Jim Cramer on American Express: “This Has One of the Most Reliably Unreliable Patterns”
Group 1 - American Express Company (NYSE:AXP) is highlighted as a stock to watch, with a tendency to decline after earnings reports, presenting a buying opportunity shortly thereafter [1] - The company has recently launched a refreshed platinum card, which is expected to appeal particularly to millennials and Gen Z [2] - American Express is projected to have 12.6% earnings growth next year, slightly above market expectations, and is currently trading at less than 20 times next year's earnings, which is relatively cheaper than the overall S&P [2] Group 2 - The article suggests that while American Express has potential, certain AI stocks may offer greater upside potential and lower downside risk [2]