Jim Cramer Discussed These 10 Stocks, AI Power Demand & Healthcare

4. American Express Company (NYSE:AXP)

Number of Hedge Fund Holders In Q3 2024: 62

American Express Company (NYSE:AXP) is one of the most well-known financial services firms in America. The firm is one of the earliest movers in the payment card industry. Its shares are up by 57% over the past year as American Express Company (NYSE:AXP) managed to beat multiple quarterly estimates in 2024 either through higher spending on its platforms or through financial discipline. In 2025, its shares are up by 5.7% after having dropped by 3.2% since its Q4 earnings report. The results saw American Express Company (NYSE:AXP) guide 2025 revenue growth at a 9% midpoint which appeared to be a tepid beat over analysts’ 8.1% estimate. Cramer, however, gushed about the stock:

“What I think that’s most impressive about Amex, and I think that would really perplex Jay Powell, this spend is insane in this country. The amount of people traveling. The bump up to first class, from commercial, from the, you know what second class we’ll call it, David.  Uh, the amount of people just, the frequency at which people are having a dinner out. I don’t know what to say, there’s a burst of optimism that is being translated into spend. And particularly for younger people that I’m just flabbergasted about. It just can’t stop!

“[on whether the high spending was leading to the stock’s strong performance] Well I think that this is the last poor quarter, and I talked to Steve Squeri, this keeps happening. The stock goes up huge ahead. I mean there’s one of the greatest charts of all time. And then people say oh it wasn’t, you know eight to ten, it gave to eight to ten, so it didn’t blow things away. I mean this guy is delivering a level of consistency that is so much better than everybody else. You could take all those fintech stories and this is just the best one. . . . .But American Express, no flies, good quarter, Steve Squeri doing a terrific job, at one point the stock was down twelve. I don’t know who does this, uh ahead of the quarter, but when I speak to them I just think, just wow and their customers love it.”