|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||99.05 - 102.96|
|52 Week Range||75.97 - 102.96|
|PE Ratio (TTM)||34.47|
|Earnings Date||Jul 17, 2018 - Jul 23, 2018|
|Forward Dividend & Yield||1.40 (1.50%)|
|1y Target Est||108.37|
Let’s check out the Yahoo Finance charts of the day.
On a day stocks slumped, American Express rose following its first-quarter report and Philip Morris plummeted on disappointing sales of cigarette alternatives.
American Express' (AXP) strong first-quarter earnings had something to do with it. The financial sector normally responds positively to rising rates since it's a sign of a strengthening economy. After dipping during the first half of 2017, Treasury rates started to rise, and since then the link between the rates and the financial sector’s performance, known as correlation, has gotten stronger.
American Express (AXP) topped all other S&P 500 components on Thursday, helped by its upbeat first-quarter earnings. AmEx gained $7.22, or 7.6%, to $102.37. The S&P 500 fell 15.51 points, or 0.57%, to 2693.13.
Wall Street's three major indexes closed lower on Thursday, with tobacco stocks leading a tumble in consumer staples while concerns about smartphone demand hurt the technology sector and rising bond yields and earnings helped financials rebound. The market pared some losses late in the session after Bloomberg reported that Deputy Attorney General Rod Rosenstein told President Donald Trump last week he is not a target of Special Counsel Robert Mueller’s Russia investigation.
Key stock market index funds dropped Thursday as Apple and Intel offset a big gain from American Express on the Dow Jones industrial average.
American Express Company ( AXP) shares rose nearly 6% on Thursday after the company reported better-than-expected first quarter financial results following the bell on Wednesday. Revenue rose 11.6% to $9.72 billion – beating consensus estimates by $580 million – while earnings per share of $1.86 beat consensus estimates by 15 cents per share. Card member spending rose 12%, while the effective tax rate dropped from 32% to 22%.
U.S. stocks fell on Thursday, as technology stocks from Apple to chipmakers declined following a weak forecast on smartphone demand, while a sharp drop in Philip Morris's shares after results weighed on the consumer staples sector. A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.
U.S. stocks dropped on Thursday, weighed down by a broad-based decline in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Philip Morris and P&G. A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and an Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.
In late 2017, the Tax Cuts and Jobs Act was passed, in which corporate taxes were reduced substantially. Discover Financial Services (DFS) has its operations mainly in the US, allowing the company to pay a lower tax rate, which could benefit its long-term growth. Discover expects to pay lower taxes, which would result in higher cash flows that the company could deploy in its business activities.
Cardholders charged more to their cards and carried bigger balances, boosting American Express' first-quarter earnings results.
Wall Street slid on Thursday morning, weighed down by a broad-based slump in technology stocks from Apple to chipmakers as well as a tumble in consumer staples such as Procter & Gamble. A warning from Taiwan Semiconductor (TSMC), the world's largest contract chipmaker and an Apple supplier, on soft demand for smartphones and on the semiconductor industry's growth this year sparked a tumble in chip stocks.
Shares of American Express Co. surged 5.2% in morning trade Thursday, enough to pace the Dow Jones Industrial Average's advancers, in the wake of the charge-card and travel-related services company's first-quarter ...
Among the companies with shares expected to trade actively in Thursday's session are Amazon.com, Qualcomm, Netflix, American Express and Alcoa.
Wall Street was on track to open lower on Thursday dragged by declines in chip stocks following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker. Apple shares were also ...