bobbyusc
05-22-2007, 10:14 AM
I think that Cramer's recommendation of American Express (AXP) is based on solid ground. Here are my reasons to like the stock; comsumer spending is high, retail is on fire (where are all the customers getting the cash if not from credit cards?), many will chase this stock because they have missed out on Master card. The stock has had a run lately though, and the trading range is getting tighter, I think a pull back to 62ish would be a buy. Whatcha think?