Investors follow Warren Buffett's moves carefully, but he makes surprisingly few moves overall. A typical hedge fund has thousands of stocks that get traded frequently, but Berkshire Hathaway is a holding company with a different approach to its equity portfolio.Warren Buffett has called himself a business picker, not a stock picker, and looks to maximize gains over the long term by investing in high-quality companies. He concentrates on a small number of stocks, typically around 45, that he has confidence ...

Warren Buffett's Berkshire Hathaway (BRK.A 0.07%) (BRK.B -0.01%) has been selling stocks at a higher clip than usual this year. Through the first three quarters of 2024, Berkshire sold $133 billion worth of stocks. This mostly reflects recent sales of Berkshire's largest holding, Apple, but it also trimmed its Bank of America stake, which has also been a sizable investment for Berkshire in recent years.Here's Berkshire Hathaway's top four holdings at the end of Q3 and each position's market value:Apple: $69 ...

关于Bill Holdings - 提供各种规模企业的会计软件 即使雇主可能知晓但大众知名度不高 [2] - 软件针对特定部门需求构建 通过订阅收费或处理支付时收取小笔费用盈利 在竞争激烈的市场中仍较突出 [3] - 上季度营收同比增长18% 但营收增长正在放缓 营收留存率从几年前超100%降至2024财年6月30日的92% 可能因经济逆风致部分客户停止服务或减少使用 [4][5] - 2022 - 2023年的高增长不可持续 不过当前销售增长快于支出 利润率更快地扩大 为应对挑战提供财政灵活性 [6][7] - 股票几乎在所有衡量标准下都相对昂贵 交易价格略高于约82美元的共识目标价 可能会抑制股价 [8] - 股价和分析师的悲观态度反映的更多是过去 随着从2021年峰值后的大幅回调中反弹 市场可能会对其光明未来定价 其解决方案是许多企业期待已久的 [9] 关于SoFi Technologies - 2011年成立 最初旨在帮助消费者管理学生贷款 如今业务涵盖支票账户贷款信用卡保险投资等多种在线服务 [13] - 消费者接受度不断提高 截至9月底拥有940万客户 自2020年同期150万客户起连续四年季度用户增长 随着客户注册更多产品和服务 营收和EBITDA快速增长 今年初实现持续盈利且有望继续扩大利润 [14] - 尽管在线银行业务已有增长 但仍有很大增长空间 美国只有30%消费者拥有纯在线银行账户 市场研究机构预测到2030年全球在线银行业务将实现近14%的年化增长 北美市场将引领增长 [15] 关于American Express - 比前两家公司知名度高 是信用卡品牌 去年支付网络处理近1.7万亿美元交易 产生135亿美元营收 消费者手中约有1.4亿张卡 [16] - 与万事达卡和维萨卡等常见信用卡支付网络不同 更像是信用卡提供商和支付网络平台的结合 形成强大的盈利性信用卡生态系统 [17] - 为持卡人提供酒店住宿积分 超市现金返还 流媒体服务折扣 机场贵宾室使用权等福利 持卡人每年最多支付695美元 商家每次刷卡也会向公司支付小笔费用 吸引较富裕消费者 受经济逆风影响较小 已连续14个季度营收增长 [18][19] - 千禧一代和Z世代是其粉丝 约占公司支付量的三分之一 上季度大部分新持卡人来自这一群体 随着这一群体年龄增长和阿尔法一代成年 会有更多消费者愿意为其优质福利付费 [20]

American Express Company (AXP) closed at $287.64 on Wednesday, just 3.1% shy of its 52-week high of $296.83. The strong core fundamentals of its business, coupled with its growing focus on Gen-Z and Millennial customer base, are reaping significant rewards and driving sustained growth in revenue and brand loyalty.AXP’s shares have gained 19% in the past six months, outperforming the industry and the S&P 500 Index. Over this time frame, the industry and the S&P 500 Index gained 14.6% and 12.8%, respectively. ...

American Express deserves a spot in your long-term portfolio.During the past year, Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B 0.85%) sold a lot of its top stocks -- including Apple (AAPL -1.20%) and Bank of America (BAC 2.10%) -- to boost its cash holdings to record highs. For some investors, those sales suggested Buffett was bracing for a market crash.A market pullback wouldn't be surprising, since the S&P 500 (^GSPC 0.10%) has already rallied nearly 80% during the past five years and looks histori ...

In a frothy market starved for value, these three dividend stocks combine reasonable valuations with the proven ability to disrupt themselves.Investors hunting for compelling opportunities face an interesting dilemma. The S&P 500 has surged 67.9% since October 2022, pushing the index's cyclically adjusted price-to-earnings ratio (CAPE ratio) to 37.1 -- more than double its historical average of 17.1. This stellar performance means finding reasonably valued stocks has become increasingly challenging.Goldman ...

文章核心观点 - 尽管美国运通(AmEx)第三季度收入略低于预期,但公司仍保持强劲的业绩表现,是一个值得长期投资的优质公司 [1][4][5][6] - 美国运通作为信用卡发行商和支付处理商,对客户有深入了解,能够有效激励客户消费,保持收入和利润的持续增长 [5] - 美国运通作为金融行业的主要参与者,在经济环境变化时会采取谨慎的财务政策,增加信贷损失准备金,以应对未来可能出现的风险 [2][4] 行业分析 - 金融行业参与者在放贷活动中需要保持谨慎,因为这是一个固有风险较高的领域 [4] - 随着美联储近期降息,未来借贷成本下降可能会刺激消费和信用卡支出的增长 [4] - 美国运通作为信用卡发行商和支付处理商,能够深入了解客户消费习惯,并有效利用奖励计划吸引客户消费 [5] 公司分析 - 美国运通第三季度收入同比增长8%,净利润增长2%,超出分析师预期 [2] - 公司增加信贷损失准备金21%,反映出对未来信贷风险的谨慎态度 [2][3] - 美国运通作为金融行业的主要参与者,凭借深厚的客户关系和创新的产品,保持了良好的收入和利润增长 [5][6]

文章核心观点 - 文章介绍了7家公司,它们通过稳定的利润转化为不断增长的被动收入流,为投资者带来收益 [1] - 这些公司具有三个关键特点:保守的派息率、多年持续增加的股息、强大的基本面支撑现金流 [1] 行业和公司总结 零售业 - TJX Companies是一家经营折扣零售店的公司,过去5年股息年增长率达10.7%,派息率仅33.2%,目前股息收益率为1.3% [2] - 公司凭借成熟的采购网络和以大幅折扣提供品牌商品的能力获得优势 [2] 医疗保健行业 - UnitedHealth Group是美国最大的医疗保健公司,过去5年股息年增长率达14.2%,派息率为51.7%,股息收益率为1.49% [3] - 公司的医疗保险服务和Optum医疗服务平台构成一体化优势,在激烈的行业竞争中占据优势地位 [3] 软件行业 - Microsoft是云计算和企业软件的领导者,过去5年股息年增长率达10.2%,派息率仅24.8%,股息收益率为0.78% [4] - 公司的Azure云平台和企业软件业务带来大量经常性收入 [4] 半导体行业 - Texas Instruments是模拟和嵌入式处理芯片的主要生产商,过去5年股息年增长率达11%,派息率高达89%,股息收益率为2.7% [5] - 公司专注于长生命周期的半导体产品,服务多个行业客户,为未来增长奠定基础 [5] 工业气体行业 - Linde是全球工业气体和工程领域的领导者,过去5年股息年增长率达13.9%,派息率仅40.5%,股息收益率为1.16% [6] - 公司拥有长期客户合同和高转换成本,构筑了较高的进入壁垒,支撑其溢价估值 [6] 生命科学和诊断技术行业 - Danaher是生命科学和诊断技术公司,过去5年股息年增长率达12%,派息率仅24.9%,股息收益率为0.41% [7] - 公司的业务模式受益于经常性收入流和深厚的科学专业知识 [7] 支付服务行业 - American Express是优质支付服务的领导者,过去5年股息年增长率达11%,派息率仅19.8%,股息收益率为1.03% [8] - 公司的封闭式网络使其能够获取商户费用和会员消费数据,加上优质会员群体带来的稳定收入,为其高增长股息提供保障 [8]

Investors with an interest in Financial - Miscellaneous Services stocks have likely encountered both American Express (AXP) and Moody's (MCO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision tren ...

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has American Express (AXP) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.American Express is a member of the Finance sector. This group includes 871 individual stocks and currently holds a Zacks Sector Rank of #1. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the indiv ...