CNBC's Jim Cramer said American Express' post-earnings sell-off has created a buying opportunity.
American Express down 13% after prioritizing growth reinvestment over EPS expansion; CEO Squeri channeling profits into Platinum card benefits, hitting 36% ROE. Signals to IT leaders: payments stack winners favor long-term value over quarterly beats.
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CNBC's Jim Cramer said Monday American Express
is prioritizing long-term growth over boosting earnings per share — and that's exactly why the stock is a buy.
"American Express is down more than 13% from its all-time highs set late last year," the "Mad Money" host said. "I think it's a terrific opportunity in one of the best-run companies on earth."
"I think you're getting a terrific buying opportunity," he said.
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