Capital One Financial Corporation (NYSE:COF) is one of the 22 stocks Jim Cramer recently talked about. A caller asked Cramer if they can buy more stock at $215, despite it raising their cost basis from $170. In response, Cramer said:
“No, I won’t violate my cost basis. We got in at unbelievable prices. We bought it on the way down. People were shorted. People were banging it down. Richard Fairbank’s great. If he were to come on the show, maybe I would violate my basis, but in the meantime, we are sitting on a gold mine, and I think that stock, now that they bought Discover, we’re going to see great things out of them… It sells at 15 times earnings. I am saying we got a great basis, and I don’t violate it.”
A smiling face of a customer as they make a deposit at this company’s branch.
Capital One Financial (NYSE:COF) is a financial services holding company that provides credit cards, loans, and banking services. Additionally, the company offers advisory services and capital markets solutions.
While we acknowledge the potential of COF 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.
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Disclosure: None.
