Jim Cramer Says “You Need to Be Able to Get in Visa at a Good Price”

Visa Inc. (NYSE:V) is one of the stocks Jim Cramer offered insights on. A caller inquired about the impact of stablecoins and blockchain competition on the recent stock decline. Cramer replied:

“Okay… you’re right in my wheelhouse. Let me tell you, you’re right in my wheelhouse. That’s what’s called the opportunity. These different little entities, and they are very little, have created the opportunity that you need to be able to get in Visa at a good price. Periodically, you get it at a good price, and when you do, pull the trigger.”

Photo by Adam Nowakowski on Unsplash

Visa Inc. (NYSE:V) is a payment technology company that runs VisaNet to process transactions and provides credit, debit, and prepaid products along with digital payment services. The company also provides cross-border and business payment solutions, fraud prevention, analytics, and consulting. Cramer discussed the stock upon inquiry by a caller in a June episode. He commented:

“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.”

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