Jim Cramer on JPMorgan: “My Suggestion Is Wait to See If Jamie’s Worried, Cautious, Even Pessimistic”

JPMorgan Chase & Co. (NYSE:JPM) is one of the stocks on Jim Cramer’s game plan for this week. Cramer highlighted his expectations from the company’s post-earnings conference call, as he stated:

“Tuesday also marks the start of earnings season with none other than the quarterly report of, yes, JPMorgan. Now, I am worried about this conference call, not the quarter, the call. The stock’s coming in red hot, and I don’t think the company will be as ebullient as the stock would indicate. You gotta remember, CEO Jamie Dimon has a certain style. When things are good, he likes to talk about what could go wrong, not what could go right. Things are good. That orientation’s what often terrifies people, though.

I want to emphasize, I think JPMorgan’s actual quarter will be amazing, but that’s not the point. Jamie’s cautious comments crushed his own stock last quarter. He could do it again. Remember, I told you, buy it into that weakness. I hope I can be as clairvoyant at this time. My suggestion is wait to see if Jamie’s worried, cautious, even pessimistic. Watch the stock go down. If that happens, you can pounce on some of it at the end of the day, and you buy some, and then you may have to buy some the next day.”

Pixabay/Public Domain

JPMorgan Chase & Co. (NYSE:JPM) provides financial services, including banking, lending, payments, and investment management. In addition, the company offers investment banking, asset management, and advisory solutions.

While we acknowledge the risk and potential of JPM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than JPM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.