Jim Cramer: Visa Is 'Too Close To All-Time High,' Chart Industries Is 'Absolutely Terrific'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he likes Visa Inc. (NYSE: V) very much here and also likes that settlement that was announced on Tuesday. "The stock is too close to it’s all time high. If it comes in a little, I would be a buyer," he added.

Visa and Mastercard Incorporated (NYSE: MA) reached a landmark antitrust class action settlement with U.S. merchants. Subject to approval by the U.S. District Court for the Eastern District of New York, the settlement is one of the largest in U.S. antitrust history, according to a statement.

Cramer said no to State Street Corporation (NYSE: STT) and said he likes Wells Fargo & Company (NYSE: WFC) and Morgan Stanley (NYSE: MS).

State Street is expected to release financial results for its first quarter on Friday, April 12, 2024.

The "Mad Money" host said Chart Industries, Inc. (NYSE: GTLS) is "absolutely terrific."

On March 20, Chart Industries entered into collaboration with GasLog LNG Services on large scale liquid hydrogen deployment.

When asked about AECOM (NYSE: ACM), he said, "We’re not going to buy stocks that close to their high when the market looks soggy like it does now, we want it to come in a little before we buy AECOM."

On March 21, AECOM announced that its Board of Directors has declared a quarterly cash dividend of 22 CENTS per share as part of its ongoing quarterly dividend program.

Huntington Ingalls Industries, Inc. (NYSE: HII) is a "very good navy contractor that I’ve liked ever since the spin off, " Cramer said. "It’s had a very big run, but I think it can go higher. It’s a winner, not a loser."

On March 21, JPMorgan analyst Seth Seifman maintained Huntington Ingalls Industries with an Overweight and raised the price target from $288 to $295.

Price Action:

• Shares of State Street gained 0.7% to close at $76.18 on Tuesday.
• Visa shares fell 0.2% to close at $280.60.
• Huntington Ingalls shares fell 0.3% to settle at $289.87 on Tuesday.
• Chart Industries shares gained 2.2% to close at $163.05.
• AECOM shares gained 1.1% to settle at $96.86 on Tuesday.

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