Jim Cramer on Mastercard: “You Can Put This One on Auto”

Mastercard Incorporated (NYSE:MA) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer expects the company to report an “enviable quarter.” He remarked:

“Thursday morning, we’ve got another company that should report an enviable quarter, and that is MasterCard. You can put this one on auto. MasterCard’s going to be great. I mean, it’s like I saw it, the script, in my sleep.”

cardmapr-nl-5x7Zl8QXFvg-unsplash.jpg

Mastercard Incorporated (NYSE:MA) provides global payment processing and financial technology solutions. The company offers credit, debit, and prepaid products, cross-border and digital payment services, and security and analytics tools. Cramer mentioned the company during the June 27 episode and said:

“Okay, this is a very hard question because Visa and MasterCard are valued much more highly, I think, than American Express in terms of PE multiple. I want American Express of these three, and I’ll tell you why. I think America’s Express has got this younger demographic that is really exciting and not really built into the price-to-earnings multiple. That said, look, these are all great companies… I met with Mastercard’s management this week. I talked with Visa’s management. You’re not going to go wrong owning any one of these companies. They’re three of the best companies in America.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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