American Express: Buy, Sell, or Hold?

American Express (NYSE: AXP) shares have been on an absolute tear. In the past 14 months, they have catapulted 100% higher (as of Dec. 16), consistently hitting fresh all-time highs throughout 2024.After such a monumental gain in a short period of time, investors are probably wondering what the best course of action is as it relates to American Express and their portfolios. Should you buy, sell, or hold this financial stock?American Express is a quality enterprise because it possesses an economic moat. This means that it has durable competitive advantages that have solidified its industry position, protecting it from rivals. I believe Amex possesses two primary strengths in this regard.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool