Jim Cramer's 'Stop Trading': Buy Visa

The credit card company's IPO is a buying opportunity, Cramer says.
Publish date:

Buy Visa, Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

Cramer made the call in anticipation of


initial public offering, which the company said would be priced at between $37 and $42 a share, raising a total of $15 billion to $17.1 billion. Another possible offering, implemented to meet demand, would boost the total to $18.8 billion. If successful, such an IPO would be the largest in U.S. history.

Cramer compared Visa's decision to sell additional shares to a secondary offering made by

XTO Energy


last week. He had strongly urged viewers to get in on that trade.

"You gotta stop selling a lot of the banks that own a lot of Visa," Cramer added. He mentioned

National City


as one example.

Cramer also got behind


(MA) - Get Report

. "I think Mastercard's great," he gushed, calling bears on the stock "naked," "polar" and "endangered." He explained that trade is "not an interest rate play. It's a paper-to-plastic play." He emphasized that Mastercard will benefit from an increasing number of transactions worldwide.

About the broader market, Cramer explained, "There are only two stories out here: the monolines and oil." He said that short pressure on


(MBI) - Get Report




causes the entire market to rise when those two stocks go up.

At the time of publication, Cramer was long XTO Energy.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click

here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click

here to order his book, "Real Money: Sane Investing in an Insane World," click

here to get his second book, "You Got Screwed!" and click

here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by

clicking here.

TheStreet.com has a revenue-sharing relationship with Traders' Library under which it receives a portion of the revenue from Traders' Library purchases by customers directed there from TheStreet.com.