AXP has no major risks for 3-5 years and offers potential for big gains; position is being actively built.
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If we look at some of the recent purchases on my public account , right ? Those are stocks like American Express, RH, and Netflix, right ? And these are the positions I'm actively building now, right ?
So there are some stocks that I like, like American Express; I would like to buy some more shares of American Express. In my opinion, this is a stock that does not have any major risks in the next three to five years , but rather has the potential for big gains for me in the next three to five years.
American Express. American Express' share price has already dropped significantly. At $300, this is a great opportunity, but the worst case scenario could be $250 to $275.
This will bring the forward P/E ratio to probably around 12 to 13, which is truly incredible. I mean, it's already so cheap, which is crazy, but you know, anything is possible, right?
$250 to $275. Can I see it going down to the hundreds? Um, no.
What this channel has said about $AXP
Financial Education has 9 calls on this stock; only the adjacent ones are shown.