American Express(AXP)

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AmEx Stock Rallies 37.2% YTD: Time to Buy, Sell or Hold?
ZACKS· 2024-08-29 19:35
American Express Company’s (AXP) shares have risen 37.2% in the year-to-date period, outperforming the industry’s growth of 6.5%. It also outperformed its peers like Mastercard Incorporated (MA) , Visa Inc. (V) , and Euronet Worldwide, Inc. (EEFT) , which have gained 3.9%, 10.6% and 3.5%, respectively, in the same time frame.A strong revenue growth outlook, continued growth in card fees, and discount revenues are buoying the company’s price performance. AXP expects its long-term revenue and EPS growth to be ...
Worried About a Recession? Buy These 2 Top Dividend Stocks and Relax.
The Motley Fool· 2024-08-29 13:42
These are both Warren Buffett stocks -- and Buffett knows how to pick a good dividend stock.Investing doesn't have to be complicated, but it's not as simple as finding the next big thing, at least for most people. Long-term investing success requires a strategy that includes diversification, with a mix of different stock types that help grow your portfolio under good circumstances and shield it under worse circumstances. Only having growth stocks could be a risky allocation, especially when there are bear m ...
American Express (AXP) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-08-27 13:14
In the latest trading session, American Express (AXP) closed at $253.88, marking a +1.03% move from the previous day. This change outpaced the S&P 500's 0.32% loss on the day. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.85%.Coming into today, shares of the credit card issuer and global payments company had gained 2.2% in the past month. In that same time, the Finance sector gained 2.55%, while the S&P 500 gained 1.52%.The investment community will ...
AmEx (AXP) Down 2.7% on Spending Jitters: Wallets on Edge?
ZACKS· 2024-08-22 17:45
American Express Company (AXP) stocks fell 2.7% yesterday, following Bank of America Securities analysts downgrading the integrated payments company to Neutral from Buy. Analysts raised concerns as the stock is operating in a challenging spending environment and has a premium valuation, which is limiting its upside potential.AXP Stock’s ValuationAmerican Express' valuation seems expensive at the current levels. The stock is now trading at 17.31X forward 12-month price-to-earnings, which is higher than its f ...
This Company Just Became Warren Buffett's Second-Biggest Stock Holding. Is It a Buy Today?
The Motley Fool· 2024-08-22 13:30
Group 1 - Warren Buffett has significantly adjusted his portfolio, selling a portion of Apple and Bank of America, while American Express has become his second-largest holding [2][3] - Apple now constitutes just under 29% of Berkshire Hathaway's portfolio, down from nearly half, indicating a strategic reallocation rather than a loss of faith in the tech giant [2] - American Express is praised for its strong brand, competitive advantages, and management's ability to adapt to changing consumer demographics, particularly targeting younger consumers [4][5] Group 2 - American Express is expected to achieve revenue growth of about 10% this year, with strong earnings per share growth anticipated for the long term [5] - The company operates on a closed-loop model, underwriting its own loans, which differentiates it from competitors like Visa and Mastercard [6] - American Express typically trades at a price-to-earnings ratio of 19, compared to the S&P 500 average of 27, indicating it is often undervalued [8] Group 3 - The company has demonstrated a commitment to shareholder value through dividend increases and share buybacks, aligning with Buffett's investment philosophy [8] - American Express is characterized as a value stock, making it suitable for value investors seeking stable growth and reliable dividends [9]
Amex Stock Drops as BofA Analysts Warn of Weak Consumer Spending
Investopedia· 2024-08-21 20:36
Key TakeawaysAmerican Express (Amex) has "limited incremental upside," according to Bank of America Securities (BofA) analysts.The investment firm downgraded Amex stock to "neutral" from "buy," while retaining a price target of $263 a share.Analysts warned of Amex facing a challenging spending environment, even among high-end consumers. American Express (AXP) shares traded lower Wednesday after Bank of America Securities analysts raised concerns that the stock was trading at a premium without too much poten ...
7 Growth Stocks to Buy on Encouraging Earnings Results
Investor Place· 2024-08-15 10:45
Many corporations have reported earnings over the past few weeks. The steady stream of earnings reports gives investors a better idea of how to value companies and what to expect from them moving forward.Some growth stocks continued to excel, posting rising revenue and profit margins. However, other growth stocks demonstrated possible challenges along the horizon. Those corporations often posted decelerating year-over-year (YOY) revenue and net income growth.Buying and holding reliable corporations allows i ...
3 S&P 500 Stocks to Buy on the Dip: August 2024
Investor Place· 2024-08-15 10:15
The S&P 500 is one of the major indices that tracks the largest companies trading on the U.S. stock market, similar to the Nasdaq and Dow. It encompasses a wide range of S&P 500 stocks, with some of the most significant and influential companies in the market.Over the last year, the S&P 500 has increased by 21%. From July 16 to Aug. 5, the index fell by 9% due to overall economic instability and the drop in Japanese markets, sparking investors’ fears. Since then, it has begun to recover, rising by 5% as of ...
Prediction: This Stock Will Be Warren Buffett's Top Performer by 2030
The Motley Fool· 2024-08-10 08:17
This stock has been a huge under-the-radar winner for Buffett and still has room to run.Everyone knows about Warren Buffett's monster Apple (NASDAQ: AAPL) investment. The huge hundred-billion-dollar winner -- which Buffett recently trimmed -- is quoted time and time again as one of Berkshire Hathaway's best investments. However, the investment has been held for fewer than 10 years, while Buffett has been investing for more than 60. Buffett has bought and held American Express (AXP 1.85%) for many years long ...
The 7 Best Dividend Stocks to Buy Now: August 2024
Investor Place· 2024-08-09 13:24
You don’t have to buy real estate to generate cash flow from your assets. Not only is it easier to buy the best dividend stocks with any amount of capital, but it also takes less work to stay on top of these investments.Dividend-paying corporations often distribute dividends each quarter and raise their dividends each year. Some companies have kept their dividend programs intact for decades, while others have only been paying dividends for a few years. Most dividend investors reinvest their dividends unless ...