American ExpressNYSE: AXP

Most stocks present investors with two choices: growth or downside protection. A company like Nvidia (NASDAQ: NVDA ) can generate sizable returns if it continues to grow.

In the most recent trading session, American Express (AXP) closed at $230.68, indicating a +0.04% shift from the previous trading day.

The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe recession scenario. Each of the 31 banks in this year's regulatory exercise cleared the hurdle of being able to absorb losses while maintaining more than the minimum required capital levels, the Fed said in a statement.

Wagering on the top blue-chip stocks to buy on the dip might be the best way to play the current stock market trends. Blue-chip stocks typically offer a superb blend of reliability and growth potential,making them no-brainer bets for the long haul.

After displaying relative strength in the first quarter, the financial sector and the Financial Select Sector SPDR ETF NYSE: XLF have underperformed in the second quarter, with the popular financial ETF down 1.4% for the period.

AmEx (AXP) also agrees to buy technology company Rooam, which runs mobile payments, to expand its mobile ordering and payment capabilities.

Blue-chip stocks to buy offer stability now and steady financial growth for the future. These corporations are household names that are likely to rise in the long run.

Wall Street analysts do a lot of research before making stock recommendations and assigning price targets. They also have extensive history with navigating various booms and busts within the stock market and across individual sectors.

American Express (AXP) reachead $230.21 at the closing of the latest trading day, reflecting a +0.39% change compared to its last close.