Motley Fool Money Gen Z & Millennials Are Driving AmEx Higher
Jan 30, 2023
Jason Moser, a senior analyst at Motley Fool, discusses how American Express is thriving thanks to a surge of interest from Millennials and Gen Z, with shares jumping 15% off strong guidance. Tim Beyers and Tim White dive into Microsoft's massive $10 billion investment in OpenAI, examining its implications for competitors like Google and the future of AI. The conversation highlights the adaptability of AmEx in the fluctuating market and the transformative potential of AI technology in reshaping consumer finance.
AI Snips
Chapters
Transcript
Episode notes
Amex Growth Driven by Younger Demographics
- American Express saw a 15% stock increase after strong 2023 guidance.
- Younger customers, Millennials and Gen Z, are now the majority of their growth.
Amex vs. Goldman Sachs
- Goldman Sachs struggles with consumer finance-based tech solutions.
- American Express's broader playing field allows for more experimentation and cardholder rewards programs.
Watching Amazon's Retail Performance
- Watch Amazon's earnings report for insights into their retail performance.
- Pay close attention to management's discussion of right-sizing efforts and the state of retail operations.