3 Reasons to Buy American Express Stock Like There's No Tomorrow

Everyone's talking about Warren Buffett's latest trades and the fact that Berkshire Hathaway has been a net seller of stocks over the last two years to the tune of $134 billion in 2024 alone. What doesn't get the same hype is that he hasn't sold any of his American Express (NYSE: AXP) stock throughout this selling frenzy and that he's said he would never sell it so long as he's at the helm of the company.Buffett loves underappreciated and undervalued stocks. American Express has a long history of creating excellent shareholder value, and investors should take a look at this longtime winner because there's still a long growth runway. Here are three reasons to add it to your buy list.Buffett has joked about the average age of the companies he loves ("Berkshire is not big on newcomers"), and American Express helps skew that average to very long. It's been in business since 1850, which makes it one of the oldest American companies in existence. That's given it a long time to get its model right, and it has experience through pretty much every kind of circumstance imaginable.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool