We recently published Jim Cramer Discussed These 13 Stocks and Shared a Major Warning About Rare Earth Stocks. American Express Company (NYSE: AXP) is one of the stocks that Jim Cramer has been talking about recently.
Shares of American Express Company (NYSE:AXP) have gained 17% year to date. They closed up 7% last Thursday following the release of the company’s third quarter financial results. The results helped American Express Company (NYSE: AXP) raise its full-year earnings per share guidance to $15.20 to $15.50 and revenue growth of 9% to 10% from previous estimates. In his previous comments about the company, Cramer remained bullish on the company’s CEO, Steve Squeri. He also praised American Express Company’s (NYSE: AXP) payment cards and their popularity among younger users. In this appearance, he discussed the company in the context of a turbulent environment for financial services and banking stocks:
“I think American Express was one of the best quarters I’ve ever seen. Steve Squeri came up with some numbers. Look, if you default, you’re going to default on American Express. Nobody defaults here. Nobody. You can’t leave the house without it.”
American Express Company’s (NYSE:AXP) earnings also demonstrated Cramer’s prescience, as he commented before the earnings release:
“AMEX is expected to see earnings growth of 12.6% next year, only slightly better than the market. And don’t be surprised if actual earnings growth surprises on the upside.”
While we recognize AXP’s potential as an investment, our belief lies in the belief that certain AI stocks have more promise in terms of higher returns and have limited downside risk. If you’re looking for an extremely cheap AI stock that’s also a top beneficiary of Trump’s tariffs and relocation, check out our free report on the best AI stock in the short term.
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Disclosure: None. This article was originally published on Initiated Monkey.
