Is American Express Built for the Next Decade of Spending?
Key takeaways
- AXP NVDA American Express (NYSE: AXP) is undoubtedly the leader in the premium segment of the credit card market.
- The market cares what American Express' performance will look like in the future.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
AXP NVDA American Express (NYSE: AXP) is undoubtedly the leader in the premium segment of the credit card market. It has registered durable growth, with net revenue rising at a compound annual rate of 8.8% in the past 10 years. The top line was lifted by billed business, the amount of payment volume the company handles, growing at a 5.4% yearly clip.
The market cares what American Express' performance will look like in the future. Is this financial stock built for the next decade of spending? Investors will struggle to find reasons to be bearish on this business.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »