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Why Mastercard Stock Has Jim Cramer Worried About Markets Tuesday

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After initially opening higher, stocks were mixed in intraday trading Tuesday. 

Jim Cramer warned TheStreet Live viewers Monday that the month of August makes him nervous as it has historically been the worst month of the year for stocks since 1987.

That sentiment continued Tuesday.

“There are companies that...just seemed damned here,” Cramer told Action Alerts PLUS senior analyst Jeff Marks, citing the example of Mastercard  (MA) - Get Mastercard Inc. (MA) Report.

Mastercard was down over 2% to $365.92 as of intraday trading.

Cramer added that the delta variant has also impacted the market dynamic.

“When I look at the inability of certain stocks to bottom, I find it concerning. It feels like the first round of COVID,” Cramer said.

TheStreet Live Recap: Everything Jim Cramer Is Watching 8/3/21

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