The stock market rose on Monday as investors kept their eye on the developments in the ongoing conflict between Iran and Israel. They hope that this tension will be contained.
Overall, S&P 500 grew 0.9% to 6,033, while NASDAQ increased 1.5% to 19,701.
Tweet of the Day
BREAKING: Tesla’s new affordable models could enter production in the next 2 weeks
Company says they’re on track to start by end of June, using current factory lines. pic.twitter.com/3jk4KmacZT
— Muskonomy (@muskonomy) June 16, 2025
Chart of the Day
Here is the one-year chart of American Express (AXP) as of June 6, 2025, when the stock was at $302.
Last quarter, the company added 3.4 million new cards, with Millenials and Gen-Z accounting for over 60% of new consumer accounts globally. Net card fees hit record highs, up 20% year-over-year, marking the 27th consecutive quarter of double-digit growth.
The key driver for American Express’ strong card fee growth over the past few years has been acquisition of new Card Members on fee paying products, which account for around 70% of new accounts in the quarter. Management stated that over the past three years, the average card fee per new account acquired has increased by around 40%, driven by strong demand for high-fee premium products.
AXP is part of our Conservative Portfolio. With a P/E of just 20, this stock has room to move higher.
