Jim Cramer said on CNBC's Mad Money that traders are selling Visa Inc V because it doesn't rely on higher interest rates. They want exposure to banks which benefit from rate hikes so they are switching to stocks like Bank of America Corp BAC. He thinks Visa has a strong business and his charitable trust continues to own it.
Cramer likes FedEx Corporation FDX and United Parcel Service, Inc. UPS, but he would rather buy Amazon.com, Inc. AMZN. He explained that FedEx and UPS are good companies, but they have already moved up a lot.
Southern Co SO is not one of Cramer's favorite stocks in the sector because it has some risk to its business. He would buy it when its dividend yield reaches 5 percent.
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