SPAC deal helps unlock value

AMERICAN EXPRESS CO. $162 is a buy. The famed payment card issuer (New York symbol AXP; Fiannce sector; Shares outstanding: 774.6 million; Market cap: $125.5 million; Dividend yield: 1.1%; Takeover Target Rating: Medium; www.americanexpress.com.com) also owns 50% of American Express Global Business Travel, a firm that provides specialized travel… Read More

IPO helps unlock Walmart’s value

WALMART INC. $132 is a buy. The retailer (New York symbol WMT; Consumer sector; Shares outstanding: 2.8 billion; Market cap: $369.6 billion; Dividend yield: 1.6%; Takeover Target Rating: Lowest; www.walmart.com) operates 11,443 outlets in 25 countries.
In August 2018, the company acquired 77% of Flipkart Group for $16 billion. Flipkart… Read More