U.S. stock markets have maintained their northward journey in 2024 after an astonishing rally in 2023. The bull run has gained further thrust as major stock indexes have posted multiple all-time highs on both intraday and closing basis so far this year. Year to date, the three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — have advanced 2.7%, 8% and 8.9%.However, the major driver of last year’s and this year’s rally was globally booming artificial intelligence (AI), especially generat ...

One of the secrets to Warren Buffett's investing success is holding on to stocks for the long term. Though Buffett may have "missed out" on certain stocks that have soared overnight, he's also avoided the major losses of some of the market's former highfliers.The chairman of Berkshire Hathaway has proven his strategy is one shareholders can count on to deliver excellent performance over the long term. Under his leadership, Berkshire Hathaway has generated a compounded annual gain of nearly 20% over 58 years ...

Schaeffer's Weekend Trader subscribers doubled their money with our American Express Company (NYSE:AXP) April 200 call recommendation in just over a month. Now that they've pocketed their profits, it seems like a good idea to review what went into this winning pick.At the time of our recommendation on Feb. 4, AXP had just completed a 7.1% gap higher following the credit card company's Jan. 26 earnings report. That post-earnings jump helped the equity clear and hold above its previous all-time high of $199.5 ...

American Express Company (AXP) announced that its board of directors increased its cash dividend to 70 cents per share from 60 cents, reflecting a 16.7% jump from the prior payout. The dividend will be paid out on May 10, 2024, to shareholders on record as of Apr 5.American Express has been a regular dividend-paying company for more than three decades, which is commendable. Based on the stock’s Mar 6 closing price of $218.45, the new dividend will yield 1.1% to the company. Prior to the recent dividend hike ...

NEW YORK--(BUSINESS WIRE)--The Board of Directors of American Express Company (NYSE: AXP) approved a $0.10 – or 17 percent – increase in the quarterly dividend on the company’s common stock, consistent with the planned increase discussed in the company’s fourth-quarter 2023 earnings release. The dividend was raised to $0.70 per common share, from $0.60, payable on May 10, 2024, to shareholders of record on April 5, 2024. ABOUT AMERICAN EXPRESS American Express is a globally integrated payments company, pr ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. American Express (AXP) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.American Express is a member of our Finance group, which includes 856 different companies and currently sits at #6 in the Zacks Sector Rank. The Zacks Sector ...

Dividends are a signal to investors of a profitable business. Typically the most successful companies pay investors to own their stock. They have been thoroughly tested by the market and have not only survived but thrived. No-frills dividend stocks also tend to make the best investments.The asset managers at Hartford Funds looked at the performance of the S&P 500 going all the way back to 1930. They found there was never a decade when dividend stocks on the index produced a negative return. Non-payers could ...

American Express Company (AXP) recently announced that it had collaborated with American Express Global Business Travel in a bid to aid small and mid-sized firms in managing their expenses efficiently. This will provide small business owners with a solution to tackle the inefficient handling of expenses.This move bodes well for American Express as this new integration will enhance its offerings in the Commercial Services space. The company has promising prospects as it continuously strengthens its foothold ...

Dividend investing is a common strategy for investors planning for retirement. Corporations that distribute dividends can help you cover living expenses without having to sell shares. Some stocks do a better job of raising their dividends than others. On the other hand, some corporations offer higher yields but lower dividend growth rates.Investors can choose from many dividend stocks. It’s a good idea to assess the fundamentals first and then look into a stock’s yield and dividend growth rate. Investors lo ...

Growth at a reasonable price, or GARP, is an excellent strategy to earn quick investment profits. The GARP approach helps identify stocks priced below the market or any suitable target determined by a fundamental analysis.The strategy helps investors gain exposure to stocks with impressive prospects and trading at a discount. GARP stocks have solid prospects for cash flow, revenues, earnings per share (EPS) and others.A portfolio based on the GARP strategy comprises stocks that offer the best value and grow ...