
Shares of American Express Company (NYSE:AXP) have bounced off of multi-year lows set sharply in mid-March when the overall markets crashed in relation to the coronavirus outbreak. The stock market has been in rally mode over these past couple of weeks, and shares of American Express have begun to climb back towards $100 per share. Despite this positive momentum, we are cautious towards American Express at this time. The company's business portfolio is heavily exposed to economic fallout from the coronavirus that has yet to trickle through to the company's numbers. We outline our areas of concern below and lay out a more cautious approach to the stock.
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