Jim Cramer questions the downgrade of American Express Company (AXP) from Buy to Hold. Calamos Wealth Management LLC increases its stock position in AXP. Questions arise whether AXP is the best stock to buy from Mario Gabelli’s stock portfolio. AXP is down 2.7% due to spending jitters. AXP is cut to Neutral at BofA due to muted outlook for consumer spending. AXP's Q2 2024 financial results highlights are presented. Despite growth challenges faced by AXP, it is identified as a top momentous stock for the long-term. BofA Analyst identifies Synchrony and Capital One as potential alternatives. Warren Buffet and hedge funds are highly interested in AXP stock. AXP’s Q2 Earnings top estimates and its first-quarter revenue increased 11% to $15.8 Billion, reflecting continued business momentum. Amidst the surge of institutional investors who own 65% of AXP shares, some worry if the stock prices have run too fast, too soon.
American Express Company AXP News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sun, 25 Aug 2024 19:45:48 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 3
