Mastercard Incorporated (MA) Has Very Strong Fundamentals, Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About As He Warned About “Have-Not” Stocks. Mastercard Incorporated (NYSE:MA) is one of the stocks Jim Cramer recently discussed.

Mastercard Incorporated (NYSE:MA) is a payments processing firm whose shares have gained 8.6% year-to-date. The shares have struggled recently due to investor fears about the impact on the firm’s business model from stablecoins. Mastercard Incorporated (NYSE:MA)’s shares dipped by more than 9% in June once stablecoin legislation started making rounds in Congress. Cramer discussed the firm’s recent earnings report:

“[On strong performance]Well, that’s Michael Miebach. He just does double digit after double digit after double digit. He continues to be incredibly impressive. The CEO, they have continued momentum, very strong fundamentals. Great new partnership with American Airlines, they say, but also Uber.”

Cramer was also optimistic about Mastercard Incorporated (NYSE:MA) in his earlier remarks. Here is what he 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.”

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