Cramer Says Buy MasterCard (MA) 'On the Way Down'

During last night's Lightning Round, Jim Cramer told a caller that he likes MasterCard (NYSE: MA) and believes that business is too strong at the credit-card processor to ignore. While Cramer sees some downside risk in the stock, he feels investors could be safe buying MasterCard "on the way down". Cramer also called MasterCard's recent Q3 earnings "great".

Shares of MasterCard are currently one of the few stocks trading in positive territory today. The stock is currently at $142.25, up about 0.5% from yesterday's closing price.

MasterCard Incorporated, together with its subsidiaries, provides transaction processing and related services to customers principally in support of their credit, deposit access, electronic cash and automated teller machine payment card programs, and travelers cheque programs.

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