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Toronto, Canada - October 29, 2018: Sign of American Express on the building at North York in Toronto.

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Take American Express (AXP) stock.

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Thats approximately a 16% decrease in less than one week.

Does this dip present a good buying opportunity?

Here are some of the pros and cons of investing in American Expressstock right now amid tariffs.

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The companys balance sheet is strong.

But the company is built for that kind of pressure.

American Express is incredibly selective about who it lends to, Camberato said.

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American Express has also made some strategic investments in new areas that could provide growth.

Things could get particularly difficult if American Express fails to convert on some customer acquisition goals.

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