Stephanie Link spoke on CNBC's "Fast Money Halftime Report," about Bank of America's downgrade of American Express Company (NYSE:AXP). The reason behind the downgrade are mounting travel concerns.
Link owns the stock and she would buy more. She sees it as a quality franchise company with a great balance sheet and she thinks it can take market share from the competition. When the economy reopens the stock is going to trade higher and until then she has a 2% dividend yield.
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See Also: Coronavirus Travel Worries Are Turning This American Express Analyst Bearish
Jim Cramer agrees with the sell call on American Express because it is about needing a vaccine. The stock is a travel and leisure name, believes Cramer.
Karen Firestone sees that there is a difference between American Express and other payment processors. It's more of a business travel type of card and business travel is not close to getting back. Firestone thinks that's a danger to the stock.
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.