106.20 +0.82 (0.78%)
After hours: 7:57PM EDT
|Bid||105.18 x 800|
|Ask||106.00 x 1100|
|Day's Range||101.63 - 105.87|
|52 Week Range||67.00 - 138.13|
|Beta (5Y Monthly)||1.05|
|PE Ratio (TTM)||12.73|
|Earnings Date||Jul 17, 2020 - Jul 21, 2020|
|Forward Dividend & Yield||1.72 (1.74%)|
|Ex-Dividend Date||Jul 01, 2020|
|1y Target Est||99.96|
DOW UPDATE Shares of Boeing and American Express are posting strong returns Wednesday afternoon, sending the Dow Jones Industrial Average soaring. The Dow (DJIA) is trading 556 points higher (2.2%), as shares of Boeing (BA) and American Express (AXP) have contributed around two thirds of the blue-chip gauge's intraday rally.
DOW UPDATE Led by strong returns for shares of Boeing and American Express, the Dow Jones Industrial Average is rallying Wednesday afternoon. Shares of Boeing (BA) and American Express (AXP) are contributing to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 487 points (1.
DOW UPDATE Shares of Boeing and American Express are posting strong returns Wednesday morning, leading the Dow Jones Industrial Average rally. The Dow (DJIA) was most recently trading 413 points, or 1.
DOW UPDATE Shares of Boeing and JPMorgan Chase are trading higher Wednesday morning, leading the Dow Jones Industrial Average rally. Shares of Boeing (BA) and JPMorgan Chase (JPM) have contributed to the index's intraday rally, as the Dow (DJIA) is trading 336 points higher (1.
DOW UPDATE Powered by positive momentum for shares of Dow Inc. and American Express, the Dow Jones Industrial Average is climbing Wednesday morning. The Dow (DJIA) is trading 250 points, or 1.0%, higher, as shares of Dow Inc.
DOW UPDATE Buoyed by positive momentum for shares of Dow Inc. and Caterpillar, the Dow Jones Industrial Average is climbing Tuesday afternoon. Shares of Dow Inc. (DOW) and Caterpillar (CAT) have contributed to the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 230 points higher (0.
Apple (NASDAQ: AAPL) is a great stock to own, but the one area where it may be a bit underwhelming is its dividend. Pfizer (NYSE: PFE) is a drug manufacturer with sales all over the world. The New York-based company may not generate the level of long-term growth that you may expect from a top tech stock like Apple, but it can make for a stable, consistent dividend stock to hold in your portfolio.
DOW UPDATE The Dow Jones Industrial Average is trading up Tuesday morning with shares of Dow Inc. and American Express delivering strong returns for the index. The Dow (DJIA) is trading 160 points (0.
DOW UPDATE The Dow Jones Industrial Average is trading up Tuesday morning with shares of Dow Inc. and American Express delivering the strongest returns for the blue-chip average. The Dow (DJIA) was most recently trading 81 points (0.
Financial stocks were set for a broad rally Tuesday, with the SPDR Financial Select Sector ETF climbing 1.2% in premarket trading. The top two early gainers among the Dow Jones Industrial Average's components were financial stocks, with shares of American Express Co. rising 1.8% and J.P. Morgan Chase & Co. gaining 1.5%. Fellow Dow component Goldman Sachs Group Inc.'s stock rose 1.0%. Meanwhile, Dow futures advanced 150 points, or 0.6%. Among other more actively traded financial stocks in the premarket, Bank of America Corp. rallied 1.8%, Wells Fargo & Co. climbed 1.9% and Citigroup Inc. tacked on 2.2%. Helping provide a lift to bank stocks, the yield on the 10-year Treasury note rose 1.3 basis points to 0.675%. Higher longer-term rates can help boost bank profits, as that can widen the spread banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities.
Easing of shelter-in-place restraints pushes up the spending curve, especially on cards, favoring payment companies in the process.
(Bloomberg) -- American Express Co. fears the U.S. could see another increase in unemployment next year as large companies’ vows to avoid job cuts in 2020 begin to expire.“The question is, Where does the economy go over the next six to 12 months?” Chief Financial Officer Jeff Campbell said at a virtual investor conference on Wednesday. “Have we had the main shock of unemployment and stress on the small businesses” or, he added, “are you going to see further shocks?”The firm has pulled back on adding new credit-card customers because it can’t get a clear picture of consumers’ financial health and employment trends. American Express itself committed to making no job cuts this year as it works through the impacts of the coronavirus pandemic, which has sapped consumer spending and forced the company to increase its loan-loss reserves.Still, Campbell said Wednesday, the firm’s attrition rates have held steady throughout the crisis. That’s helped bolster American Express’s card-fee revenue, which is likely to rise by a percentage in the “mid-teens” this quarter, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
DOW, AXP among Dow Jones' top performers
American Express (AXP) closed at $96.75 in the latest trading session, marking a +1.77% move from the prior day.
Here's how investors should be thinking through the impact of social unrest sweeping the country.
The Dow Jones Industrial Average is up Monday afternoon with shares of Boeing and American Express leading the way for the index. Shares of Boeing (BA) and American Express (AXP) are contributing to the index's intraday rally, as the Dow (DJIA) was most recently trading 70 points, or 0.3%, higher. Boeing's shares have climbed $5.50, or 3.8%, while those of American Express have risen $2.13, or 2.2%, combining for an approximately 52-point bump for the Dow.
DOW UPDATE Behind strong returns for shares of Boeing and American Express, the Dow Jones Industrial Average is trading up Monday morning. Shares of Boeing (BA) and American Express (AXP) have contributed about a quarter of the blue-chip gauge's intraday rally, as the Dow (DJIA) was most recently trading 66 points higher (0.
Benchmarks finished mostly higher on Friday after President Donald Trump's press conference in response to China's new security legislation turned out not to be as disruptive to trade and finance as investors had earlier feared.
The Federal Reserve is promising it has more firepower to use if a second wave of coronavirus infections hit the U.S., as more states unfurl plans to reopen after roughly two months of lockdowns.
DOW UPDATE The Dow Jones Industrial Average is down Friday afternoon with shares of Raytheon Technologies Corp. and Boeing facing the biggest drops for the index. Shares of Raytheon Technologies Corp.
DOW UPDATE The Dow Jones Industrial Average is trading down Friday afternoon with shares of Raytheon Technologies Corp. and Boeing seeing the biggest declines for the index. The Dow (DJIA) was most recently trading 196 points lower (-0.
Few companies typify the long-term mindset that accompanies consistent stock market winners better than Visa (NYSE:V). Its focus, addressable market and day-in-day-out ability to execute make V stock one of my favorite blue-chip stock picks.Source: Tada Images / Shutterstock.com Founded in 1958, Visa has grown to become one of the Big Three names in the credit card industry along with Mastercard (NYSE:MA) and American Express (NYSE:AXP).Today, it's a $400 billion behemoth -- and even in light of the novel coronavirus pandemic this year, the company is holding its own, and the stock is reaping the rewards.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a look at some of what makes V stock such an attractive pick moving forward: Visa Is Robust and Betting on ItselfIt's almost always good when you see established, blue-chip companies like Visa betting heavily on themselves. That has been the story of 2020 thus far for the credit card giant, beginning the year with the acquisition of the hot fintech startup Plaid for $4.9 billion in cash. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Visa may have been born in the '50s, but you don't earn a value of $400 billion by 2020 if you're not willing to adapt with the times, and the acquisition of Plaid, which helps other fintech firms connect with their customers' bank accounts, is a perfect example of Visa's savvy.Firstly, the move will further entrench Visa in digital payments; it's already the largest credit card network in the U.S., handling $2.1 trillion in transactions last quarter alone. To stay as relevant as it is today, Visa needs to embrace the fintech space and the world of e-commerce. It continued doing just that in the Plaid acquisition.Second, buying Plaid with cash -- instead of, say, a deal financed entirely with V stock -- shows just how much executives believe in the company longer term. The company was saying: "No, we don't believe our stock is overvalued, and we're willing to put our money where our mouth is."That sentiment was followed up last quarter as the company bought back $3.2 billion in V stock. Not only that, it reiterated its intentions to buy back $9 billion in Visa shares on the year -- one of the most uncertain years in our lifetimes. Good Earnings, Better Trends for V StockIt's no wonder Visa is beating the market this year. It even managed to boost both revenue and earnings in the difficult March quarter, seeing revenue jump 7% year-over-year and non-GAAP earnings per share increase 9%.Going forward, an increasingly cashless economy will continue to be a long-term tailwind for Visa, and rollouts of contactless card technology will make the company increasingly relevant for in-store purchases as well.Visa's stock is also well-positioned for the unstoppable shift to e-commerce that has been ongoing for years now, and which has been accelerated by the pandemic. Nobody's using cash when shopping on Amazon (NASDAQ:AMZN), and that's good for payment processors like Visa, which saw e-commerce volumes rise 18% in April.Visa is one of the rare names that investors can buy and hold for 10 years without sweating whether the company will exist or still be a player. V stock, which has outperformed the market in a very tough year for investors, looks poised to do so for years to come.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Visa Stock Is the Best Payments Powerhouse for Your Portfolio appeared first on InvestorPlace.
I recently published my top recommendations of the best stocks to buy for a post-coronavirus bump. There are huge opportunities for strong profits as the economy rebounds, so this is a great time for investors. But one of those names, Square (NYSE:SQ) stock, deserves a closer look.Source: Jonathan Weiss / Shutterstock.com Let's do that now.I'm already on the record as saying I think SQ is the ideal stock to buy for the 21st century economy. Mom-and-pop businesses, food trucks, Girl Scout cookie sales. They all can easily process credit card payments by using Square's dongles attached to a mobile device.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnd now that we live in a world touched by the novel coronavirus, people are going to be much less willing to handle cash. In turn, they will be more inclined to make payments with their Visa (NYSE:V), Mastercard (NYSE:MA), American Express (NYSE:AXP) or Discover (NYSE:DFS) cards.Even payment options from Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will likely see more traffic as people decide transferring money from person to person isn't the most hygienic thing in the world. SQ Stock at a GlanceSquare is trading close to $80 right now and is up nearly 30% year to date. But that doesn't represent the absolute whipsaw that SQ put investors through so far this year.The stock price fell more than 55% in March as the pandemic shuttered many businesses across the country. And it disproportionally hurt SQ, as a huge percentage of Square's revenue comes from small businesses that make less than $125,000 annually. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure The rally really caught fire earlier this month when Square issued its first-quarter earnings, in which the company reported revenue of $1.4 billion that beat Wall Street's estimates of $1.3 billion.Square's Cash App saw its revenue jump nearly 200% to $528 million. The app is becoming more important for users because it offers access to CARES Act stimulus payments approved by Congress.However, Square reported a net loss for the quarter of $106 million as it increased its reserves in preparation for likely loan losses. The company issued a stark warning to investors that, while it should come as no surprise, seems to have scared some analysts off:"We recognize that the macroeconomic environment is having a significant impact on people around the world, including many of our customers. This may cause a variety of outcomes for our financial results in upcoming quarters, depending on the length and severity of the impact from COVID-19, and we expect a material impact to our second-quarter results." The Bears Are Coming OutSquare has been rallying nicely, but bearish sentiment is emerging. Frankly, the origin of that sentiment is off the mark.Bank of America analyst Jason Kupferberg recently downgraded SQ stock from "buy" to "underperform," while expressing doubt that small businesses will be able to bounce back once their government stimulus checks run out.UBS analyst Eric Wasserstrom also issued a downgrade, from "neutral" to "sell," while raising his price target from $54 to $63. He cited what he called a "weak outlook" for Square's seller business.Guggenheim analyst Jeff Cantwell also issued a downgrade. He said Square will be hurt by small and mid-sized business that he expects will struggle through 2021.With all due respect, the bearish commentary on SQ stock is short-sighted right now.The company is building amazing depth. Square also has Square Register, Square Payroll and Square Capital. These solutions give it the resources to handle both personal and business finance.The company also received approval in March to open its own bank, which opens the door for it to offer personal and business banking services.Cash App also features the Cash Card, which works like a debit card and lets customers buy and sell bitcoin and invest in stocks. Square said its revenue off of bitcoin transactions was $306 million last quarter, compared to $65.5 million in 2019.In addition, Square Cash allows people to transfer money to each other with their mobile devices, making it a legitimate competitor to PayPal (NASDAQ:PYPL) and its Venmo app.At the end of 2019, Square Cash had 24 million active users, compared to 52 million for Venmo. The Bottom Line on SquareEven if smaller businesses struggle in the aftermath of the pandemic, Square is an ideal stock to own. It makes perfect sense for today's economy.SQ stock maintains its buy rating in my Portfolio Grader, where it continues to have a B grade.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Resilient Square Stock Will Defeat the Bears appeared first on InvestorPlace.