Jim Cramer Recently Covered These 10 Stocks

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1. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 70

American Express Company (NYSE:AXP) is one of the stocks Jim Cramer recently covered. Cramer highlighted the company’s quarter, as he said:

“… By the time we opened, we heard from a series of banks that were doing fine, and we got a spectacular quarter from American Express that fueled still one more rally.”

American Express Company (NYSE:AXP) provides payment, credit, and financing solutions along with travel, lifestyle, and expense management services. Moreover, the company offers merchant processing, loyalty programs, and fraud prevention solutions. Cramer mentioned the company during the September 22 episode and stated:

“Then there’s American Express, which just released a refreshed platinum card, you might have gotten it this weekend, that I’m sure will be a hit, especially with millennials and Gen Z. AMEX should have 12.6% earnings growth next year, just barely better than the market. And don’t be surprised if the actual earnings growth surprises to the upside. At the same time, it’s selling for less than 20 times next year’s numbers. That’s a bit cheaper than the overall S&P.”

While we acknowledge the potential of American Express Company (NYSE:AXP) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AXP and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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