American Express(AXP)
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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
Market Overview - The S&P 500 has increased by 21% over the last year, but experienced a 9% decline from July 16 to August 5 due to economic instability and a drop in Japanese markets, followed by a recovery of 5% as of August 13 [1] American Express (AXP) - American Express has seen a share price increase of 44% over the past year, recently experiencing a 10% decline but is now recovering [2] - For Q2 2024, American Express reported an 8% increase in total revenue and a 39% rise in net income year-over-year, with over three million new card signups, primarily from Gen Z and millennials, who now represent about 60% of new customers [2][3] Costco Wholesale (COST) - Costco's share price has risen by 57% over the past year, with a recent 6% decline during the stock market dip, which is now recovering [5] - In Q3 of fiscal year 2024, Costco reported a 9% increase in total revenue and a 29% rise in net income year-over-year, alongside an announcement to raise membership fees from $60 to $65 for primary memberships and from $120 to $130 for executive memberships [5] Seagate Technology (STX) - Seagate Technology's share price has increased by 45% over the past year, with a 15% decline during the recent stock market dip, which is also in the process of recovery [6] - For Q4 FY 2024, Seagate reported an 18% increase in total revenue year-over-year, shifting from a net loss of $92 million in Q4 FY 2023 to a net income of $513 million in Q4 FY 2024, beating analyst predictions and providing solid guidance for Q1 FY 2025 with expected revenue of $2.1 billion [6][7]
Prediction: This Stock Will Be Warren Buffett's Top Performer by 2030
The Motley Fool· 2024-08-10 08:17
Group 1: Investment Overview - American Express has been a significant long-term investment for Warren Buffett, with shares appreciating over tenfold since his initial purchase, yet they still appear undervalued today [1][3] - The company is expected to outperform the market and could be Buffett's top performer through 2030 due to its unique business model and strong brand [1][6] Group 2: Business Model and Brand Strength - American Express operates a unique credit card network, issuing its own cards and catering to a wealthier clientele, which creates a strong brand and customer loyalty [2] - The company has established a wide moat in the payments ecosystem, making it difficult for competitors to displace it [2] Group 3: Growth and Expansion - American Express has seen a resurgence in card member growth, adding 3.3 million new cards in the last quarter, up from 3 million in the same quarter the previous year [4] - The company has aggressively expanded its international acceptance locations, achieving a fourfold increase since 2017, which is crucial for driving payment growth [5] Group 4: Financial Performance and Future Outlook - American Express aims for a long-term revenue growth of 10% annually, with management projecting even faster earnings per share growth [6] - The stock currently has a dividend yield of 1.23%, with a potential to more than double its dividend per share by 2030 if revenue and earnings continue to grow [6]
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 ...
The 3 Best Financial Services Stocks to Buy in August 2024
Investor Place· 2024-08-09 11:30
It may not be the most exciting sector in which to invest, compared to tech and biotech. However, the best financial services stocks can offer a layer of stability to an investor’s portfolio like no other. But why?First, the industry itself is a multiplier of money. Firms compete for the best opportunities to expand investments while using cash to leverage future growth.Moreover, the financial services industry is deeply reliant on broader economic trends to remain solvent. Thus, with a global economic slow ...
3 Fintech Stocks to Buy During the August Market Dip
Investor Place· 2024-08-09 10:04
The fintech industry is growing rapidly in 2024, making the case for the best fintech stocks to buy on a dip. Despite operating in a more challenging macroeconomic environment, fintech companies continue expanding their revenue and earnings. August has been off to an extremely volatile start, to say the least. Earlier this week, Japan’s Nikkei saw its worst single-day crash since the notorious black Monday of 1987. The index plunged more than 12%, sending a ripple effect across the global stock market. Many ...
3 Dividend Stocks That Could Boost Your Income Portfolio
Investor Place· 2024-08-06 20:30
Dividend stocks allow investors to generate income without selling their assets. This setup presents several advantages. Dividend payouts can help with living expenses, and if you aren’t retired yet, you can reinvest each dividend back into the stock. The good hallmarks of a promising dividend stock include rising financials, an impressive dividend growth rate, and long-term catalysts. There’s more to analyzing a stock, but those three components help out a lot. While dividend stocks can generate steady inc ...
3 Warren Buffett Stocks to Buy Hand Over Fist in August
The Motley Fool· 2024-08-05 11:30
The Oracle of Omaha's reputation for picking winners remains intact. Feel free to follow his lead.Warren Buffett's understanding of how the stock market works is still second to none. That's the chief reason why -- after a short hiatus during and because of the COVID-19 pandemic -- Berkshire Hathaway is once again outperforming the overall market. You'd be wise to poach a few of Buffett's picks when you can.To this end, here's a closer look at three of the top Buffett picks to start with sooner rather than ...
The Top 7 Growth Stocks to Buy Now: Summer 2024
Investor Place· 2024-08-02 10:00
Growth stocks have enjoyed a 2-year comeback after posting disappointing results in 2022. The S&P 500 and Nasdaq Composite continue to charge toward all-time highs as big tech and artificial intelligence (AI) propel the indices. However, stocks outside of those sectors continue to perform well. Investors can find plenty of thriving growth stocks if they look at finance, athletic apparel and other industries that don’t receive as much attention from investors. Less attention isn’t a big thing. In fact, it ca ...
The 3 Biggest Earnings Beats for Q2 as of August 1, 2024
Investor Place· 2024-08-01 20:40
Stock prices follow earnings. This nugget of investing wisdom essentially says the most important thing long-term investors should focus on is the profits a company makes. Over time, a company growing its earnings will move the stock higher.Of course, it’s not a hard-and-fast rule. We’ve all seen stocks beat earnings estimates, and raise their outlooks for the year and the stock still falls. But that’s a short-term phenomenon. Successful, profitable companies will ultimately win the day.It stands to reason, ...