Jim Cramer on MasterCard: “It’s Just Such a Winner”

Mastercard Incorporated (NYSE:MA) is one of the stocks Jim Cramer recently provided insights on. Cramer called it a “great investment,” as he remarked:

“So let’s look at the six closest US contenders that could possibly become the next members of the trillionaires club when they handicap their odds. We’re going to do it just like race horses. We’re going to start with the long shots like MasterCard, which I’m paying at 50:1 odds as it is currently the furthest away from the finish line with a market cap of $517 billion. People always seem to be shocked when they hear how big these payments companies really are, but you know what?

They keep putting up steady earnings growth with no credit risk, and their stocks keep chugging along. MasterCard’s earnings have risen at a 16.8% compound annual growth rate over the past decade. This one’s slow and steady, which is why I call it a long shot. I owned it for a long time for the Charitable Trust. I shouldn’t have gotten bored with it. I mean, it’s just such a winner. It’s a great investment. Gotta be patient. Call it the sixth, most likely.”

Mastercard Incorporated (NYSE:MA) provides payment processing and related technology solutions. The company provides credit, debit, and prepaid products, along with digital, cross-border, and business payment services.

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Disclosure: None. This article is originally published at Insider Monkey.