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NEW YORK (TheStreet) -- Apple's  (AAPL) - Get Apple Inc. (AAPL) Reportpayment processing service Apple Pay will "take the country by storm," and TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, couldn't be happier that two of his AAP holdings -- Apple and Walgreen (WAG) -- will be working together. 

With CVS Health (CVS) - Get CVS Health Corporation Report and Rite Aid (RAD) - Get Rite Aid Corporation Report  already on record that they won't accept Apple Pay, that leaves Walgreen the biggest beneficiary, he said during CNBC's "Cramer's Stop Trading" segment Tuesday. 

Shares of Apple have enjoyed a nice ride in 2014, climbing 32.6%. Rite Aid started off 2014 by climbing 41.7% in the first six months of the year. Since then, shares have plummeted 31% and are now down 2.3% on the year and 1.7% in the past 12 months. 


CVS Caremark and Walgreen WAG data by YCharts

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Apple Pay is secure and private, Cramer explained, and customers will appreciate that. For that reason, Walgreen could see an increase in traffic as customers move away from its rivals. 

"There's going to be a stampede by retailers" to get Apple Pay, he concluded, adding that Apple is going to do for payments what it did for music via iTunes.

-- Written by Bret Kenwell 

Follow @BretKenwell

At the time of publication, Cramer's Action Alerts PLUS had a position in AAPL and WAG.