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Stock impact report

1 Stock to Buy Hand Over Fist in the Tariff-Induced Market Downturn [Yahoo! Finance]

American Express Company (AXP) 
Last american express company earnings: 4/24 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.americanexpress.com
Company Research Source: Yahoo! Finance
As of this writing, the S&P 500 is in a 19% drawdown and close to triggering an official bear market. Many stocks are much lower, such as American Express (NYSE: AXP) . The credit card and banking giant is down 29% from highs, taking it on the chin in the last few weeks. While 2025 may be a tough year for almost every business if these tariffs persist, this short-term thinking from Wall Street is providing a valuable buying opportunity in American Express for investors who plan to hold for a decade or longer. Here's why American Express is a stock I'd buy hand over fist in this market downturn. American Express is one of the largest credit card issuers in the United States, with an estimated 146.5 million cards in circulation at the end of 2024. Typically, credit card lenders are pro-cyclical, meaning they do well financially during the good times. However, in an economic recession, loss rates on loans can start to rise and sharply impact sector-level earnings. Investors are lik Show less Read more
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