Jim Cramer: Why MasterCard Is an Attractive Fundamental and Technical Buy Right Now
TheStreet's Jim Cramer says MasterCard is a brilliantly run company with a great opportunity to gain even more market share.
Jim Cramer is bullish on shares of MasterCard and owns it in the Action Alerts PLUS portfolio, while Jill Malandrino of TheStreet's Options Profits says traders are buying up calls on the site. This is a case where fundamentals, technicals and the options market are confirming strength in the stock. Cramer says MasterCard is a brilliantly run company with a great opportunity to gain even more market share. The stock has been moving steadily higher since MasterCard reported earnings and is on track to breach its 52-week high, while the options market is showing implied volatility at 52-weeks lows. This is a great setup for accumulating shares or to buy some premium in the options market.
