Data News > American Express (AXP) Stock Outperforms Market: A Look at What's Driving Growth
- American Express (AXP) closed at $226.63 in the latest trading session, marking a +0.49% move from the prior day
- Walt Disney streaming service Disney+ is expected to become profitable this year
- Toast's simple model adds tremendous value to its many restaurant clients
- Payment processors like American Express (AXP), Visa (V) and Mastercard (MA) stand to gain in an environment of increasing consumer outlays
- American Express' stock (NYSE: AXP) has gained 21% YTD, as compared to the 10% rise in the S&P500 over the same period
American Express (AXP) closed at $226.63 in the latest trading session, marking a +0.49% move from the prior day. The stock has been performing well, outperforming the broader market. In addition, Walt Disney's streaming service Disney+ is expected to become profitable this year, which could have a positive impact on the company's stock. Furthermore, Toast's simple model adds tremendous value to its many restaurant clients, which could also contribute to the company's growth.
Rise in consumer spending has been a boon for payment stocks like American Express (AXP), Visa (V), and Mastercard (MA). These payment processors act as liaisons between consumers and merchants, and they stand to gain in an environment of increasing consumer outlays. With the rise in consumer spending, these companies are well-positioned for growth.
American Express' stock (NYSE: AXP) has gained 21% year-to-date, outperforming the S&P500 over the same period. The stock is currently trading at $228 per share, which is 11% above its fair value of $205 – Trefis' estimate for American Express' valuation. This indicates that the stock may be headed for further growth in the near future.
Overall, American Express (AXP) has been performing well in the stock market, outperforming the broader market and showing strong growth potential. With the rise in consumer spending and the company's strong position in the payment processing industry, the stock is poised for further growth in the coming months.
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American Express (AXP) Stock Outperforms Market: A Look at What's Driving Growth
By KlickAnalytics Data Insights | April 3, 2024 08:03PM ET
Key Points
- American Express (AXP) closed at $226.63 in the latest trading session, marking a +0.49% move from the prior day
- Walt Disney streaming service Disney+ is expected to become profitable this year
- Toast's simple model adds tremendous value to its many restaurant clients
- Payment processors like American Express (AXP), Visa (V) and Mastercard (MA) stand to gain in an environment of increasing consumer outlays
- American Express' stock (NYSE: AXP) has gained 21% YTD, as compared to the 10% rise in the S&P500 over the same period
American Express (AXP) closed at $226.63 in the latest trading session, marking a +0.49% move from the prior day. The stock has been performing well, outperforming the broader market. In addition, Walt Disney's streaming service Disney+ is expected to become profitable this year, which could have a positive impact on the company's stock. Furthermore, Toast's simple model adds tremendous value to its many restaurant clients, which could also contribute to the company's growth.
Rise in consumer spending has been a boon for payment stocks like American Express (AXP), Visa (V), and Mastercard (MA). These payment processors act as liaisons between consumers and merchants, and they stand to gain in an environment of increasing consumer outlays. With the rise in consumer spending, these companies are well-positioned for growth.
American Express' stock (NYSE: AXP) has gained 21% year-to-date, outperforming the S&P500 over the same period. The stock is currently trading at $228 per share, which is 11% above its fair value of $205 – Trefis' estimate for American Express' valuation. This indicates that the stock may be headed for further growth in the near future.
Overall, American Express (AXP) has been performing well in the stock market, outperforming the broader market and showing strong growth potential. With the rise in consumer spending and the company's strong position in the payment processing industry, the stock is poised for further growth in the coming months.
For more information:
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