Jim Cramer Spotlights These Undervalued S&P 500 Stocks With Growth Potential Amid Skyrocketing Market - Apollo Asset Management (NYSE:APO), American Express (NYSE:AXP)

Core Viewpoint - Jim Cramer identifies several undervalued stocks in the S&P 500 that present growth potential despite the market reaching record highs [1]. Group 1: Consumer Sector - T-Mobile US Inc. (TMUS) is highlighted for its strong team despite recent leadership changes [2]. - Royal Caribbean Group (RCL), Expedia Group Inc. (EXPE), and Dollar Tree Inc. (DLTR) are noted as potential bargains in the consumer sector [2]. Group 2: Financial Sector - Capital One Financial Corp. (COF), American Express Co. (AXP), Citigroup Inc. (C), and KeyCorp (KEY) are recommended as undervalued stocks [3]. - Additional mentions include Charles Schwab Corp. (SCHW), Chubb Ltd. (CB), and Apollo Global Management Inc. (APO) [3]. Group 3: Healthcare and Technology Sectors - Incyte Corp. (INCY) is recommended in the healthcare sector [4]. - Dell Technologies Inc. (DELL) and Jabil Inc. (JBL) are suggested in the tech industry, with Dell noted for its role in artificial intelligence infrastructure [4][5]. Group 4: Industrial, Utility, and Real Estate Sectors - Caterpillar Inc. (CAT), Cummins Inc. (CMI), and Jacobs Solutions Inc. (J) are favored industrial stocks [4]. - Entergy Corp. (ETR) and Boston Properties Inc. (BXP) are mentioned in the utility and real estate sectors, respectively [4]. Group 5: Market Context - Cramer's focus on undervalued stocks comes amid a market rally, where he has expressed concerns about speculation in risk assets [5]. - He previously suggested Canadian National Railway Company (CNI) as "way too cheap" [5].