Jim Cramer is Talking About These 14 Stocks Before Earnings

9. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders: 68

Cramer likes American Express Company (NYSE:AXP) stock and has been recommending it for a while now. He explained:

“Finally… one of my favorite companies, American Express. The last two times it got hit, I told you to buy it. That was right. Maybe the third time’s the charm, and it won’t even go down. The Amex conference call is a great affair because the company gives you so much information about who’s spending, what people are doing. Gen X, Gen Z, they got it all. If you monitor this one, if it gets hit, I’m going to tell you, it’ll probably be a buy. It’s been right and I’m not going to change my view.”

American Express (NYSE:AXP) is a financial services provider, best known for its credit and charge card offerings, as well as its banking solutions and expense management services. Recently, in an episode of Mad Money, Cramer discussed the stock’s recent downgrade by JPMorgan, which shifted its rating from Buy to Hold. Cramer expressed concerns about the timing of this decision, especially considering the potential for a rate-cutting cycle in the near future. He suggested that selling shares at this point could result in missing out on future gains as the stock may rebound quickly from such downgrades.

In the second quarter, American Express (NYSE:AXP) reported total revenue of $12.6 billion, with an impressive 77% generated from non-interest income. The income primarily comes from discount revenue earned from merchants and various fees charged to cardholders.

Furthermore, on October 14, Monness Crespi raised the price target on the stock to $300 from $265 and kept a Buy rating ahead of the company’s upcoming third-quarter results. The changes are owed to updates to the firm’s quarterly estimates, particularly for the calendar year 2025. The analysis also notes expectations for the company’s growth to outperform competitors like Visa and Mastercard in what is anticipated to be a softer spending environment, which could further solidify its position in the market.