This Is the Next Financial Stock I'm Buying

In the wake of a successful COVID-19 vaccine, many out-of-home and travel-related stocks have boomed. Investors now feel confident in consumers returning to out-of-home activities next year and beyond. Many of these stocks were trading at depressed levels prior to the announcement, so they could still make good buys today.

American Express (NYSE: AXP) has recovered, but hasn't reached historic highs. Yet looking across the financial and travel-related stock universe, Amex still looks like one of the more compelling risk-rewards today, even after its rise over the past two months.

Here are three reasons I plan to add to my American Express stake in the near future.

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Source Fool.com