
Cramer's 'Stop Trading!': Tech Rally
Credit cards will survive under the credit card "bill of rights," companies, said Jim Cramer on Monday's "Stop Trading!" segment on CNBC. "I still think these guys are great at being able to sell their companies to people," he said. "They're really fabulous marketers."
He said
MasterCard
(MA) - Get Mastercard Incorporated Class A Report
and
Visa
(V) - Get Visa Inc. Class A Report
"didn't have the debt default issues" and so were in a different category.
Visa, which Cramer's been buying for his
charitable trust, is "really a debit card, and it's debit that's taking off," he said. "I love my debit card because it keeps me out of trouble, and I think a lot of Americans feel that way."
As for the tech rally, "it's like clockwork," Cramer said. "Once again, in the gloom of this morning, I see the uptick again" in
Research In Motion
(RIMM)
,
Amazon
TheStreet Recommends
(AMZN) - Get Amazon.com, Inc. Report
,
(GOOG) - Get Alphabet Inc. Class C Report
and
Apple
(AAPL) - Get Apple Inc. Report
.
He also said the
Microsoft
(MSFT) - Get Microsoft Corporation Report
"deal is red hot."
At the time of publication, Cramer was long Visa.
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