Jim Cramer's Stop Trading, 2/25/08: Visa IPO Charges Ahead
Recap of Jim Cramer’s comments on Stop Trading! Monday February 25. Click on a stock ticker for more analysis:
Mastercard (MA) and Visa: Cramer would not let worries about the softening consumer prevent investors from taking advantage of the largest IPO in history and buying Visa. He also likes Mastercard, and says the two stocks are great plays on the global transition from paper to plastic. The fact Mastercard was down 5% is a great chance to load up on the stock. He adds it is time to stop selling banks like National City which own a lot of Visa.
Related: More on the Visa IPO.
Ambac (ABK), MBIA (MBI): Oil and monolines are the only two stories in the market these days, said Cramer who observed that when MBIA, ABK and oil go up the entire market rallies.
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