This global credit card and travel company pays a small dividend and just sold 50% of its corporate travel unit.
American Express (AXP)
from Richard C. Young’s Intelligence Report
The new American Express (AXP) everyday credit card is aimed at traditional credit card users who have thought of American Express as too expensive for them. With a new generation of consumers using everything from PayPal to Bitcoin to pay for their purchases, American Express must target a younger demographic if it wants to maintain its dominance.
This type of brand building is essential to the success of a company, and American Express is one of the best brands in the world. The new card will be paired with a smartphone app to keep track of purchases. My relative strength chart shows American Express continuing its strong performance trend compared to the S&P 500. Buy.
Richard C. Young, Richard C. Young’s Intelligence Report, www.intelligencereport.com, 800-301-8968, April 2014