The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
In a move reflecting a strategic re-evaluation of financial services versus industrial sectors, Fisher Funds Management made substantial portfolio adjustments during the first quarter. According to reports, the firm increased its stake in American Express by 132.7%, bringing the total investment value to $25.5 million. Conversely, the firm reduced its holdings in United Rentals by 9.5%, and trimmed its positions in AT&T and Old Dominion Freight Line by 12.5% and 49%, respectively.
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Sign InThis pivot toward AXP comes as the payments sector shows mixed performance, with Mastercard (MA) trading at $489.79 and Visa (V) at $327.24 per market data (close June 18, 2026). These adjustments highlight institutional preference for high-quality credit providers amid broader market volatility, especially as the firm aggressively exited nearly half of its position in transportation peer ODFL.
Traders should watch AXP price levels, which stood at $338.16 at close June 18, 2026, hovering near its daily low of $338.02. Looking ahead, upcoming U.S. retail sales data in the economic calendar will be a critical catalyst to monitor, as it directly impacts the consumer spending volumes that drive American Express's core revenue.