Should You Buy American Express While It's Below $320?
American Express (NYSE: AXP) is one of those well-established companies that can be easy to overlook, if only because it's been around for so long (the company turns 175 next month). While flashier financial stocks may be tempting to buy, there are plenty of reasons why this long-standing company has been a favorite of Warren Buffett's Berkshire Hathaway portfolio.The company accounts for roughly 15% of Berkshire's holdings, making it the second-largest holding behind Apple. Here are a few reasons to follow Buffett's lead and buy American Express while it's trading below $320.Image source: Getty Images.Continue reading
American Express (NYSE: AXP) is one of those well-established companies that can be easy to overlook, if only because it's been around for so long (the company turns 175 next month). While flashier financial stocks may be tempting to buy, there are plenty of reasons why this long-standing company has been a favorite of Warren Buffett's Berkshire Hathaway portfolio.
The company accounts for roughly 15% of Berkshire's holdings, making it the second-largest holding behind Apple. Here are a few reasons to follow Buffett's lead and buy American Express while it's trading below $320.
Image source: Getty Images.
