Jim Cramer's 'Stop Trading': Buy Visa

The credit card company's IPO is a buying opportunity, Cramer says.
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Buy Visa, Jim Cramer said on CNBC's "Stop Trading!" segment Monday.

Cramer made the call in anticipation of

Visa's

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

(XTO)

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

(NCC)

as one example.

Cramer also got behind

Mastercard

(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

MBIA

(MBI) - Get Report

and

Ambac

(ABK)

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

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

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