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 ...

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 ...

Buffett has said he'll never sell this stock.Warren Buffett was making headlines for some of his recent trades even before his 13F filing last week, which detailed all of Berkshire Hathaway's trades in the second quarter. But that latest Securities and Exchange Commission filing brought even more news, and not just about stocks he bought and sold. One of his best-loved stocks has climbed into the No. 2 spot in the Berkshire Hathaway portfolio, and it's a name Buffett-watchers know well.What happened in the ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...