The next stock is American Express. This is my favorite at the moment. Today I invested $9,200 in it. I bought 30 more shares.
In my opinion, American Express's current forward PE ratio is around 17. Top-tier businesses like American Express, which have a recurring revenue model, are membership-based businesses!
Their customer loyalty and growing revenue through transactions, all in all, makes it one of my favorite stocks.
American Express is under severe pressure despite double-digit revenue growth.
The second stock is a company I own, but again, I am not here to give advice on buying stocks. So don't buy a company just because I or anyone else owns it. American Express.
In the last quarter, its revenues grew by 10%. Its profits grew by 11%. It has raised its forecasts for the year. But the stock fell. By more than 6%. So you should ask yourself: Wait, what?
Should a company that is growing at a double-digit rate be penalized because it has a positive problem?
notice that American Express has not been making new highs even though their customers are are getting richer and richer and richer. Uh not a good sign.
