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AMER EXPRESS COAMER EXPRESS COAMER EXPRESS CO

AMER EXPRESS CO

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AEC1 trade ideas

One of WB's favourite stock holdings 2 concerns I have - Will the Americans continue to spend like pre-Covid 19 days ? Coz that is what credit cards do, to help you to spend more by giving you leverage to your cashflow. The more you spend, the more they earn. Secondly, AMEX is also tie up with various hotels and airlines with its co-branding cards (a way to diversify and again encourage spending). Until the airlines resume full operation, hotels business will be affected and thus AMEX cards business will also be affected. Chart wise, it has just broke out of the bearish trend line and possibly we are looking at the price continue to go higher towards 111. We are basing this assumption on the continued positive news on vaccine developments, states reopening, continuing Feds support, good data from US, etc.
NYSE:AXPLong
by dchua1969
AXP BullishHello, Be sure to comment, follow, like, and check out my profile for more trade ideas! What is AMX? The American Express Company, also known as Amex, is an American multinational financial services corporation headquartered at 200 Vesey Street in New York City. MAY 27, 2020 10:29AM EDT In early trading on Wednesday, shares of American Express topped the list of the day's best performing Dow Jones Industrial Average components, trading up 5.6%. Year to date, American Express has lost about 20.0% of its value. What happened The stock market is having an excellent start to the short trading week on Tuesday. As of 11:20 a.m. EDT, the Dow Jones Industrial Average was up by 2.7% and the S&P 500 index was above 3,000 for the first time since early March. Throughout the stock market rally since hitting bottom in late March, we've seen financial stocks -- particularly credit card companies -- outperform the market on strong days, and Tuesday wasn't an exception. American Express (NYSE: AXP) was nearly 6% higher on the day, while Discover (NYSE: DFS) and Capital One (NYSE: COF) were doing even better, up by 7.6% and 7.8%, respectively. So what There were a few reasons the stock market was higher on Tuesday. First, investors are becoming more hopeful that a coronavirus vaccine will become widely available by the end of 2020 or in early 2021. Novavax (NASDAQ: NVAX) announced that its vaccine candidate was entering human trials, and this comes on the heels of Moderna's (NASDAQ: MRNA) strong preliminary results, announced last week. There are now 10 vaccines in human trials, and investors seem quite confident that one or more will help bring the pandemic to an end. Second, while economic activity is still far from prepandemic levels, many experts have been surprised to see how quickly things like credit card spending and air travel are starting to come back. And in states that have been reopened for some time, there have been some upticks in COVID-19 cases, but no major spikes, as many had feared. Finally, May's consumer confidence numbers were just released, and the reading of 86.6 came in far better than the 82.3 that economists had been expecting. In short, this shows that consumers might be in better financial shape than previously thought, and pent-up demand could help get the economy back on track sooner than anticipated. Now what So why is this news moving credit card stocks in particular? In a nutshell, these three things could indicate that the economy will normalize quicker than expected and consumers might be more willing to spend money than originally thought. While the credit card business is obviously more complicated than can be explained in a paragraph or two, there are two main things that need to happen for credit card issuers to remain profitable. First, consumers need to be willing to take on debt -- this is where the higher-than-expected consumer confidence and rebounding economic activity come into play. And second (and most importantly), consumers need to be able to pay their bills. Nothing can sink a credit card issuer, or any bank for that matter, faster than a massive spike in loan losses. And if the economy rebounds more quickly than many fear it will, it could help credit card lenders like these three avoid an unmanageable spike in defaults. The bottom line is that any news that indicates the economy is getting back on track is positive news for credit card issuers. And the market is getting quite a bit of it right now. CONTRIBUTOR Matthew Frankel The Motley Fool PUBLISHED MAY 26, 2020 12:10PM EDT Good Luck Cheers!
NYSE:AXPLong
by keifer
American Express D1American Express is one of the largest financial institutions in the world and one of the twenty largest banks in the United States. American Express cards are popular especially among travelers and businessmen whose type of activity is related to trips to other countries. The shares of this company collapsed during the epidemic, as did the shares of other banks and payment systems. We see from the graph that the Visa and MasterCard payment systems have already begun quite substantial growth. Because all over the world they are beginning to partially remove quarantine restrictions and the circulation of money on the planet begins to grow, which stimulates the shares of payment systems to grow. The American Express may be stimulated by the fact that already in a number of countries the ban on crossing the border has been lifted and given the opportunity to travel on business. The growth of these shares may not be so fast. But everyone knows that the cheaper we buy, the more we earn.
NYSE:AXPLong
by StrongBull777