NEW YORK (TheStreet) -- Last time there were sanctions against Russia, Visa (V - Get Report) and MasterCard (MA - Get Report) got hit hard, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio.
However, on CNBC's "Cramer's Stop Trading" segment, he referred to a Reuters article saying that investors should not worry about Visa and Mastercard, which have hundreds of millions of cards in Russia.
These sanctions are "more bark, than bite," Cramer reasoned, judging by the stocks' price action.
In regards to rebounding oil prices, he continues to like oil companies, as well as Magellan Midstream Partners (MMP), which should benefit from higher U.S. production.
- - Written by Bret Kenwell in Petoskey, Mich.