The Fed, Earnings, and EV Chargers
Bloomberg Intelligence
00:00
The Role of American Express in Consumer Spending
Is Amex the best position of those names to benefit from increased consumer spending? What's the kind of hierarchy? Yeah, in my opinion, although we don't make recommendations on the stocks themselves at the BI, what we can say is that American Express is more focused on prime, super prime consumers. It's more sensitive to spending than outstanding balances. They have an international presence. All those characteristics will make it hold up better if there is a recession,. which is the fear right now. So as a result, I think they are best positioned compared to others. Although ... things are not as great as they were for them a year or two ago.
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