American Express (AXP)

Good to hear management's recent comments about slower, but stable growth, given worries that travel and discretionary spending is slowing. AXP is expanding its base, which has been loyal, to a younger demographic.

Spending remains robust. Revenue will grow 9-11% based on the strong, upper-end consumer.

It was done very well for him, but revenue growth is slightly moderating, only 10% in the last quarter. He's concerned, but can't and won't sell.

Was downgraded today. She trimmed it recently because it's been a strong performer. Trades at a high 15.5x forward PE. Vacation and concert spending may be slowing, so she reduced her weight. It remains the top operator in the high-income space. It has a great runway, but it got too expensive.

Higher ranked on RSI. Bit of disruption in the space, as the Capital One & Discover deal had an impact on capital flows.

$225 now, down from $256. Buy a little at $223, then more each time it falls $5 lower.

They reported a good quarter last Friday, but shares fell around 2.5%. Total revenue was 8% YOY and billed business 5% YOY. Adjusted EP up 21% and raised their full-year earnings forecast. But the street's expectations were too high going into the quarter, and shares were up year to date far higher than Visa or Mastercard. Also, AXP has slowing revenue growth from 11% in Q1 to 8%--this is key. Elevated marketing expenses concern the street, marketing to keep customer spending "elevated". But if earnings growth is good, who cares? This dip makes AXP a buying opportunity. AXP is killing it, making their earnings targets in the double digits. It doesn't get enough credit for its earnings growth. Spending by Millennials and GenZers is up 13%. And their marketing expenses are attracting these young customers.

Earnings were sold. Buy this pullback.

He disagreed with the street on AXP's new report and found their quarter excellent.

They added 12 million members in the past year.

She expects their quarter next week to be fine. It well-positioned with high-end users and travel.

A hold for the next 3-5 years. The stock has done extremely well. It's looking expensive. Don't add to it now.

She just bought it because she needed consumer exposure. She likes leisure, travel and post-pandemic consumer behaviour of this. Trades below the market multiple and is not well-loved.

Good company with strong management team and balance sheet. Falling interest rates will be good the for the business. Spending strong with consumers. Savings rates will remain steady with consumers as well. Good with holding company for the long term.