2024-04-17 07:00:00 ET
Summary
- American Express has outperformed the S&P 500 due to its strong fundamentals and affluent customer base.
- The combination of a lucrative capital return policy and respectable growth makes the stock appealing.
- American Express' closed-loop network gives it a competitive advantage and allows for better visibility into customer spending habits.
- AXP stock should be able to meet or exceed expectations because of strong growth strategies in younger generations and international markets.
American Express Overview
I recommended American Express ( AXP ) nearly 3 months ago, and it has significantly outperformed the S&P 500 since. When I recommended the stock it was near all-time highs, but I suggested that due to the fundamentals and underlying strength of the company's affluent consumers, it could outperform expectations. The firm has outperformed its peers lately....
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For further details see:
American Express Pre-Earnings Report: Affluent American Consumer Likely Remains Strong