Cramer Likes MasterCard More Than Visa (MA, V)
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Price: $522.34 -0.44%
Rating Summary:
40 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
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Rating Summary:
40 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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On last night's episode of Mad Money Jim Cramer told viewers of his Lightning Round segment that he likes MasterCard (NYSE: MA) more than Visa (NYSE: V).
A viewer called in asking Cramer about Visa, but the host immediately turned his focus to MasterCard, saying "If you want to hear a company in charge of their destiny, listen to the Mastercard conference call."
Cramer has been behind MasterCard since its IPO in the summer of '06, when the stock priced at $39, but opened for trading around $44. Since then, shares of MasterCard have been on an astonishing rise: the stock has moved up more than 550% and is currently trading just over $290 today, up 4%, or about $12, from yesterday's close.
Interestingly, if investors would have listened to Cramer when he said buy MasterCard ahead of Visa's IPO on March 18, they would have already bagged a nearly 40% return as the stock was trading around $209 at the time.
Shares of Visa are also jumping today: the stock is up about 3%, or about $0.50, to $86.15. [BCS]
A viewer called in asking Cramer about Visa, but the host immediately turned his focus to MasterCard, saying "If you want to hear a company in charge of their destiny, listen to the Mastercard conference call."
Cramer has been behind MasterCard since its IPO in the summer of '06, when the stock priced at $39, but opened for trading around $44. Since then, shares of MasterCard have been on an astonishing rise: the stock has moved up more than 550% and is currently trading just over $290 today, up 4%, or about $12, from yesterday's close.
Interestingly, if investors would have listened to Cramer when he said buy MasterCard ahead of Visa's IPO on March 18, they would have already bagged a nearly 40% return as the stock was trading around $209 at the time.
Shares of Visa are also jumping today: the stock is up about 3%, or about $0.50, to $86.15. [BCS]
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