Jim Cramer Suggests Buying Visa on Weakness

Visa Inc. (NYSE:V) is one of the stocks in Jim Cramer’s game plan this week. Cramer suggested buying the stock on a dip, as he said:

“Hey, speaking of relentless, there’s almost always a wave of selling in Visa after the company reports because its financials are pretty hard to understand. If you look at the chart of this behemoth, though, I think you say, buy the dip, which is exactly what I expect will happen again. Be a buyer on… weakness.”

Jim Cramer Suggests Buying Visa on Weakness

A stock market data. Photo by Alesia Kozik on Pexels

Visa (NYSE:V) is a payment technology company that facilitates digital transactions through its global network, providing credit, debit, and prepaid solutions along with advanced payment, fraud prevention, and data services. Cramer mentioned the stock in a June episode and said:

“Over the past couple of weeks, Visa and MasterCard, two of my favorite companies, have pulled back sharply from their all-time highs. Wall Street’s suddenly worried about the whole payments industry, might be threatened by advances in crypto, especially now that Congress looks like it’ll pass its GENIUS Act, which establishes a framework for regulating Stablecoins. Visa fell over 10% from its high, set on June 11, to its low last Friday… This morning I spoke with Visa CEO, Ryan McInerney, and Ryan told me, I think, a story which made me feel like that, that you’d be nuts to be in this, frankly.”

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