Cramer said shorts are getting crushed as shares of the credit card transaction processor soar. "This was the ultimate bet against the consumer," Cramer said. He said lots of people were expecting the cooling of the housing market to crush consumer spending, leading to hard times for the likes of MasterCard and soon to be public rival Visa.
But instead, numbers have been strong and the company hasn't had to do a secondary, meaning there's no float. "Next stop $110," Cramer said of MasterCard, up $6 Monday at $95.50.
Cramer also likes
( FS), saying worries about the high-end hotel chain's earnings multiple are overblown. Skeptics wonder how a buyout group led by CEO Isidore Sharp can pay a 28% premium on a 40-multiple stock, but Cramer said Sharp is a smart executive and that the company has great earnings power, particularly at a time when terrorist fears have recently been subdued.
One thing Cramer doesn't like is a UBS downgrade of
. He said he would buy the home-improvement retailers "hand over fist" because shares in other retailers have ramped, and Lowe's and Home Depot seem like a good bet to follow suit. Cramer pointed out that earnings reports out of the home-improvement sector have been mixed, with bears focusing on soft numbers at
but ignoring solid reports at
Black & Decker
Cramer also applauded investing giant Julian Robertson for making a "nice call" Friday to buy Irish airline
, whose shares rose 6% Monday after a solid earnings performance.
At the time of publication, Cramer had no position in stocks mentioned.
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
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