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American Express Stock Gains Momentum with Jim Cramer’s Endorsement
American Express Stock Gains Momentum with Jim Cramer’s Endorsement
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BTCCSquare news:
American Express shares have surged 27.4% over the past year and 163.2% over three years, drawing attention from market commentators like Jim Cramer. The financial services giant trades at less than 20 times next year's earnings, presenting a relatively cheap option in the S&P 500. Cramer highlights its 12.6% projected earnings growth and a refreshed platinum card targeting millennials and Gen Z.
Valuation models show mixed signals—Excess Returns suggests a 10.4% overvaluation, while PE analysis indicates fair pricing. Analysts see potential for upside surprises, reinforcing the stock's bullish momentum.
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