|Bid||113.67 x 1200|
|Ask||113.85 x 800|
|Day's Range||111.50 - 114.14|
|52 Week Range||89.05 - 114.55|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||14.37|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.56 (1.43%)|
|1y Target Est||119.05|
The Dow Jones Industrial Average got a lift from a strong U.S. retail sales report and mostly better-than-expected earnings. nearly 2% after the credit card company posted stronger-than-expected first-quarter earnings, but rising expenses and rewards program costs ate into its bottom line. Stocks ended in positive territory Thursday buoyed by a strong U.S. retail sales report and mostly better-than-expected earnings.
The coveted American Express Centurion or "Amex Black Card" is the choice of the elite, but is it worth it, and how does it compare to the Amex Platinum card?
Credit card giant American Express reported mixed first-quarter results early Thursday, kicking off results for big payments stocks.
Although this year the stock market sentiment is in a much better state, the banks still have their reputation that they cannot hold their rallies. But therein lies part of the opportunity in American Express (NYSE:AXP) stock today.Source: Marcus Quigmire Via FlickrThis round of bank earnings has so far gone much better than the last one. There is some chatter about a sustainable rally in their stocks. On Tuesday we even saw a flip from red to green in stocks like Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM).This hasn't happened in a while, so perhaps the trend that banks can't hold their greens is dying. If so then this will provide a lift to AXP stock as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, transaction companies like AXP, Visa (NYSE:V), MasterCard (NYSE:MA) and Square (NYSE:SQ) rally in sympathy with money center banks. So if the Financial Select Sector SPDR Fund (NYSEARCA:XLF) rallies then so will the transactors like AXP.In addition, AXP is an excellent financial stock that has proven over the years that they can manage through adversity. Case in point was the debacle over losing the Costco (NASDAQ:COST) account. The stock suffered for a while but has since set new all-time highs.I was lucky to ride the last mega breakout in AXP from the December lows. American Express rallied over 25% so today I am trying to catch the next opportunity. Usually, I consider these technical opportunities tactical trades but this one doubles as a long term conviction investment. This is a stock I want to own for the long term. * 10 Best Stocks to Buy and Hold Forever The reaction this morning is slightly negative from the earnings. Management reported a boring quarter where they barely beat the bottom line and narrowly missed sales. The forward guidance was in line so they gave traders nothing to cheer. So AXP will move in line with the overall equity market for now.So if this rally in stocks continues, then AXP stock has the opportunity to break out from $114.40 to target another $10 run from there. There will be resistance there but if the bulls can close above it then the bears will be tired so the stock will overshoot higher.The macroeconomic condition still favors the bullish thesis. We do have threats from lingering headlines of tariff wars. But as we approach another round of elections means that those deals will happen so we go back to trading the profit and loss statements rather than headlines.Most importantly, the threat from the Federal Reserve inverting the curve has disappeared. They have affirmed that they won't cause the short term rates rise above the long term rates so this relives fears for banks. The steeper the curve the better are their profits.For American Express stock, the short term price action from the earnings headline is meaningless for the long term. All global transactions will be electronic so the demand on their services will continue to increase. There are only but a few companies that serve this market and they are a global household name. So they are well set to continue to prosper for years.Then there is the China market opportunity. The U.S. and China are nearing a deal where companies like AXP could have a new opportunity become available in the largest market on the planet.The short term technical threat for AXP stock is at $108 per share. If the bears push price below it they could target $102 per share. This is not a forecast but it is a scenario that could unfold in the next few weeks. But even then, this won't change the overall opportunity for the long term.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. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Why You Should Buy and Hold American Express Stock appeared first on InvestorPlace.
Berkshire-Backed StoneCo Tumbles after ITUB Ups AnteStoneCoStoneCo (STNE) was trading down 27.6% as of 1:30 PM ET. The negative price action was driven by an announcement by Itaú Unibanco Holding (ITUB). Reuters reported, “Rede, Itaú’s card
Read about the most important subsidiaries of American Express Company, including two banks, an insurance company and a fraud protection company.
The Dow Jones today was in the driver's seat in afternoon trading Thursday, led by Travelers and American Express which reported strong earnings.
AmEx has been bolstering its rewards programs and relying on partnerships to get customers to spend more. Last year, it renewed partnership with Delta Air Lines Inc that brought in over a million customers over the past two years, the company said. The rewards program helped push quarterly card customer spending up 4 percent from a year ago.
Dow Jones stock Travelers beat the Street's consensus estimates on revenue and earnings. American Express topped estimates on earnings but missed on sales.
American Express posted stronger-than-expected first quarter earnings Thursday, and held onto its full-year outlook, but rising expenses and rewards program costs ate into its bottom line.
The stock market was sharply mixed early Thursday. Tech stocks lagged with the Nasdaq falling 0.4%. Hot IPO stock StoneCo crashed 20%.
While many eyes will turn to the Pinterest and Zoom initial public offerings, part of a strong run of tech IPOs recently, most of the attention will fall on the Justice Department’s release of the redacted Mueller report into U.S. President Donald Trump and Russia. The debate over whether tech stocks will fall when the economic cycle turns to contraction, and businesses and consumers pull back on spending, has heated up in recent years.
Wall Street was set to open slightly higher on Thursday, ahead of a long Easter weekend, supported by robust retail sales data, with investors eying the release of a long-awaited Mueller report. U.S. retail sales increased by the most in 1-1/2 years in March, the latest indication that economic growth picked up in the first quarter after a false start. "Retail sales really came back roaring.
American Express (AXP) delivered earnings and revenue surprises of 0.50% and -1.21%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
The New York-based company said it had net income of $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.01 per share. The results surpassed Wall Street expectations. The average estimate ...
Shares of American Express Co. dropped 1.1% in premarket trade Thursday, after the global payments and credit card company reported a first-quarter adjusted profit that topped expectations, but revenue that came up shy. Net income fell to $1.55 billion, or $1.80 a share, from $1.63 billion, or $1.86 a share, in the same period a year ago. Excluding non-recurring items, such as legal reserves related to merchant litigation, adjusted EPS rose to $2.01 from $1.86, above the FactSet consensus of $1.99. Total revenue grew 7% to $10.36 billion, below the FactSet consensus of $10.46 billion. Global consumer services revenue rose 9% to $5.6 billion, reflecting higher loan volumes and card member spending, and commercial services revenue increased 6% to $3.2 billion as a result of higher card member spending. Merchant and network services revenue was flat at $1.6 billion. The company affirmed its 2019 guidance provided last month of EPS of $7.85 to $8.35 and revenue growth of 8% to 10%. The stock has rallied 17.3% year to date through Wednesday, while the Dow Jones Industrial Average has gained 13.4%.
American Express Company (AXP) today reported first-quarter net income of $1,550 million or $1.80 per share, compared with net income of $1,634 million or $1.86 per share a year ago. Excluding the impact of foreign exchange rates, adjusted revenues net of interest expense grew 9 percent.3 The increases were broad-based and reflected higher Card Member spending, loan volumes and fee income.