Jim Cramer
This column was originally published on RealMoney on Nov. 27 at 8:56 a.m. EST. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
Cyber Monday, Black Friday, tons of spending on everything from big-screen TVs to Nintendo's Wii. I say enough, go buy the credit card companies. These days are, as Bank of America(BAC Quote - Cramer on BAC - Stock Picks) put it so well in its explanation of retail during this period, "profitless prosperity." If you are like me, you are sick as a dog of these retail stories. As I see it, MasterCard(MA Quote - Cramer on MA - Stock Picks), which is up an unbelievable amount, is the best way to play it, with its 10-cent cut of every charge. You know people are charging, and you know MasterCard's getting its fair share. I also have read a ton of articles about how big, flat-screen TVs are all the rage. But most people can't afford them. So they put them on credit cards. Meanwhile, Capital One Financial(COF Quote - Cramer on COF - Stock Picks) languishes at $75 a share. To me, that seems like a steal, too, since Capital One has been marked down because of this endless North Fork Bancorp(NFB Quote - Cramer on NFB - Stock Picks) merger. Don't out-think this stuff. Who knows how much the retailers actually made? We know the credit card companies are raking it in. They are the best way to play. Random musings: College students, listen up! RealMoney is offering you something special... a free subscription through May 31, 2007. The only requirement: You must have an email address that ends in .edu. Email collegetour@thestreet.com to accept my personal invitation to come read my blog every day, plus all the other writers on that great site. Pass it on!
RSS
