Jim Cramer’s Latest Comments on These 17 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 mentioned in his latest comments. Cramer noted that the stock reached its all-time high. He said:

“It’s been at least a week since someone has urged their clients to buy the stock of American Express. I know it’s counterintuitive, but you believe this stock’s already at an all-time high today. That’s perfect because everyone likes a good price target boost. How can you not raise the price target of American Express when it’s never been this high?”

American Express Company (NYSE:AXP) provides credit and charge cards, payment processing, banking, and travel-related services. The company also offers merchant solutions and expense management tools. Cramer discussed the company’s earnings and had some positive opinions about it during the October 20 episode. He remarked:

“What was so great about this quarter that American Express finally… [broke] its post-earnings losing streak? Well, to start, the results were just fantastic… In short, the overseas business is great, too. Even better, American Express raised the low end of its full-year sales and earnings guidance… The credit metrics are improving. Tell that to the bears. The percent of card members’ loans and receivables that are 30 plus days past due remains at just 1.3%.

That number hasn’t budged over the past five quarters… What was different about this quarter, different enough to send the stock into the stratosphere? Okay, right at the start of the conference call on Friday, CEO Steve Squeri, one of my absolute favorite CEOs, said that the recent launch of their new platinum card has been a success…

Here’s the bottom line: On Friday, American Express reported a fantastic quarter. And for once, its stock actually rallied in response. Highly unusual, people, but it makes sense. The numbers remain excellent, including the credit metrics. The new platinum card is a huge hit. Frankly, I just wish the stock had sold off like usual so I could tell you to buy it on weakness. But hey, there’s always next quarter.”

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

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