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Compiling comments that experts make about stocks while on public TV.

2017-10-12

Opinion for American Express (AXP-N)

Signal Price Bias Subject Owned
PAST TOP PICK $91.610 OPTIMISTIC NORTH AMERICAN - LARGE & ETFs Yes

(A Top Pick Aug 26/16. Up 44%.) Still likes this. It just hit new highs yesterday. Trading at about 15X forward earnings with a 10% growth rate, giving it a 1.5X PEG ratio. 1.5% dividend yield will grow at about 10% a year. They are aiming to lower their profits and rates to entice more merchants to accept its cards, by 2019. Thinks it will continue to do very well, particularly with interest rates moving higher and a possible tax reform.

Stan Wong
Director & Portfolio Manager, Private Wealth Management, ScotiaMcleod http://www.stanwong.com

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