Visa, Delta & VF Corp. Heading Higher Says Rainier CIO Dawson

Visa has huge margins and will continue to expand as America moves toward a cashless society, said Mark Dawson, CIO of Rainier Investment Management. Dawson added that Visa competes in a duopoly and has shown resiliency in the face of new technologies. He said Delta Air Lines is benefiting from more than just lower oil prices and will see its multiple expand. Dawson said the entire airline industry is in great financial shape. Finally, Dawson said VF Corporation's management has shown exemplary financial discipline and the company has made great brand acquisitions like Timberland.