Bernstein's approach to stock picking is beating the market by 6% annually, according to the firm's figures. The latest picks from its model include Meta and American Express. Instead of relying on fundamental research or quantitative analyses alone to identify stocks that will outperform, Bernstein combines both models. It also excludes names that are too crowded with institutional investors.
His $225 price target implies about 12% upside from Tuesday's close. Meanwhile, American Express should be better insulated than its peers in a recession thanks to its focus on higher-income and credit quality borrowers, Bernstein analyst Brian Foran said. The company has the strongest loan growth and its credit quality is the best, he said.
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