|Bid||118.68 x 900|
|Ask||119.98 x 800|
|Day's Range||118.29 - 119.97|
|52 Week Range||89.05 - 129.34|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||14.74|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.56 (1.31%)|
|1y Target Est||132.67|
The Zacks Analyst Blog Highlights: Berkshire Hathaway, Apple, American Express, Kraft Heinz and Teva Pharmaceutical
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For the last few days the stock markets have been healthy. Sentiment has taken a turn to positive and it's like nothing bad is ever going to happen again. Just yesterday the indices rallied through incredible levels especially in small cap stocks. So there's no doubt that there are stocks to buy here.Today we discuss three high-profile stocks to buy: Visa (NYSE:V), Amazon (NASDAQ:AMZN), and Microsoft (NASDAQ:MSFT). These are fallen angels stocks because they have recently corrected off of their highs just when they looked like their rallies would never end. * 10 Battered Tech Stocks to Buy Now The time frames differ among them, but the concept remains the same. They were headed to the moon, then they tripped. So now the opportunity is to pick the right level to buy these stocks. All three management teams are impeccable and they rarely falter on their own. So the bullish thesis for all three AMZN, MSFT and V assumes that markets in general are not going to crash any time soon.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Microsoft (MSFT)It's hard to call MSFT stock a fallen angel stock because it's still up 34% year-to-date and it's only 5% off of the highs. Nevertheless, it has had a tough time in the last trading week, and what makes it interesting is that it did this while the equity markets were rallying hard.Normally, this raises an alarm and causes me to look into weaknesses which would bring sustained selling. But that's not the case here. This is a proven company who is merely having a normal price action give-and-take inside a very healthy ascending trend.Fundamentally MSFT is not cheap since it sells at 29 trailing price-to-earnings ratio and 8 times sales. But this is a company that deserves the benefit of the doubt so it is possible that they deliver strong growth to justify the higher valuations.This is all to say that Microsoft stock is not cheap but it still is a good one to own for the long term. So these dips are normal and should not cause a panic out of the stock.Technically, the zone around $130 per share is pivotal for MSFT stock. This was resistance in April, then a break out in June, and then a successful test for support in early August when markets fell in fear of the 10% additional tariffs tweet. So clearly the bulls earned the right to use it that support.Knowing this, makes it possible for the buy-programs to prevail over the bears in the battle over MSFT for as long as the equity markets are healthy. If I own shares, I don't panic out of them on these dips. Moreover, if I want to own some for the future then this is as good a time as any to start a position there.Alternatively I can use options to sell puts or spreads below said support to generate income without needing rallies. For this, it is important to note that if stocks correct this year from geopolitical risk, then Microsoft stock is vulnerable to a 12% correction. Visa (V)V stock is in a similar situation to that of Microsoft. It's a proven winner that was seemingly rallying to the moon without interruption. But then in the last few days, it fell 6% while the general markets are up big.Here too, the drop is not a reflection on Visa itself but rather part of normal price action. For the longest time credit card stocks with a presence in the fintech space like Visa and MasterCard (NYSE:MA) have been darlings because the investment dollars allotted to bet on financials shied away from buying money-center banks like Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM). Instead they piled into fintech.However the recent rally in yields caused a frenzied wave of buying the traditional banks and money has to come from the same bucket. So there is a rotation out of winners like V stock into laggards. The opportunity here is that rotations are usually temporary. Meaning the dip in Visa stock should be a buying opportunity.Just like Microsoft, Visa is not cheap. It sells at 35 trailing P/E and 18 times its sales. But this alone is not cause for alarm because that's how it's always been. So unless the bears have developed sudden incredible fortitude, I bet that the selling will abate soon.Technically, Visa stock should have support around $172 per share. Moreover there is bigger support from pivotal zones at $165 per share. So if I owned shares I don't panic yet. If seeking a long entry with room to spare, I like to sell puts into support zones on bad days to generate income as long as I can gauge the risk. * 10 Healthcare Stocks to Buy Despite the Headlines Visa stock is 7% off its highs, so if I sell a put in V stock at $160 per share I would own it after a 15% correction. This is a risk I can tolerate and I bet would be a fruitful one. I should know that there is short-term risk looming. if Visa falls below $183.75, it could invite sellers to $168 per share. Amazon (AMZN)I cannot write about potential upside of fallen angels stocks without including the biggest momentum story of all time. AMZN stock is one that has been in the news for decades. It draws critics and fans in droves and is subject to many a heated debate.After the May correction, Amazon stock made a nice recovery but it gave almost all of it back. And it now sits 10% lower than the July highs. The size of the moves in Amazon stock should never surprise investors. This is the mother of all momentum stocks and when it moves, it does it fast and long. So it is best to wait for confirmation of breakouts in either direction before trading it.Short term, Amazon stock rallies if above $1,853 per share, and could even recover what they lost since July. There will be resistance points along the way so it won't be easy. Conversely, if it falls below recent support near $1,740 then they could extend the correction down to $1,600 per share.In essence, the battle is between completing an ABC technical move lower or establishing a base for a rebound rally to breakout from the necklines above. Meanwhile, the AMZN stock is ping-ponging inside a tight range and I should chase the break out of either sides. I personally favor the upside potential for as long as the markets in general are healthy.For those thinking of turning this into an investment, Amazon is a safe bet in the long run in spite of its high valuation. It sells at 75 trailing P/E but only 3.4 x sales. So as long as they are delivering growth, a high P/E is a prerequisite. You have to spend a lot in order to grow a lot.We still have the same geopolitical risks we had when we first started this correction. So we are one headline away from rekindled panics. This is all to say that traders shouldn't take giant positions all at once with great conviction because we have are still hostage to headlines. The best homework can be obliterated short-term by silly headlines. So I don't risk what I cannot afford to lose.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post 3 Fallen Angel Stocks to Buy Before They Fly Again appeared first on InvestorPlace.
DOW UPDATE The Dow Jones Industrial Average is climbing Thursday morning with shares of Visa and American Express leading the way for the blue-chip average. Shares of Visa (V) and American Express (AXP) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 157 points (0.
The recently completed reorganization under a new holding company should help Xerox (XRX) attain greater strategic, operational and financial flexibility.
From great rewards to big sign-up bonuses, this month has some excellent credit card deals. With no annual fee, The Discover It Balance Transfer card is a great option. Discover (NYSE: DFS) will match every dollar you earn with cash back at the end of your first year.
"That little thing is broken, and it could really use some fixing, it is inevitably measured in hundreds of millions of dollars.”
Marty Lipton does not have the look of an American revolutionary. In 1965 he co-founded Wachtell, Lipton, Rosen & Katz, one of the most prestigious and lucrative American corporate law groups, and he is famous for having invented, in 1982, the “poison pill” — a legal mechanism used by company boards to prevent takeovers. “I believe in capitalism.
Chairman and CEO of American Express Co (30-Year Financial, Insider Trades) Stephen J Squeri (insider trades) sold 15,000 shares of AXP on 09/03/2019 at an average price of $118.33 a share. Continue reading...
Stocks are on a slide in the beginning of the month of September, rattled by the imposition of new tariffs by the U.S. and China as well as a drop in manufacturing activity into contractionary territory. The bulls have had things all their way in recent weeks, thanks to a rate cut by the Federal Reserve and President Donald Trump's constant teasing that a trade deal with China could still happen soon. * 7 Deeply Discounted Energy Stocks to Buy But that's changing now. Here are five Dow Jones Industrial Average components that are under pressure:InvestorPlace - Stock Market News, Stock Advice & Trading Tips American Express (AXP)Shares of American Express (NYSE:AXP) are dropping to test critical support from the August lows as a violation of the 200-day moving average looks likely. Just a retest would be worth a loss of a little more than 4% from here. The company will next report results on Oct. 18 before the bell. Analysts are looking for earnings of $2.03 per share on revenues of nearly $11 billion. Boeing (BA)Boeing (NYSE:BA) shares have fallen back below their 200-day moving average after stalling at overhead resistance set between $360-$380 on reports the re-certification of the 737 MAX could take longer than previously believed. The company will next report results on Oct. 23 before the bell. Analysts are looking for earnings of $5.12 per share on revenues of $28.4 billion. * 7 Tech Industry Dividend Stocks for Growth and Income Cisco Systems (CSCO)Shares of Cisco Systems (NASDAQ:CSCO) look ready to break down out of a month-long consolidation pattern with a return to levels not seen since early February -- capping a decline of more than 20% from the highs reached in the middle of July. The company will next report results on Nov. 13 after the close. Analysts are looking for earnings of 81 cents per share on revenues of $13.1 billion. Chevron (CVX)Chevron (NYSE:CVX) shares look vulnerable to a breakdown out of a multi-month consolidation range going back to February as the 200-day moving average looks like it's unable to hold. This caps a sideways range that has been in play since early 2018 and will likely give way to another test of the 200-week moving average, which would be worth a loss of more than 10% from here. The company will next report results on Nov. 1 before the bell. Analysts are looking for earnings of $1.89 per share on revenues of $41.2 billion. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off 3M (MMM)Shares of 3M (NYSE:MMM) continue to languish below their 50-day and 200-day moving averages, capping a decline of more than 25% from the highs hit back in April. Shares have been under pressure amid earnings headwinds, including slowdowns in its industrial segment (especially automotive) and healthcare. The company will next report results on Oct. 24 before the bell. Analysts are looking for earnings of $2.55 per share on revenues of $8.3 billion. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post 5 Dow Jones Industrial Average Stocks Selling Off Hard appeared first on InvestorPlace.
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Shares of financial stocks as represented by the S&P 500 Financials index have largely trotted sideways for 2019, after the initial rally early in the year. Shares of American Express (NYSE:AXP) on Sept. 3 flashed a B2 bearish reversal signal and now look headed toward a technically well-defined next downside target.Source: Shutterstock As we enter the historically more volatile September-October period, it is particularly important to respect that the stock market is a highly correlated asset class. This is to say that if broader stock market volatility sees another spike, then it will affect most stocks.Case in point is the financial sector. The current environment of crashing bond yields, inverting yield curves and negative yields in other parts of the world hardly bodes well for banking and other financial stocks. As such, this sector for the time being -- and all else being equal -- is not one where I personally would want to put on bullish trades.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTo gain some perspective on the multi-year picture of AXP stock I created a logarithmic chart. Here we see that while the stock has had an impressive run over the years; it is also now wedged between two defined lines of support and resistance. At the bottom of the chart I added the weekly MACD momentum oscillator, which just a couple of weeks ago was near record overbought. * The 10 Biggest Winners From Second-Quarter Earnings In my eye, considering the broader interest rate and economic backdrop as well as the chart analysis, this stock is limited on the upside with more risk to the downside. Click to EnlargeOn the daily chart, we see that over the past few weeks AXP stock has systematically broken below one technical support level after another. In early August, the stock first slipped below the purple diagonal support line, then the yellow 50-day moving average and finally below the blue 100-day moving average. While the stock doesn't have to drop in a straight line from here (in fact, I expect it to be bumpy), the next "logical" downside target by my work suggests to be the red 200-day moving average. This moving average currently resides around the $113 - $114 area.Active investors and traders could look to short AXP stock toward the 200-day moving average as a next downside target, using the $122 level as a stop loss. Click to EnlargeGet FREE ACCESS to Serge's renowned Stock Market Scanner with actionable trade ideas. Get it HERE. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Trade of the Day: American Express Stock Points Lower for a Trade appeared first on InvestorPlace.
September has a dubious reputation among the 12 months when it comes to equity market performance. Over the past two decades, the S&P 500 has averaged a September decline of 1.1%, making the ninth month of the year the worst one for domestic stocks.Source: Pavel Ignatov / Shutterstock.com Of course, seasonal trends don't always hold true to past precedent, giving investors hope that this September will defy past trends. Tuesday's market action suggests otherwise.Following another concerning economic data point and just two days after the U.S. proceeded with a 15% tariff on $112 billion worth of Chinese imports, the Nasdaq Composite slid 1.11% while the S&P 500 dipped 0.69%. The Dow Jones Industrial Average started September with a loss of 1.08%. In late trading, 23 of the Dow's 30 members were trading lower.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Tech Industry Dividend Stocks for Growth and Income "The Institute for Supply Management's purchasing managers index fell to 49.1 in August, weaker than all forecasts in a Bloomberg survey of economists, data released Tuesday showed," according to Bloomberg.That report was certainly one of the reasons why stocks swooned in the first trading of the month because ISM readings below 50 are viewed as poor. Unfortunately, ominous economic data points have recently been accumulating, fueling the fires of recession speculation. Cyclical CarnageOn a day like today, it's not surprising to see higher beta stocks from cyclical sectors lead the market lower. That's exactly what happened on the Dow. Even if I categorize Goldman Sachs (NYSE:GS) and American Express (NYSE:AXP) as value, not cyclical stocks, because they reside in a value sector, both lost more than 2% today and where joined in that dubious club by the likes of Boeing (NYSE:BA), Caterpillar (NYSE:CAT) and Dow (NYSE:DOW).More market observers are extolling the virtues of defensive names while highlighting potential vulnerabilities in growth and cyclical stocks.Morgan Stanley's Mike Wilson noted, "the firm's chief U.S. equity strategist, sees defensive bond proxies outperform growth names by another 10% as the U.S.-China trade war weighs on consumer sentiment, which adds to a long list of recessionary indicators that are already flashing red," reports CNBC. Dow Smart MovesWalmart (NYSE:WMT) was one of a small number of Dow winners today. The retail giant posted a modest gain after CEO Doug McMillon said the company is moving to substantially reduce its sales of firearms ammunition following a spate of deadly shootings across the U.S. this year."After selling through our current inventory commitments, we will discontinue sales of short-barrel rifle ammunition such as the .223 caliber and 5.56 caliber that, while commonly used in some hunting rifles, can also be used in large capacity clips on military-style weapons," said McMillon in a memo to Walmart staffers.He added that Walmart "will sell through and discontinue handgun ammunition; and we will discontinue handgun sales in Alaska, marking our complete exit from handguns." Tech TimeNot surprisingly, Dow technology names were weak today, including Cisco (NASDAQ:CSCO). That stock was bludgeoned in August and is now in world of technical distress.Separately, semiconductor giant Intel (NASDAQ:INTC) also traded lower, but company insiders remain committed to the shares. While the recent round of buys by Intel executives were scheduled, it pays to remember that insiders only buy their shares for one reason: because they believe the stock is going higher. Bottom Line: An Ominous Start to the Dow This MonthThis was not the way to start September, which I noted has a poor reputation at best. Rising volatility coupled with increasingly rough economic data puts added burdens on the White House to ameliorate the trade situation with China and for the Federal Reserve to lower interest rates, but only one of those outcomes can be seen as "reliable."And not to be discouraging, but here are some more tidbits on the potential for September trouble:"The Dow Jones Industrial Average has averaged a loss of 0.75% in September over the past 30 years, CNBC analysis using Kensho shows," reports CNBC. "In fact, the 30-stock average trades positive just 47% of the time in September. The S&P 500 does not fare much better either. In September, the broad index loses an average of 0.47% and trades positive just 52% of the time. The Nasdaq Composite averages a marginal gain in September."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Best Tech Stocks to Buy Right Now * 10 Mid-Cap Stocks to Buy * 8 Precious Metals Stocks to Mine For The post Dow Jones Today: Not the Way to Start September appeared first on InvestorPlace.
The question "What's in your wallet?" has been a famous advertising tagline for Capital One Financial for the past several years. Visa Inc. has provided a return of 37%, and American Express Co. has climbed 26% so far this year. First up is Mastercard.