My biggest loss this month came via the hands of AXP. Was it not for the guys at Ultimate Stock Alerts (find them in Google) I would lost more
IDI prevails over naysayers as it powers top new highs. Is the new announcement of the Russell the main catalyst?
There timing is simply the best! I shorted the market prior to it plummeting and made money, and went long when I received there daily video saying to buy at the bottom and again bigtime in the money on both calls! There daily video its free, and maybe it can help you like it has helped me.
Visit StockMarketVideot (Google them)
AXP is the best in terms of return . V and Mastercard will lift the tide. AXP and DFS both has proven models with much faster grow if interest rate rises. V and Mastercard will bite the dust at that point without gaining the leverage of the yield curve. .
A huge amount of headwinds for AXP
1. They lost case enabling stores to steer people to use cards that they pay less commission on.
2. They lost COSTCO
3. High end customers are spending less as the market is not rising this year
4. They keep raising fees
5. The biggest in my mind is that AXP high end customers get embarrased very quickly if thier card is rejected once it becomes NOT cool to own the axp card the wealthy will switch to different cards en masse
you will see the results of this in coming quarters that is my opinion I think it's 80 now will be 50 next year will reference this post to prove to you i know what I'm talking about
Some believe CYAP and its new mobile coupon app could become the default gem for the $46 billion sector
young people are not spending as they have no moneyh left after paying their cell phone bills and they are not interested in clothing that's why all the teen retailers are tanking like aeropostale Gap etc
And did you hear that a record number of HELOCS are resetting that is after 10 years of 0 interest payments this year millions of people will have to pay back Principle and stop borrowing from their revolving line of credit !
this combined with higher interest rates is going to impact retail spending in a big way this year do you
Old harlot is a contra indicator!!
Since dumping on AXP, which she was wrong.
Earnings CAME out, and AXP dropped to $76.60 for a nano second!! From there its been up!!
AXP is classically oversold and moving diligently to the mid-80's. Great time to invest in a well managed credit card company. What is being today and going forward is a repositioning and rotation back into AXP, especially with summer travel looming.
Sentiment: Strong Buy