Jim Cramer's Stop Trading: How Sanctions Against Russia Impact Visa, Mastercard

NEW YORK (TheStreet) -- Last time there were sanctions against Russia, Visa (V) and MasterCard (MA) got hit hard, according to TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio

However, on CNBC's "Cramer's Stop Trading" segment, he referred to a Reuters article saying that investors should not worry about Visa and Mastercard, which have hundreds of millions of cards in Russia.

These sanctions are "more bark, than bite," Cramer reasoned, judging by the stocks' price action. 

In regards to rebounding oil prices, he continues to like oil companies, as well as Magellan Midstream Partners (MMP), which should benefit from higher U.S. production.  


- - Written by Bret Kenwell in Petoskey, Mich.

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Amazon Is Not Killing Every Retailer, Only These Laggards

Amazon Is Not Killing Every Retailer, Only These Laggards

Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways

Nvidia Slides After Issuing Light Guidance: 5 Key Takeaways

Chip Stocks May Have Sold Off Too Much On Recent Spate of Bad News

Chip Stocks May Have Sold Off Too Much On Recent Spate of Bad News

Flashback Friday: Tesla Takes a Hit

Flashback Friday: Tesla Takes a Hit

How to Get Out of a Car Lease Early Without Penalty

How to Get Out of a Car Lease Early Without Penalty