American Express Company (NYSE:AXP<\/b>) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally<\/b>. Cramer was bullish on the stock during the episode, as he said:<\/p>\n American Express, its customer base skews wealthier, and demand for premium products can stay strong even if the rest of the economy slows down. You know exactly what you\u2019re going to get with American Express, although it does have again a much higher PE multiple\u2026\u00a0 If you want more exposure to an affluent consumer, you go with American Express.<\/p>\n<\/blockquote>\n Stock market data. Photo by Alesia Kozik on Pexels<\/p>\n 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. During the Squawk on the Street episode aired on April 1, Cramer mentioned the stock and said:<\/p>\n I think that American Express was one of the worst performers. I think American Express down 17% seems pretty interesting to me. I\u2019m willing to take a, I hate to say this, but a flyer, on some of these travel names, betting that they were too linked with gasoline. With gasoline, now breaching four dollar, but it can start coming down if the President says tonight, that the war\u2019s going to end soon.<\/p>\n<\/blockquote>\n While we acknowledge the potential of AXP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock<\/b>.<\/p>\n READ NEXT: <\/b>33 Stocks That Should Double in 3 Years<\/b> and <\/b>15 Stocks That Will Make You Rich in 10 Years<\/b>\u00a0<\/b><\/p>\n Disclosure: None. Follow Insider Monkey on Google News<\/b>.<\/b><\/p>\n<\/p><\/div>\n\n
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