The stock market went up on Thursday after NVIDIA (NVDA) released its latest quarterly earnings that beat estimates with impressive revenue growth of 56%.
Overall, S&P 500 rose 0.3% to 6,502, while NASDAQ was up 0.5% to 21,705.
Chart of the Day
Here is the one-year chart of American Express (AXP) as of August 1, 2025, when the stock was at $294.
American Express continued to see growth with premium products, especially with its Pay-Over-Time portfolios. Pay-Over-Time is a feature on selected American Express cards that allows customers to finance eligible purchases over time with interest. This enables cardholders to use their charge card like a credit card, allowing them to pay for certain eligible charges cross multiple billing periods. These premium products drove around 80% of growth in Card Member Revolving Loans in the last quarter.
Management stated the strength of the company’s premium model also holds in a stressed environment, as American Express has highest ROA and lowest credit card loss rate across all banks subject to the recent stress test (2025 Comprehensive Capital Analysis and Review).
AXP is part of our Conservative Portfolio. With a P/E of just 19, this stock has room to move higher.
