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AXP trade ideas

OPTIONS WATCHLIST 8/18/2024 OPTIONS WATCHLIST 8/18/2024 NASDAQ:PYPL - Stock failing to break $68.25 long term resistance for that 5th time but still holding close to it. Calls above that level for a move to $70 and higher. Stock is strong on indicator level NYSE:IBM - On CNBC, Rob Sechan of NewEdge Wealth said IBM is a “nice combination of defensive growth and margin expansion.” calls above $194 for a move towards $200 and higher. All time highs around $206 NASDAQ:TTD - Friday Live On CNBC; Josh Brown Buys Trade Desk as stock broke $100 resistance level. Next resistance at $102.50. Looking for calls above that level. For a move towards $110 and higher. NYSE:JPM - stock moving strong with other bank stocks as it approaches top of trendline resistance at $215. Looking for calls above that level for a move towards $220 and higher. Stock is strong on indicator level NYSE:AXP - Another stock with strong momentum approaching all time highs at $256.24. Looking for calls above $252.5 for a move towards all time highs and above.
NYSE:AXP
by TheStockTraderHub
$AXP - fake breakout or recharge?I typically never look at stocks that have a huge run up and seem over extended on the 1 day chart. But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up. Due to the big wick on Friday, the fib channel has opened a pathway to $260. Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move. This is interesting for me as it goes for, and against, what I look for in a price target. Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range. Not trade advice.
NYSE:AXPLong
by mike-ai-automation
American Express Resistance Breakout At $244.29 19.07.2024Resistance Breakout: American Express ( NYSE: AXP ) spotted at $244.29 on 4HR Chart, price currently at $249.13. Bullish Scenario: If breakout holds, target $258.52. If $258.52 is breached, next target $267.32. Bearish Scenario: If breakout fails, expect drop to $239.36. If $239.36 is breached, next target $235.49. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:AXPLong
by Stuart_Cowell
American Express May Be Sneaking HigherAmerican Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside. The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3. So, the current month’s low is near a previous month’s high. Has old resistance become new support? Next you have a higher low above $234 this week. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect a bullish short-term trend. Finally, stochastics are near an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:AXP
by TradeStation
American Express Surges 4.33% on Earnings BeatAmerican Express, a leading financial services corporation, has released its first-quarter results for the year 2021. The company has outperformed the analyst estimates with higher-than-expected revenue, net income, and diluted earnings per share (EPS). The company's net interest income has also been higher than anticipated, thereby avoiding the fate of several other financial firms. American Express has reaffirmed its full-year guidance for fiscal 2024, projecting significant growth in year-over-year revenue and EPS. The company has projected revenue growth of 9% to 11% and EPS of $12.65 to $13.15 for 2024. The company's revenue of $15.8 billion in Q1 2021 has exceeded the consensus analyst estimates compiled by Visible Alpha, which was $15.76 billion. The net income of $2.44 billion and diluted EPS of $3.33 have also surpassed the estimates of $2.17 billion and $2.96 per share, respectively. American Express has reported $3.77 billion of profit in the net interest income metric, which is higher than the market expectation of $3.66 billion. The company's CEO, Stephen Squeri, has attributed the success to the company's ability to attract high-spending, high-credit-quality customers to the franchise. The company has seen strong demand from millennial and Gen Z consumers, who accounted for over 60% of new consumer account acquisitions globally. The company's shares initially fell 2% in pre-market trading following the earnings report's release before reversing course. The stock has gained about 20% so far this year and is currently up more than 3% at $224.48 as of 10:17 a.m. ET. Last month, American Express ( NYSE:AXP ) announced an increase in its quarterly dividend to 70 cents per share, up from the previous mark of 60 cents. In conclusion, American Express ( NYSE:AXP ) has exceeded the market's expectations with its Q1 2021 results and reaffirmed its full-year growth guidance for 2024. The company's ability to attract high-spending, high-credit-quality customers and strong demand from millennial and Gen Z consumers suggests a promising future for the corporation.
NYSE:AXPLong
by DEXWireNews
AXP, THE PLATINUM CARD ISN'T ACTUALLY PLATINUMTrends and price targets marked. Things are overextended Potential to bounce back and catch more upside even with the overextension. Guideline is more for backtracking, but it could potentially look something like this. Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like. 247 or so looks like a top to me especially with the trend formation I would suggest watching a break on the lowest green support trend and I would also suggest watching a rejection on the rejection trend. Should we break out of rejection trend, probably 360. Drop will be steep, but the most natural path would be the 247 drop to 80. I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
NYSE:AXP
by nicktussing77
1
American Express Q4 Earnings Report: Navigating Challenges American Express (NYSE: NYSE:AXP ) recently released its fourth-quarter earnings report, showcasing a mix of positive and challenging developments. While the financial giant reported solid earnings growth and increased quarterly dividends, concerns have surfaced regarding a notable uptick in net write-offs. This article delves into the key aspects of American Express' Q4 performance, providing a comprehensive analysis of the company's financial health, dividend strategy, and market response. Earnings Performance: In the fourth quarter of 2023, American Express ( NYSE:AXP ) reported net income of $1.9 billion, a substantial increase from the year-ago figure of $1.6 billion. The per-share earnings also demonstrated growth, rising from $2.07 to $2.62. Despite these positive strides, the reported earnings fell slightly short of Street estimates, with the consensus expecting $2.64 per share. Provisions for Credit Losses: A notable concern in the report was the 40% annualized increase in provisions for credit losses, totaling $1.4 billion. This suggests a continued rise in net write-offs, indicating potential challenges in managing credit risk. The increase in credit loss provisions has raised eyebrows among investors and analysts alike, prompting a closer examination of the company's risk management strategies. Dividend Increase: American Express ( NYSE:AXP ) sought to balance concerns about credit losses by announcing a 17% increase in its quarterly dividend, now set at 70 cents per share. This move is aimed at rewarding shareholders and instilling confidence in the company's financial stability. The stock market responded positively to this news, with NYSE:AXP experiencing an uptick of close to 40% from its low in late October. Revenue and Expenses: The Q4 report revealed consolidated total revenues net of interest expense at $15.8 billion, reflecting an 11% increase from the previous year. The growth was primarily driven by higher net interest income and increased Card Member spending. However, expenses also rose by 5%, reaching $11.9 billion, attributed to higher customer engagement costs and other factors. Segment-wise Analysis: Breaking down the performance by business segments, U.S. Consumer Services reported a pretax income increase, but provisions for credit losses also surged. Commercial Services and International Card Services showed mixed results, with varying impacts on credit losses and expenses. Global Merchant and Network Services reported positive growth in pretax income and revenues, while Corporate and Other faced a pretax loss. Future Outlook: Despite the challenges reflected in the Q4 report, American Express ( NYSE:AXP ) remains optimistic about its future. The company forecasts up to 11% annualized growth in revenue and anticipates per-share earnings in the range of $12.65 to $13.15 for Q4. This outlook exceeds analyst expectations, with consensus estimates at $12.38 per share. Conclusion: American Express' ( NYSE:AXP ) Q4 earnings report paints a nuanced picture of the company's performance. While grappling with increased credit losses, the strategic move to boost dividends showcases management's commitment to shareholder value. Investors are likely to closely monitor how American Express ( NYSE:AXP ) addresses the challenges highlighted in the report and executes its growth plans in the coming quarters.
NYSE:AXPLong
by DEXWireNews
🏧 Focus on American Express Co. stocks. 23/10/2023American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels. Therefore, today, we focus on the American Express Co. (NYSE: AXP) stock chart. On the D1 timeframe, resistance has formed at 154.79 without clear support. On the H1 timeframe, if quotes return beyond 144.29, the short-term target for the price increase will be around 154.55; while in the medium term, it could reach 179.12. — Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews. The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments. Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
NYSE:AXP
by RoboMarkets
1