Long-term dividend stocks

What happened: Visa Inc. (NYSE:V) was recently highlighted as one of the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires. On May 28, Visa announced a partnership with Replit to expand AI-powered software development within large enterprises. Meanwhile, other long-term dividend stocks like Best Buy, Kimberly-Clark, and Kraft Heinz have seen significant price drops, presenting potential buying opportunities.

Market impact: The bullish sentiment around Visa has driven interest in long-term dividend stocks, benefiting companies with strong fundamentals and growth prospects. Conversely, the price drops in Best Buy, Kimberly-Clark, and Kraft Heinz have affected the consumer discretionary and staples sectors, with investors now eyeing these stocks as potential long-term holds.

What to watch next: Upcoming catalysts include Visa's Q2 earnings on July 27, which could validate the bullish sentiment and provide insights into the Replit partnership's impact. For the other stocks, investors should watch Kimberly-Clark's merger progress and Kraft Heinz's turnaround efforts, with Q2 earnings for both companies expected in late July. Additionally, any improvements in the macroeconomic picture could drive a comeback for Best Buy.