American Express (AXP) isn't a buy, says Hedgeye's Josh Steiner, noting management commentary at...

|About: American Express Company (AXP)|By:, SA News Editor

American Express (AXP) isn't a buy, says Hedgeye's Josh Steiner, noting management commentary at the company's investor day indicates billing growth continued to slow in July from Q2's already slowing pace. "(It) appears to reflect a weak overall economic environment, which shows up in a number of areas," said CEO Ken Chenault.