2 International Stocks for Retirees
Companies whose revenue comes from various countries all over the world, as opposed to just one country, can be excellent choices for retirees. An international revenue stream hedges against currency fluctuations, as well as country-specific economic issues. While not all international stocks are appropriate investments for retirees, here are two that our Foolish investors think are worth a closer look: ABB Ltd. (NYSE: ABB) and American Express (NYSE: AXP).
Rich Smith (ABB Ltd.): I can't justify buying this one on valuation grounds, but I just can't shake the feeling that ABB stock is one to keep an eye on.
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Source: Fool.com
American Express Co. Stock
€226.50
2.010%
Our community is currently high on American Express Co. with 27 Buy predictions and 6 Sell predictions.
As a result the target price of 241 € shows a slightly positive potential of 6.4% compared to the current price of 226.5 € for American Express Co..
