I expect Stunning miss that will be one for he record books
axp has forecasted a GAIN of 10% from previous quarter when COSTCO accounted for over 10% of revenues ! In effect AXP is forecasting a 20% gain of their revenues without COSTCO
Maybe 5% is seasonal summer spending but I will be astounded and shocked if they com anywhere near to making this forecast. I am expecting revenues to be FLAT or NEGATIVE from last quarter mammoth miss that will take AXP to the upper 40's to lower 50s
lets see if I am right again just from imploding retail sales overall and costco loss..
PRHL is the stock to keep an eye on. Deregulated energy play that has had some massive press over the past few weeks. Already showing signs of a breakout. PRHL could be huge
Yes. Costco news is old news. AXP has bought back tons of shares while it is cheap. That alone will left the EPS by 6-7% this year, next year and the years after. The long established marketing machine and loyal-led high income members keeps cranking out cash. The events that AXP sponsored and organized always had sold out situation. Olympic and Euro cup year always lifted sales.
Sentiment: Strong Buy
Expect some upgrade for AXP based on the fact that we live in bizzaro world where massive losses = bullish.
Sentiment: Strong Buy
who in the world uses this overpriced card anymore? Up 2% on the final day of losing their biggest customer. What a joke. The only card I ever use is Visa and even then I try to only use it when necessary. I know many small businesses stopped using AMEX because they charge merchants so much. It looks cheap at these levels but I think things will continue to deteriorate for them going forward turning the stock into a major value trap. New competitors will change the entire credit card space and will leave the big dinosaur amex in even worst shape than it's already in.
Sentiment: Strong Sell
this is you !
I told you 50's...
Neiman Marcus, which also operates the Bergdorf Goodman stores and mytheresa said it was working with its suppliers to reduce inventory by cancelling orders, returning excess inventory and negotiating for additional markdown allowances.
The retail slowdown has spooked suppliers such as Michael Kors Holdings Ltd and Coach Inc, which is pushing department store operators to cut back on promotions.
Neiman Marcus' net income fell to $3.8 million from $19.8 million a year earlier, while revenue dropped 4.2 percent to $1.17 billion.
I was a skeptic at first due to all the posts but thisguy are
official. Just search Ultimatestockalert and jointoday! Their last alert was a massive winner for me.
Aren't you the same person that was extremely bullish yesterday? Don't lie. I checked your posts. Now you come out ALL caps. What happened besides Brexit?
I agree which is why I added today at $60.61. Now my average cost is $57.60. Didn't think I would be able to add down at these levels. Sure it could go lower!
Total falsehood. You have just had BS called on you. It is simply falling in sympathy with SYF and a wishy washy Street article which is probably a designed hit piece to short. Just keep that short position past earnings and see what happens.
they tell me axp filed a report that says it will need to have higher bad loan chargeoffs also !
my my my !