Jim Cramer -- MasterCard's Growth Is Amazing
Shares of MasterCard (MA) - Get Mastercard Incorporated Class A Report hit new all-time highs Friday after the credit card company reported better-than-expected earnings per share and revenue.
MasterCard had an "amazing" quarter, TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment.
The company's 21% profit growth was "really extraordinary" and is a top result among its peers, he added. The stock is rallying on these results, as it should it, Cramer added.
There is a notable flow by investors out of healthcare stocks into other sectors. "It's a one-way flow out of drugs stocks and into tech and financials," Cramer said.
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MasterCard put up "really amazing growth for that big of a company," Cramer concluded of the $116.5 billion company.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.
