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Jim Cramer's Mad Dash: Wait for a Bigger Pullback in Visa

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NEW YORK (TheStreet) -- Shares of Visa (V - Get Report) are lower by roughly 4% early in Friday's trading session, despite a top- and bottom-line earnings beat. 

"The CEO is a brilliant man," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Cramer's Mad Dash" segment. 

Despite topping analysts' expectations, the company did not live up to its own guidance. Visa is having some currency issues, he said. 

Read More: Amazon.com Shares Plunge On Weak Earnings

"Every time the stock has really gotten hammered, you should buy it," Cramer reasoned. 

However, with the stock in "no-man's land," and with the company having some "unusual headwinds" going forward, he concluded that investors are better off waiting for the stock to decline further before buying. 

-- Written by Bret Kenwell in Petoskey, Mich.

Read More: Starbucks Store Makeovers Are Boosting Profit Margins

At the time of publication, Cramer's Action Alerts PLUS held no positions in any of the stocks mentioned, although positions may change at any time.

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