2 Stocks to Buy If This Tariff-Fueled Market Downturn Continues

The stock market is on a volatility roller coaster. After falling sharply in recent weeks, the S&P 500 index closed up over 10% on April 9 thanks to an announcement by the Trump administration about a pause on tariffs over the next 90 days for countries around the world (excluding China), a big walk back from just a few days ago. The next day, the market slid back down.Who knows what will happen tomorrow, next week, or next month in regards to tariffs? As investors, this is out of our control. What we do control is taking advantage of any dips in the stock market and buying shares in companies on our watchlists that have gone on sale. If this stock market downturn continues, here are two stocks to buy for your portfolio and hold for the long haul.American Express (NYSE: AXP) has been a mainstay brand for decades. With its high-fee cards with travel perks, cardholders stick around for years as customers, leading to steady revenue growth for the parent company. Unlike other credit card companies, American Express tailors its business to wealthier spenders and has a more diversified revenue base. Since it operates its own payments network, over half of American Express' revenue comes from credit card swipe fees.Continue reading

Apr 12, 2025 - 14:50

2 Stocks to Buy If This Tariff-Fueled Market Downturn Continues

The stock market is on a volatility roller coaster. After falling sharply in recent weeks, the S&P 500 index closed up over 10% on April 9 thanks to an announcement by the Trump administration about a pause on tariffs over the next 90 days for countries around the world (excluding China), a big walk back from just a few days ago. The next day, the market slid back down.

Who knows what will happen tomorrow, next week, or next month in regards to tariffs? As investors, this is out of our control. What we do control is taking advantage of any dips in the stock market and buying shares in companies on our watchlists that have gone on sale. If this stock market downturn continues, here are two stocks to buy for your portfolio and hold for the long haul.

American Express (NYSE: AXP) has been a mainstay brand for decades. With its high-fee cards with travel perks, cardholders stick around for years as customers, leading to steady revenue growth for the parent company. Unlike other credit card companies, American Express tailors its business to wealthier spenders and has a more diversified revenue base. Since it operates its own payments network, over half of American Express' revenue comes from credit card swipe fees.