American Express: Too Expensive Even With A Resilient Customer Base (NYSE:AXP)

Shares of American Express ( AXP ) have been a solid performer over the past year, adding over 20%. More recently, shares have come under some pressure as concerns have mounted about discretionary spending, with the stock down about 9% from its highs. Given its higher-quality customerOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or h ...