Is It Time to Sell American Express Stock?
Shares of credit card and payments company American Express (NYSE: AXP) fell sharply on Friday, even though there was no new company-specific disclosure from Amex itself. The selling pressure came amid a broader fear that AI (artificial intelligence) could trigger meaningful white-collar job disruption, eventually showing up in consumer spending trends and credit performance.
Is this sharp sell-off in the stock price, which has put shares down by about 15% year to date, a buying opportunity? Or should investors be taking the threat of AI to the job force more seriously, and now require a bigger discount on American Express stock before buying?
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Source Fool.com
