Visa shares jump on strong results. Why Cramer believes the rally is just starting

Key Points CNBC's Jim Cramer said Visa's strong quarterly earnings may spark a much-needed turnaround for the stock. Shares of the payments processor jumped more than 8% in Wednesday's session. CNBC's Jim Cramer said Wednesday that Visa's strong earnings may spark a sustained turnaround in the stock after a lackluster stretch. "It was disturbing to see it go down, down, down, because it makes you think that maybe things are slowing" in the economy, he said on " Squawk on the Street ." "I don't feel that way after this quarter." Shares of Visa jumped more than 8% Wednesday after the payments processor reported a quarterly beat on both earnings and revenue the night before. Investors were especially encouraged by the 12% increase in total cross-border volume — a closely watched proxy for international travel and one of the company's key growth drivers. It also includes international e-commerce transactions. "It's been just an OK stock this year," Cramer said, alluding to the fact Visa shares were down almost 12% in 2026 through Tuesday's close. "What you needed...was to see cross-border go double digits, and cross-border did, and that's a good sign." Visa also announced a $20 billion buyback authorization and raised its full-year guidance, reinforcing confidence in spending trends. CEO Ryan McInerney emphasized that demand remained resilient despite ongoing geopolitical uncertainty. …