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3 Reasons to Buy American Express Stock Right Now
American Express (NYSE: AXP) has gained a reputation as an incredibly reliable, robust financial services company over the past several years, demonstrating resilience under pressure and a strong spirit of innovation. Although it's marking its 175th anniversary in business this year, it's as modern and relevant as ever and continues to innovate, finding new ways to keep growing its operations for new generations of customers.Here are three reasons this company's stock is flashing a bright buy signal right now.American Express targets an affluent consumer who tends to have more money to spend and is less influenced by adverse changes to the economy. The main spending categories that its customers use AmEx cards for are travel and entertainment, rather than goods and services. This suggests its clientele spends on the extras in life (although that's been muted recently in the inflationary environment).Continue reading
American Express (NYSE: AXP) has gained a reputation as an incredibly reliable, robust financial services company over the past several years, demonstrating resilience under pressure and a strong spirit of innovation. Although it's marking its 175th anniversary in business this year, it's as modern and relevant as ever and continues to innovate, finding new ways to keep growing its operations for new generations of customers.
Here are three reasons this company's stock is flashing a bright buy signal right now.
American Express targets an affluent consumer who tends to have more money to spend and is less influenced by adverse changes to the economy. The main spending categories that its customers use AmEx cards for are travel and entertainment, rather than goods and services. This suggests its clientele spends on the extras in life (although that's been muted recently in the inflationary environment).
