Here are a handful of articles from the last few days that I’ve found to be interesting:

Vitaliy Katsenelson presents his take on American Express (AXP). We’re in agreement about the quality of the company’s business model, as well as a reasonable near-term price target (low $50s). See also: American Express Stock Report.

Chad Brand points out that existing home inventories (measured in months supply) continues to rise, and suggests that the housing market continues to show no signs of life. This contradicts an editorial in the Wall Street Journal earlier this month suggesting the housing market is currently at the bottom.

Michael Mauboussin of Legg Mason has authored a number of interesting publications; and I liked his recent take on “The Failure of Arbitrage”.

David Merkel has updated his industry rankings, and his short list of areas to look into further is intriguing.

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