American Express (NYSE:AXP) is known for its exclusivity and relationships with wealthy consumers, but the company's stock could also be an outstanding long-term holding.
Despite being up over 20% so far in 2013, the investment thesis around American Express should be a multi-year time horizon that takes advantage in the inevitable shift from a cash-heavy global economy to one based on electronic payments.
In this video, Motley Fool financial analysts David Hanson and Matt Koppenheffer discuss three reasons American Express is well-positioned and a possibly better than Visa (NYSE:V) or MasterCard (NYSE:MA) as way to play the growth in plastic.
David Hanson has no position in any stocks mentioned. Matt Koppenheffer has no position in any stocks mentioned. The Motley Fool recommends American Express, MasterCard, and Visa. The Motley Fool owns shares of MasterCard. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.