116.30 +0.42 (0.36%)
Pre-Market: 6:14AM EDT
|Bid||116.16 x 1300|
|Ask||116.48 x 1000|
|Day's Range||114.75 - 116.50|
|52 Week Range||89.05 - 116.50|
|Beta (3Y Monthly)||1.06|
|PE Ratio (TTM)||14.76|
|Earnings Date||Jul 16, 2019 - Jul 22, 2019|
|Forward Dividend & Yield||1.56 (1.43%)|
|1y Target Est||120.62|
On Saturday, May 4, Omaha, Nebraska will host the event sometimes referred to as “Woodstock for Capitalists”: the annual Berkshire Hathaway BRK.B shareholder meeting, led by chairman Warren Buffett and vice chairman Charlie Munger. Morningstar's Susan Dziubinski discussed the letter when it came out in late February. Berkshire's investment portfolio used to be managed entirely by Buffett, but for the past few years some of it has been run independently by Todd Combs and Ted Wechsler, who each now manage more than $10 billion.
were up 1.7% Thursday to $115.99 after analysts at Morgan Stanley upgraded the stock to overweight from equal weight while also raising tjheir price target to $140 from $123 per share. The price target represents a 23% upside from the stock's closing price Wednesday of $114.02. "Consumer delivers the largest and fastest growing revenue pool at Amex, at 53% of total revenue pie and 12% revenue growth y/y," said Morgan Stanley analyst Betsy Graseck.
American Express stock was up more than 1% midday Thursday after Morgan Stanley upgraded the shares to Overweight.
Morgan Stanley cited strong revenue and earnings growth and strong consumer card use in a Thursday upgrade of American Express Company (NYSE: AXP ). The Analyst Betsy Graseck upgraded AmEx from Equal ...
Investors should buy shares of American Express as the credit card company's sales will keep growing at a fast pace thanks to a strong consumer, an analyst at Morgan Stanley said Thursday.
Visa Beat Earnings Estimates in Q2(Continued from Prior Part)Visa’s valuation Visa (V) is trading at a forward PE ratio of 27.7x, which is higher than its five-year average PE ratio of 24.5x. The stock has largely been trading at a higher forward
The London-based asset manager also bought up Mastercard and American Express stock in the first quarter and cut down its Pfizer investment.
Visa reported slower earnings growth that beat fiscal Q2 estimates after fellow credit card giant American Express reported mixed results earlier this month.
SAP SE (SAP) first-quarter results benefit from favorable growth in cloud revenues and expanding customer base. Also, the company guides higher operating profit levels for 2019.
American Express Company yesterday declared a semiannual dividend on the Company’s 5.200% Fixed Rate / Floating Rate Noncumulative Preferred Shares, Series B, of $26,000 per share .
As major U.S. airlines continue to win enormous contracts from big banks that covet their customers, do smaller carriers like JetBlue Airways have a disadvantage? And will newly announced routes to London matter for the New York-based airline in terms of revenues from credit card deals? This is a big issue. Historically airlines have made […] The post JetBlue Is Betting New London Routes Will Boost Credit Card Revenue appeared first on Skift.
Global payments company American Express Company (NYSE: AXP ) reported mixed first-quarter results Thursday, according to Guggenheim. The Analyst Jeff Cantwell maintains a Neutral rating on American Express ...
Moody's Investors Service ("Moody's") has assigned a provisional (P)Aaa (sf) rating to the Class A Fixed Rate Asset Backed Certificates and a provisional (P)Aa3 (sf) rating to the Class B Fixed Rate Asset Backed Certificates of Series 2019-2 to be issued by the American Express Credit Account Master Trust, sponsored by American Express National Bank.
Stocks are opening the week with record highs in sight. And that makes finding breakout stocks to buy an easy feat. Today's gallery will feature three such candidates for your consideration.The S&P 500 ended Friday 1.3% from all-time highs. The Dow was 1.5% from record territory, and the tech-heavy Nasdaq was already basking in new highs. With the bullishness of the market backdrop, an increasingly high number of stocks are returning to last year's glory days.Traders are fond of the so-called "bullish breakout" pattern because it presents an attractive low-risk entry to climb aboard uptrending stocks. When resistance gives way, old bears run for cover and new bulls swarm. Together, this creates a demand surge that can result in substantial upside follow through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * If You Can Tolerate Risk, Hexo Stock Is a Buy I've scanned the market and found a handful of breakout stocks to buy. Take a look. Click to Enlarge Source: ThinkorSwim American Express (AXP)The breakout setup in American Express (NYSE:AXP) is particularly potent due to last week's earnings release. The numbers were good, and buyers flocked, driving the credit card giant to the cusp of record highs. On the price trend front, bulls control all time frames. The 20-day, 50-day, and 200-day moving averages are all heading northbound.Thursday's volume surge adds legitimacy to the rally, showing institutions are lending their support to the breakout bid. Though equities are weak this morning, AXP stock's down-gap is being quickly bought up. Throw it all together, and I suspect a breach of the $114.50 resistance zone is only a matter of time.To capitalize, buy the June $115/$120 bull call spread for $1.32. The risk is limited to the original cost, and the reward is $3.68. Click to Enlarge Source: ThinkorSwim Alibaba Group (BABA)Chinese stocks are pulling the emerging markets space higher this year. And that has led to some lucrative bullish plays in a few of its more popular companies including Alibaba Group (NYSE:BABA). Unfortunately, overhead resistance has conspired to end the internet giant's recovery attempts, resulting in six weeks of churn. Multiple attempts to breach $190 have failed, but I think buyers still stand a chance.The bullish backdrop in stocks coupled with BABA stock's uptrend still being intact lead me to continue to root for buyers. Fortunately, there's no need to speculate. Instead, we can simply wait for confirmation that resistance has finally given way and then deploy bullish trades. * 3 Stocks on Shaky Ground If BABA stock trade above $190, then buy bull call spreads. The June $190/$200 should do the trick. Your risk will be limited to the trade cost. Click to Enlarge Source: ThinkorSwim Costco Wholesale (COST)Spurred by a rousing earnings announcement in March, Costco Wholesale (NASDAQ:COST) shares have been on the rise. The rally was strong enough to vault above last year's peak to new record territory. Moving averages are rising across all-time frames and should embolden buyers.Over the past two weeks, we've seen resistance form near $247. The pause is more than justified because COST stock had become quite overbought. Consolidation allows the stretched conditions to ease and new, lower-risk entry points to emerge.While COST stock may need a bit more basing before breaking out, the time to prep trades is now. When COST rises above $247.25, consider buying the June $250/$260 bull call spread.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 3 Strong Stocks Poised to Break Resistance This Week appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Philip Morris, American Express, Honeywell, BB&T and SunTrust Banks
Visa and MasterCard are two of the most widely used credit card brands, but are the differences between the two significant enough to influence consumers?
The Dow Jones Industrial Average got a lift from a strong U.S. retail sales report and mostly better-than-expected earnings. nearly 2% after the credit card company posted stronger-than-expected first-quarter earnings, but rising expenses and rewards program costs ate into its bottom line. Stocks ended in positive territory Thursday buoyed by a strong U.S. retail sales report and mostly better-than-expected earnings.