From Nasdaq: 2024-11-12 06:10:00

Warren Buffett’s Berkshire Hathaway sold top stocks like Apple and Bank of America to boost cash holdings. Despite market crash concerns, it kept its $43.6B stake in American Express. Amex’s unique business model and stable growth make it a reliable investment for both bull and bear markets.

American Express’s revenue and EPS have grown consistently, with buybacks reducing shares outstanding. Revenue expected to rise by 9% in 2024, with EPS increasing 23% to 25%. Analysts forecast 9% revenue CAGR and 15% EPS CAGR from 2023 to 2026. Stock remains undervalued and offers a 1% yield.

Buffett’s long-standing investment in American Express has paid off, with the stock soaring. It’s a great pick for both Buffett and smaller investors looking for growth potential. Amex’s resilience and growth prospects make it an attractive choice for a $1,000 investment.

Rare “Double Down” stock recommendations are being issued for companies with significant growth potential. Past alerts for Amazon, Apple, and Netflix yielded substantial returns. Investors are encouraged to act now before missing out on this potentially lucrative opportunity. Consider exploring these “Double Down” stock alerts for potential gains.



Read more at Nasdaq: The Best Warren Buffett Stock to Invest $1,000 in Right Now