Jim Cramer Says Visa Sellers Are Wrong

Visa Inc. (NYSE:V) is one of the 12 stocks on Jim Cramer’s radar recently. During the episode, a caller asked about the company, and Cramer replied:

“Alright, well, look, let me just go over this Visa situation. There have been many, many times in my career that people have challenged Visa. Many times that people have sold Visa. Every time, they are wrong, and they’ll be wrong again.”

Visa (NYSE:V) is a payment technology company that enables transactions through its global network. The company provides card products, digital payment solutions, risk management tools, and consulting services. On June 5, discussing the “new high” list, Cramer commented on the company as he said:

“Now, there are plenty of fintechs that have come public in the last 10 years. They always have their adherence and believe the whole group should be on the 52-week high list. It is so overloved that it makes me sick. I find these now repulsive. But if you want to know what a reliable fintech looks like, look no further than Visa, which I can’t believe is on the high list even though it had a terrific quarter, of course… Visa’s the one that’s made it right now.”

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