American Express thrives during S&P 500 index growth, emphasizing diversification from tech stocks.

American Express (AXP) is thriving amid a broadening S&P 500 index, which grew 15.3% in early 2024, despite signs of market vulnerability due to rising rates and a concentration of a few stocks. AXP's strong earnings growth and return on invested capital highlight its investment potential. The article emphasizes the need for diversification away from tech stocks and suggests considering high-quality stocks like T-Mobile and Cigna for balanced portfolios.

October 05, 2024
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