Jim Cramer Discussed Trump, CEOs & These 10 Stocks

2. American Express Company (NYSE:AXP)

Number of Hedge Fund Holdings: 75

American Express Company (NYSE:AXP)’s shares are up by 12% over the past year and are down by 3.8% year-to-date. BTIG raised the firm’s share price target to $328 from $307 and kept a Sell rating on the stock in January. The financial firm based its decision on estimates about spending data, deposit rates, and Fed Funds rate probabilities. BTIG added that credit conditions appeared to be stable and there appeared to be no volatility on the horizon. Similarly, JPMorgan raised American Express Company (NYSE:AXP)’s share price target to $385 from $360 and kept a Neutral rating on the shares. President Trump’s recent suggestion to cap credit card interest rates at 10% played a role in JPMorgan’s coverage. The bank remarked that if the cap is implemented, then the entire card industry could be reshaped in the form of lower profitability and reduced access to credit. Cramer briefly discussed American Express Company (NYSE:AXP)’s CEO and the firm’s popularity with younger users:

“Steve Squeri’s so good, he’ll able to continue to get his Gen Z cohort, and people like my wife will continue to buy the black card just so they can take out the black card. . .”