Jenny Harrington, CEO, Gilman Hill Asset Management American Express AXP-N PARTIAL SELL Nov 15, 2024

A bit more credit risk than other names. All the credit card companies are good, but he prefers and owns Visa.

It reports Friday. Every time it reports, the stock takes a hit that day, but AXP has had a juggernaut run in recent years.

Positioned higher on the socio-economic side than Visa or MA, so it doesn't have a lot of credit problems. Absolutely spectacular track record. Extremely profitable right through the entire financial crisis. Earnings growth at the 15% annualized level, trades at only 18x. Excess cash generation. Repurchased ~40% of stock in last 20 years. Yield is 1.17%, keeps jacking it up.

Also a core holding of his good friend Warren Buffett ;)

It reports Thursday. It trades on new card sign-ups, especially from young people and he expects that in the report. But careful: they usually trades badly in the morning of a report, then reverses. Listen to the call before deciding.

He bought more $282. They target a young, aspirational person trying to get a gold card. Likes it.

Is a long term hold for her. Is slightly down for the year, but the earnings growth is remarkable, consistently 15-19%.

Seeing profit-taking now. Is up 30% for the year. They're firing on all cylinders.

Will lead in the coming year over Visa and Mastercard, because AXP has a younger demographic and not built into the PE. That said, they're all great companies and can't lose.