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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
Ascending triangle formation with recent rejection off of 55 MALooking at the daily time frame of AXP, I'm seeing an ascending triangle or possible wedge depending on whether you tightly follow the wicks. Recent rejection from the 55 MA and slowing volume could suggest it will continue sideways, having seen a lot of movement around the 0.236 Fib ratio it's entirely possible it hangs around here for the short term. Definitely worth keeping an eye on, if you're optimistic there could be value in going long.
NYSE:AXPLong
by Stealthybro
AXP Fibonacci RetracementAXP is looking prime to break through the other 3 out of 4 resistance levels drawn. If it doesn't lets look to see if it revisits support, if it goes below $80, which would be then 2/4 of the support levels broken, it would look to start to be a buy for me. Ideally I would love to buy this in the $75-$69 range if I was presented with another downtrend from AXP. Key Levels Resistance: $94.07, $93.98, $91.74, $85.89 Support: $83.64, $83.65, $78.66, $75.03 I'm using the time frame of 195 minutes in order to be able to give ourselves a bit better view of how the price of AXP has moved during active trading hours. I use 195 minutes as it equates to 3.25 hours, which in turn is similar to using the 65 minutes interval. By using the 65 minutes interval we are avoiding the first 30 minutes of trading, due to news being published, announcements, and overnight orderings being filled. Stocks will typically gap up or gap down and then reverse their direction during the first 30 minutes of trading. The first 30 minutes is typically where the retail investors and new investors are never warned about and will get their face ripped off due to FOMO. If we had used a 60 minute chart, it presents a flaw, this would give us a trading session without equal intervals, since 390 minutes is not divisible by 60 minutes -- when divided it gives you 6.5 intervals. This is why in our interval we ignore the first 30 minutes of trading in our charts. The 195 minute interval satisfies the Fibonacci friendly numbers as well, by using 13 minutes, 65 minutes, 130 minutes, and 195 minute charts. The 195 minute chart typically is great for looking to start a position of commons, by also using this one indicator to verify it against any others you may use typically for your long dated positions. Another interval that can be great to use is the 78 minutes -- it gives a nice equal 5 intervals during a trading session -- and yes, you guessed it, it's also divisible by the magical Fibonacci number of 13, which gives you 6 equal intervals. Never forget, God rested on the 7th day to create everything, it only took 6 days -- there's that magic number again.
NYSE:AXPLong
by buy-the-dip
4
American Express suggests continuation of downtrendThanks for viewing, I'll give my technical and fundamental view briefly; Technical; - After the sharp drop from February highs AMEX has under-performed the market - dipping ~51%, - This compares to an over 80% drop in 2009, - The dip was followed by the formation of a rising wedge, which normally indicates continuation of the trend preceding the pattern (which is down), - Elliot Wave seems to also suggest continuation - with wave (5) down possible, - The 55 EMA showing resistance, - I see potential support below at $60, $57, and the $50 - but if the stock equals its 2008-9 drop in % terms we are looking at sub-$25. Fundamental; - Credit Card (and charge card) Companies have a licence to print money, all payments made on credit expand the monetary supply (inflationary) - until debt is extinguished (deflationary). Over the past 10 years, they have been able to borrow at negative real rates and pocket the spread. But when the economy turns down, these Companies are hit hard by defaults, - Even in good times, retailers balk at being charged 6% per charge card transaction, - What are air miles gained on transactions worth these days when no-one is flying?, - From the last recession, I read one consumer credit exec talking about the increase in defaults in terms of MULTIPLES of the rise in unemployment www.forbes.com). They didn't say what multiple, but If the multiple is just 1, then the default rate (which would impact shadow banking, consumer credit, and unsecured lenders first and worst) could jump to 20-25% of all outstanding debt balances (pre-crisis unemployment below 4% and estimated to exceed 30% by Goldman Sachs). Even a 1.5 multiple would yield 35% default rates. Who knows how things will shake out, - It will all depend on the underwriting standards over the past few years, if newly signed-up customers are among the most credit-worthy, then things won't be so bad (data suggests that default rates even among CC customers with FICO scores above 740 have tripled recently www.forbes.com). If, when times were good cards were sent to anyone with a pulse then things won't be as great, - The Fed is buying distressed ABS and MBS securities, apparently without regard for the creditworthiness of the underlying security, it is feasible that all this credit card debt packaged up and sold as an asset backed security has/will be been sold to the Fed at 100 cents on the dollar as it started to show signs of rising defaults in the underlying assets. This is a positive factors for the Company - I have doubts if it is positive for the economy down the line, - CC Companies are offering repayment holidays - possibly in part to defer incurring defaults - this will of course impact on profitability. - It all depends how you see this crisis - as being better or worse than 2008-9. My view is that this is many times worse, but that is just me. There are many reasons to expect higher defaults as compared to 2008-9 in an economy that has stopped on a dime, - Today's dividend yield of 1.79% seems insufficient to compensate investors for the higher risk associated with holding equities - considering the stock is down over 30% from Feb highs. This is my view in general as well, a lot of stocks are "growth" stocks, which do not pay (in my view) a high enough risk-adjusted dividend to be worth owning. This is all gravy when the stock is rising, but when the dividend is below inflation AND the stock is losing value, there is less incentive for an investor to hold firm. If you combine this with a tendency of this stock to significantly underperform the market in recessions then you understand the basis for my bearish view. So, overall, this stock rides high when times are good and has a history of being impacted more than the average. I don't see why that wouldn't still apply. Cheers, and protect those funds
NYSE:AXPShort
by flyinkiwi10
2