Jim Cramer Highlighted Buying Opportunities in 13 Stocks

6. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 62

Discussing American Express Company (NYSE:AXP), Mad Money’s host said:

“I’ve seen this happen endlessly with American Express, AXP, too. It’ll creep up and the fact that the millennials and the gen-whatevers love it, and then it reports on a sleepy Friday, it always reports on Friday, and everyone runs from it like it’s got the bubonic plague. But two weeks later, American Express is up from where it was before the quarter and people have forgotten why they sold it.”

American Express (NYSE:AXP) offers a range of payment solutions, including credit and charge cards, banking services, expense management, travel services, and merchant solutions, alongside fraud prevention and customer loyalty programs. Whilst discussing the company recently, Cramer said:

“Stepping back, I think the travel and leisure stocks remain undervalued because so many analysts keep thinking this story just can’t last. American Express, phenomenal stock, because people can’t think that travel can maintain this incredible pace yet all it does is accelerate.”