|Bid||124.08 x 800|
|Ask||125.34 x 800|
|Day's Range||122.69 - 124.75|
|52 Week Range||89.05 - 129.34|
|Beta (3Y Monthly)||0.98|
|PE Ratio (TTM)||15.41|
|Earnings Date||Oct 16, 2019 - Oct 21, 2019|
|Forward Dividend & Yield||1.56 (1.27%)|
|1y Target Est||132.60|
American Express (AXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
When folks think of the Berkshire Hathaway (BRK.B) portfolio and its collection of holdings, most of which were selected by Chairman and CEO Warren Buffett, the companies that most readily come to mind are probably American Express (AXP), Coca-Cola (KO) and, more recently, Apple (AAPL).But a deep dive into Berkshire Hathaway's equity holdings reveals a more complicated picture.Berkshire Hathaway held positions in 47 separate stocks as of June 30, according to the most recent regulatory filing (Aug. 14) with the Securities and Exchange Commission - down from 48 in the first quarter of this year, as he dumped USG Corp. (USG). But the portfolio of "Buffett stocks" isn't as diversified as the number might suggest. In some cases, BRK.B holds more than one share class in the same company. Some holdings are so small as to be immaterial leftovers from earlier bets the Oracle of Omaha has yet to completely exit.And perhaps most importantly, Berkshire Hathaway's equity portfolio is actually pretty concentrated. The top six holdings account for almost 70% of the portfolio's total value. The top 10 positions comprise 80%. Banks and airlines, to cite a couple of sectors, carry quite a load in this portfolio. Then there's the fact that several Buffett stocks actually were picked by portfolio managers Todd Combs and Ted Weschler.Here, we examine each and every holding to give investors a better understanding of the entire Berkshire Hathaway portfolio. SEE ALSO: 50 Top Stocks That Billionaires Love
Top hedge funds bought software and IPO stocks like Twilio and Pinterest, new 13f filings show. Jana Partners, focused on social impact investing, dumped jewelry, mineral firms.
Billionaire Dan Loeb's hedge fund, Third Point LLC, disclosed that it sold off its investments in American Express Co. and Constellation Brands Inc. during the second quarter, while adding to its Netflix Inc. stake. Overall, the value of Third Point's equity holdings declined to $8.54 billion as of June 30 from $8.99 billion as of March 31; the S&P 500 rose 3.8% during the second quarter. Third Point had owned 1.5 million shares of AmEx and 1.05 million shares of Constellation Brands as of March 31. The fund also sold off the 1.75 million share holding of Celgene Corp. during the quarter. Separately, the stake in Netflix increased to 500,000 shares as of June 30 from 400,000 shares as of March 31. Third Point's largest investment by market value is still hospital products company Baxter International Inc. , but its stake was decreased to 23 million shares from 28 million shares. The stake in Campbell Soup Co. dropped to 18.5 million shares from 21 million shares.
Editor's note: "5 Great Blue-Chip Stocks to Buy" was previously published in July 2019. It has since been updated to include the most relevant information available.If you're like me, the current bout of trade-induced volatility isn't sitting too right. And while swings and bear markets are a part of investing, the kind of big plunges we've recently seen does make for some sleepless nights. Which is why the best stocks to buy could be America's blue-chip stocks.Blue-chip stocks don't necessarily have a formal definition, but they are generally stable and well-established companies. Blue-chip stocks are typically household names with billions in revenues and steady rising profit profiles. Often, they share the wealth with their investors via rich dividend and buyback programs.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Dividend Stocks for Investors to Buy Right Now The best part is that investors can count on blue-chip stocks to help them get through periods of malaise and bear markets as they tend to be less volatile than let's say, smaller growth stocks. To that end, with the markets starting to feel a bit shaky, blue-chip stocks could be the best way to position your portfolio in the upcoming months.But which blue-chip stocks make sense to buy? Here are five that could help you get through the next few months and an upcoming bear market. Cisco Systems (CSCO)The technology sector is often seen as a growth element for a portfolio. However, the sector does feature plenty of blue-chip stocks that produce mountains of cash flows, steady dividends, and rising profits. Case in point, former dot-com darling Cisco Systems (NASDAQ:CSCO).Source: Shutterstock After building the internet and networking with its focus on switching gear and routers, CSCO made the smart pivot into services and reoccurring revenues. It basically created the model that many tech firms have copied.And in doing that, Cisco has become a cash generation machine. Last quarter alone, the firm managed to produce more than $3.5 billion in free cash flows.The best part is that CSCO continues to share that cash with investors. The firm recently raised its dividend by 6% and added another $15 billion to its authorized buyback program.And yet, more could be in store for Cisco. The firm continues to add new capabilities to its services platform and recently unveiled new conversational A.I. to its interfaces. Adding in continued data center demand as well as the pending 5G upgrades and Cisco continues to look great.For investors looking for a strong tech sector blue-chip stock, Cisco has to be your top pick. Merck (MRK)The steadfastness of the healthcare sector makes it a prime place to find plenty of blue-chip stocks. And one of the best could be pharmaceutical giant Merck (NYSE:MRK).For starters, MRK features a wide portfolio of current and former blockbuster drugs, vaccines and other therapies. This huge portfolio continues to drive profits and cash flows at the giant. But MRK isn't resting on its laurels. A few years ago, Merck made the shift into newer biotech and advanced cancer-fighting medications. That has turned out to be the right move.MRK's Keytruda has quickly become the go-to medicine for a variety of lung cancers and sales going through the roof. Last quarter alone, the company reported more than $2.2 billion in Keytruda sales.That double-digit growth has allowed Merck to up its total forecast and guidance for the entire year. * 7 Safe Dividend Stocks for Investors to Buy Right Now The growth of Keytruda could continue. Merck has begun several trials looking to use the drug in other indications. This could provide even more cash flowing Merck's way. Considering the growth of its cancer portfolio and the rest of its steady drug options, Merck is looking like a great buy for the long haul.In the end, MRK's 2.5% yield and continued growth make it a powerful blue-chip stock for any investor. American Express Company (AXP)One of Warren Buffett's favorite blue-chip stocks happens to be American Express (NYSE:AXP). And the Oracle of Omaha isn't wrong to own it. The financial powerhouse has continued to thrive in the rising economy and has a lot to offer investors.Source: Shutterstock AXP is kind of a weird bird. Like its rivals, Visa (NYSE:V) and Mastercard (NYSE:MA) (two blue-chip stocks also worth owning), American Express operates a secured payment network and acts as a toll road when customers swipe their cards. Here, Amex scores a hefty fee.The firm's discount revenue rate was last quarter was 2.37%. Basically, for every $100 spent on its cards, $2.37 flowed back to AXP. All in all, last quarter, American Express pulled in more than $6.2 billion in revenue from these operations.Secondly, unlike V and MA, American Express is an issuer of its cards. Because of this, it's able to score hefty membership fees, interest and creates a leverage effect for its profits. Moreover, Amex's entire M.O. is about rewards and its partners pay the credit issuer plenty of fees to get their products/offers onto AXP's platform.The best part is that AXP tends to focus on the higher end of the credit spectrum. This removes many of the uncertainty and issues with offering loans and reduces default rates.All of this has made American Express a powerhouse in the financial sector. Genuine Parts Company (GPC)Sixty-three years. That's an amazing streak for any firm to consistently raise its dividend. But for blue-chip stock Genuine Parts Company (NYSE:GPC), it's just par for the course. The secret lies with the firm's massive and irreplaceable moat.Source: Shutterstock There's a good chance that you've never walked into one of GPC's locations, but your mechanic has. Under the NAPA banner, the firm operates one of the largest networks of auto parts and industrial distribution locations in the nation.Those 9,250 locations are located pretty much everywhere, and that's key. Auto parts are generally a "need it now" sort of item and are pretty much immune from the whims of online sales.Because of this huge network, GPC and NAPA are pretty much the only game in town when it comes to getting parts to body shops, mechanics and service centers. This has been beyond good for GPC's bottom line over the years. In its 90-year history, sales have increased in 85 of those years. * 8 Dividend Aristocrat Stocks to Buy Now No Matter What This streak was continued last year as GPC recorded more than $18.7 billion in revenues. Analysts predict that revenues will jump by about 4% this year. Naturally, those sales have turned into profits and a long streak of dividend increase for investors.This consistency has made GPC one of the best blue-chip stocks to own for the long haul. Coca-Cola (KO)When it comes to blue-chip stocks, Coca-Cola (NYSE:KO) could be the bluest. Its brand is worldwide and is enjoyed millions of times daily. This has allowed KO to pay a constantly rising dividend for the last 55 years and provide plenty of ballast to a portfolio in markets just like today.Source: Chris Nielsen via FlickrAnd there is still growth to be had.Coke has moved into new beverage categories as tastes have changed. Sparkling water, juices, teas, and other healthy drinks are now on a menu at the firm.And these items continue to grow, with revenues for these products now accounting for about half of KO's total pie. Meanwhile, KO has improved margins via new packaging designs and sizes. Adding in some tech -- such as its Arctic Coolers and Freestyle machines -- and Coke seems to be winning the beverage wars.The proof is in the pudding. Continued product mix development has resulted in a big 5% jump in revenues last quarter. Likewise, earnings saw a big surge and KO has managed to produce roughly $6.28 billion in free cash flow over the last 12 months.Yes, KO is boring. But that's what exactly what investors should be looking for in a blue-chip stock. Consistency, with a touch of growth. If that doesn't describe Coca-Cola, then I don't know what does.Disclosure: At the time of writing, Aaron Levitt did not have a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best Stocks for 2019: A Volatile First Half * 7 Simple Ways for Young Investors to Invest Their First $1,000 * 6 Stocks to Buy Based on Insider Buying The post 5 Great Blue-Chip Stocks to Buy appeared first on InvestorPlace.
No need to do a double-take on that headline. U.S. stocks really did rally today thanks in large part to some surprisingly strong economic data out of China.The world's second-largest economy said exports jumped 3.3% last month while economists were expecting a 2% drop. Even amid the trade hostilities with the U.S., Chinese imports also fell less than expected in July.Sure, that was just one data report out of China and there is a very real possibility that the U.S. and its rival will butt heads again on trade, but for today, news that the Chinese economy remains firm was enough to lift riskier assets.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Cheap Stocks to Buy Now That the Fed Cut Rates Buoyed by a resurgence in tariff-sensitive technology stocks, the Nasdaq Composite surged 2.24% while the S&P 500, where technology is also the largest sector, jumped 1.88%. The Dow Jones Industrial Average finished higher by 1.43%.Let's have a look at some interesting takeaways from the Dow today. Be Careful With This Dow SurpriseI've frequently mentioned industrial machinery maker Caterpillar (NYSE:CAT) in this space and with good reason. Caterpillar is highly tariff-sensitive and is lower by nearly 5% this year, making it one of the worst-performing names in the Dow.Somehow, shares of Caterpillar added 1.03% Thursday even after Goldman Sachs downgraded the stock to "neutral" from "buy" while lower its price target on the shares to $130 from $156.Goldman "believes rising inventories of trucks and construction machines will lead to production cuts in 2020. That will hurt next year's earnings for these companies. And higher inventories is another sign the global industrial economy is slowing down," reports Barron's.Analyst upgrades and downgrades are not gospel, but as it pertains to Caterpillar, it's hard to endorse the stock with trade tensions running high and the aforementioned factors cited by Goldman very much in play. Rebound Starting?Walt Disney (NYSE:DIS) is another name that has been getting some run here in recent days. Long story short, I've pointed out that the stock usually falls after earnings reports and that happened yesterday, but there is no shortage of support for Disney shares.The stock surged 2.29% today after Credit Suisse upgraded the ESPN owner to "outperform" while boosting its price target on the shares to $150 from $130, implying some decent upside from Disney's Thursday close around $137. Careful With the HeadlinesOn light news, Visa (NYSE:V) jumped 2.61%, good for one of the Dow's better performances today. I always try to be careful here when it comes to politics, the all views are welcomed policy remains in effect, so I'll just give to you straight about Visa: In an interview with CNBC, CEO Alfred Kelly said Visa will not ban customers from buying firearms with Visa-branded credit and debit cards.However, I doubt those comments sparked the stock today as fellow Dow component American Express (NYSE:AXP) and rival MasterCard (NYSE:MA) both gained on the day, too. Bottom Line on the Dow: Recession RiskNot to be the bearer of bad news, but economists are forecasting a rising risk of recession. That percentage is up to 35% from 31% last month, according to Bloomberg. Those same prognosticators are also saying U.S. GDP growth will average 2.3% this year, down from the prior estimate of 2.5%.Still, they're saying the recession probably won't start until 2021. For investors looking for some silver lining, the U.S. consumer remains healthy and it's hard to envision a recession against that backrdop. Plus, not to be trite, but economists are often wrong.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Internet Stocks Getting Hammered * 6 Big Growth ETFs to Buy For the Second Half of 2019 * 5 Cheap Stocks to Buy Now That the Fed Cut Rates The post Dow Jones Today: China Provides a Calming Influence appeared first on InvestorPlace.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
After a day of complete debacle on Wall Street where the S&P 500 fell over 3% and Apple (NASDAQ:AAPL) fell over 5%, it's hard to conceive that anyone would want to look at any stocks from the long side. But this is what we're doing today because there are quality stocks that got caught up in the headline trading. Specifically, fintech stocks like Visa (NYSE:V) MasterCard (NYSE:MA) and Square (NYSE:SQ) were unfairly punished.Source: Shutterstock The banking sector as represented by the Financial Select Sector SPDR Fund (NYSEARCA:XLF) fell -3% on Monday. In comparison, V stock fell 5%, MA stock fell about the same, and SQ stock almost 7%.These are proven winners that have business models that will survive the current headlines from the U.S. versus China economic war. So the selling was overdone.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe business of fintech stocks relies heavily on transactions being electronic. To that, this is an ongoing migration from paper to electronic. It is global and happening at an exponential rate. There are no signs of it reversing, so the transaction demand from these three companies will only increase for years to come.Barriers-to-entry are high so there are only a handful of competitors so MA, V and SQ stocks are the ones to bet on.In general, when the stock market falls the best practice is to sit back and do homework. The goal is to find stocks that have retraced the last rally and are now falling into support.Visa, MasterCard and Square stocks all fulfill this requirement and then some. Valuations in these growth stocks almost don't matter, but even here, there's some good news for the bulls.It is impossible to pin an actual bottom, especially because we continue to be in headlines trading mode. Investors are selling stocks indiscriminately and in panic after tweets from the White House or a press releases from the Chinese state media. So this is when homework falls hostage to headlines. But long term, the fundamentals will prevail. * 7 Biotech ETFs That Should Remain Healthy While all three fintech stocks look good for a bounce trade, this doesn't eliminate the fact that they could still see lower lows in the next few days. The general stock market is still having a crisis of sentiment which usually punishes the good and the bad stocks alike. Visa (V)Source: Shutterstock Including the Monday drop, V stock fell a total of 10% from the recent highs. This constitute a full correction by Wall Street standards. Nevertheless this doesn't mean that it's a bottom. Year-to-date, Visa stock is still up 35% so there is plenty of fresh winnings to give back if the bears press the issue.However, I do like the technicals here which suggest that V has fallen into short-term support levels. These are more so zones than hard lines in the sand. Visa broke out to new highs from $165 in June and this dip merely revisits the neckline. Often, the bulls need to test the footing from which they broke out before they set higher highs.Albeit, this retest materialized too fast and too deep for this to be a clear bottom but it's worth a shot. Nevertheless, I think that in the long run, buying V stock at these levels should reward investors. MasterCard (MA)Source: Shutterstock MA stock is in a similar boat as Visa. They trade in lockstep. And after setting highs recently, MasterCard stock also fell almost 5% on Monday. Valuations for both of these stocks are similar as they both trade near a 40 trailing price-to-earnings ratio.This is not cheap in absolute terms since it's about double that of Apple and Alphabet (NASDAQ:GOOGL). But this has always been the case. These are growth stocks that are proven winners and I doubt that a few bad headline trading days will change that fact. * 10 Cyclical Stocks to Buy (or Sell) Now MA stock also has fallen into its support band centered around $245 per share. This too is more of a zone than a hard line in the sand. And since they don't ring bells at bottoms it is impossible to take full positions in either of these two and be confident of short-term wins. But for the long term, I bet that owning MA at these levels will be profitable -- especially for patient investors. Square (SQ)Source: Shutterstock SQ stock is lagging our other two fintech stocks year-to-date. This last earnings report caused a bit of enthusiasm going into it. But sadly for the bulls the trade was to sell-the-news after buying the rumor.The SQ $83 per share remains a tough failure level to watch for the next big trigger long. But now it has fallen into support. Square stock has almost priced out the entire June rally so the bears have had their way with it. This brings price back into a pivot level. Those tend to be supportive because the bull and bears would want to fight it out hard again. This creates congestion and an opportunity for the SQ stock bulls to buy it and restart a rally.Fundamentally, SQ stock is the most expensive of the three fintech stocks from a P/E perspective since it still loses money. But it sells at nine times sales and that's half V or MA. Regardless, SQ is still the new kid on the block so it's supposed to spend more to grow into its valuation.Of the three fintech stocks, I consider going long V or MA a conviction buy trade versus SQ more of a speculative one.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cyclical Stocks to Buy (or Sell) Now * 7 Biotech ETFs That Should Remain Healthy * 7 of the Hottest AI Stocks to Buy Now The post 3 Fintech Stocks to Buy After Monday's Plunge appeared first on InvestorPlace.
The Programming Is a First Taste of How the Two Brands Will Join Forces to Curate Unique Offerings for Card Members and Restaurant Partners
CFO of American Express Co (30-Year Financial, Insider Trades) Jeffrey C Campbell (insider trades) sold 7,045 shares of AXP on 08/01/2019 at an average price of $124.91 a share. Continue reading...
American Express (NYSE: AXP) today announced it signed an agreement to acquire acompaytm, a best-in-class, digital payment automation platform from ACOM Solutions, Inc., that helps business customers make supplier payments easily and securely, manage business spend, and improve cash flow. “acompaytm will be the newest addition to a series of B2B payment collaborations, strengthening our accounts payable automation capabilities and equipping our customers with the tools they need to improve the way they process and settle supplier payments,” said Anna Marrs, President of Global Commercial Services at American Express. “Enabled by our integrated network of buyers and suppliers and a growing suite of partnerships and capabilities, American Express can provide digital payment tools and working capital that make it easy to pay suppliers anywhere in the world.
Mastercard topped second-quarter earnings and revenue forecasts early Tuesday. Mastercard stock was up and down, closing modestly lower.
Mastercard's (MA) second-quarter earnings benefit from higher switched transactions, increase in cross-border volume and gross dollar volume, and gains from acquisitions.
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.
American Express Company yesterday declared a semiannual dividend on the Company’s 4.900% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series C, of $24,500 per share .
The Zacks Analyst Blog Highlights: Microsoft, JPMorgan, Wells Fargo, American Express and Exxon Mobil
The Dow Jones today ended with a solid gain, helped by strength in Coca-Cola stock and financial stocks like Goldman Sachs and American Express