|Bid||106.84 x 900|
|Ask||106.87 x 900|
|Day's Range||106.52 - 107.18|
|52 Week Range||89.05 - 114.55|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||13.51|
|Earnings Date||Apr 16, 2019 - Apr 22, 2019|
|Forward Dividend & Yield||1.56 (1.46%)|
|1y Target Est||115.13|
The "Halftime Report" traders answer viewer questions on Constellation Brands, American Express, Vale & Store Capital.
The most popular missives we write are associated with Warren Buffett (Trades, Portfolio)'s annual letter to shareholders and the annual shareholder meeting in Omaha. This year, we thought it would be fun to channel Buffett and attempt to write his letter for him. In effect, our goal is to predict what matters to him as a portfolio manager of private and public businesses.
In previous chapters of Tobias Carlisle's book, "The Acquirer's Multiple: How the Billionaire Contrarians of Deep Value Beat the Market," the author discussed the outstanding returns Warren Buffett (Trades, Portfolio) made while investing in "fair companies at wonderful prices," including Sanborn Map and Dempster Mill Manufacturing. It was part of Carlisle's broader argument that deep-value investing -- buying "fair companies at wonderful prices" or cigar-butts -- remains a viable strategy for investors seeking above-average returns. In chapter three, Carlisle introduced readers to Buffett's "bad" investment in Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B), the company that became the guru's flagship enterprise.
American Express (AXP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moody's Investors Service has assigned a definitive Aaa (sf) rating to the Class A 2.87% Asset Backed Certificates and a definitive Aa3 (sf) rating to the Class B 3.07% Asset Backed Certificates of Series 2019-1 issued by the American Express Credit Account Master Trust, sponsored by American Express National Bank. Moody's has also assigned a definitive Baa2 (sf) rating to the Class 1 3.39% Secured Notes issued by the related American Express Credit Account Secured Note Trust 2019-1. Moody's also announced today that the issuance of the Series 2019-1 Certificates on February 14, 2019 would not, in and of itself and as of this time, result in the downgrade or withdrawal of the ratings assigned to any class of outstanding securities issued by American Express Credit Account Master Trust.
American Express Company Chief Financial Officer, Jeffrey C. Campbell, will participate in the Keefe, Bruyette & Woods Cards, Payments & Financial Technology Symposium in New York City, on Thursday, February 28, 2019, at 11:00 a.m.
NEW DELHI (Reuters) - Data localisation, e-commerce legislation and the generalised system of preferences (GSP) were not expressly discussed during talks between the United States and India, U.S. Ambassador ...
Data localisation, e-commerce legislation and the generalised system of preferences were not expressly discussed during talks between the United States and India, U.S. Ambassador Kenneth Juster said on ...
Dan Loeb's Third Point Had a Weak 2018: Will 2019 Be Any Better?(Continued from Prior Part)Third Point’s only new position In Q4 2018, Third Point initiated a new position in Cigna (CI), which is an American healthcare services organization. Hike
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! As American Express Company (NYSE:AXP) released itsRead More...
American Express (AXP) is well known as the third largest credit card issuer. Unlike Visa (V) and MasterCard (MA), Amex mostly issues its cards directly rather than by partnering with banks, explains Shawn Allen, contributing editor to Internet Wealth Builder.
Moody's Investors Service 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 2019-1 to be issued by the American Express Credit Account Master Trust, sponsored by American Express National Bank. Moody's has also assigned a provisional (P)Baa2 (sf) rating to the Class 1 Fixed Rate Secured Notes to be issued by the related American Express Credit Account Secured Note Trust 2019-1.
Last night's SOTU address appears to have not offered anything that riled equities, based on pre-market futures. The outcome of Brexit continues to remain murky at best, while the U.S./China trade talks do seem to be advancing. Fourth-quarter results have largely exceeded expectations, the jobs market remains robust -- and more encouragingly and importantly, the Federal Reserve seems to be continued to be focused on reassuring the market that it remains patient on future rate hikes.
Vendor Pay marks the first time businesses can choose to use a card to make vendor payments within a Bill.com solution. Businesses can now efficiently reconcile payments, earn the rewards1 of their Business or Corporate Card and improve working capital. Today, American Express (AXP) and Bill.com announced a strategic partnership with a new offering: American Express “Vendor Pay” by Bill.com.
More banks are offering rewards for dining out than ever before, says Julian Mark Kheel, senior analyst at The Points Guy. Here's what you should know.
Here is a problem that most people would be happy to have: You suddenly find yourself with an extra $100,000 in discretionary cash on hand and you're not sure what to do with it! The operative word here is discretionary.
In just two years, online lending platform Better Mortgage Inc. has appreciated in value like a move-in ready home in a sought-after neighborhood. The New York company raised a $70 million Series C funding round from a group of investors that include Healthcare of Ontario Pension Plan and American Express Ventures, in a deal that values the company at just north of $500 million. Prior backers of the company, including Goldman Sachs Group Inc., Kleiner Perkins and Pine Brook Partners, also participated in the round, according to a news release.
American Express (AXP) closed the most recent trading day at $102.69, moving +0.02% from the previous trading session.
Visa (NYSE:V) reported earnings last night and it popped on the headline. This on a day where Visa stock had already moved up 2% going into the earnings event. This morning investors are stepping back as V is down a little. Source: Kārlis Dambrāns via Flickr Visa is a quality company which makes V stock one to hold for the long term. Small dips on headlines are not critical for the overall long-term investment. Those who need exposure to the financial sector should consider buying Visa stock. This is not 2018. Last year, sentiment was terrible and markets could not maintain a rally. This was especially true for the financials and consensus was that they could not sustain rallies. But transactor companies like Visa, Mastercard (NYSE:MA) and even Square (NYSE:SQ) have the best of both world. When financial stocks rally, V stock also rallies. But if the bank stocks like Bank of America (NYSE:BAC) fall, the transactors only fall in sympathy for a short while. Then they continue to move with the markets in general, not the banks. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Dividend Stocks to Help You Through the Market's Mayhem So far this year the macro-sentiment has been the opposite of December. The Christmas crash, as bad as it was, did flip the switch. Thus far, the bears have failed this year. Case in point: last night, Facebook (NASDAQ:FB), which is a stock that has many haters, spiked 9% on their earnings headline. Sellers couldn't even materially hurt a controversial stock like Tesla (NASDAQ:TSLA) who faces a slew of serious challenges. So, unless things change again, I expect the bulls to remain in control. The macroeconomic conditions are still strong in spite of a few pockets of weakness. Overall, companies are delivering strong P&Ls. So shorting here makes little sense. ### Trading Visa Stock I am already long American Express (NYSE:AXP) and profitable with it. But Visa stock is another one I'd buy here. This would be a trade I can hold for years. My approach to this also has short-term opportunity. Technically, V stock has been trading in a tight range for January. And coming into the earnings event it was trading just below a potential breakout line. When that happens, a breakout from a tight range usually over shoots in that direction once the limit is breached. In this case, if Visa can rise above $140 per share it can invite more buyers. The upside target could then target the $150 zone. There are a few spots of potential resistance along the way. First at $141 and $142.20 per share which were failure levels on December 12th and 7th respectively. Then, there is a bigger pivot point at $145.75 which was an important island reversal on December 4. Breaking out of that one can really heat the rally up. Will there be dips? Likely. But in the long run, if the markets are higher then so is Visa stock. Investors aren't going to regret buying shares at this valuation over the years. Visa sells at a 33 price-to-earnings ratio which is in line with MA but much cheaper than PayPal (NASDAQ:PYPL) which sells at 50 P/E and SQ who still loses money. Only AXP is cheaper from that perspective. ### The Bottom Line for Visa Stock I believe that from here, the blindside is to the upside for Visa stock. Meaning the likelihood of an upside surprise is far greater than a trap door. Consider the fact that the resolution to the China/U.S.tariff standoff could include an open door to Visa and its competitors to enter the Chinese markets unrestricted. If that happens, then the upside is massive. * 7 Stocks With Too Much Riding On China The analysts on Wall Street agree. They almost uniformly rate V stock as a BUY yet it is still trading much lower than their price range. They too believe that more upside is definitely the likely scenario for years. Click here for a bonus video that I recently shared discussing Square (SQ). I think it can help looking at this one here too. 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. You can follow him as @racernic on Twitter and Stocktwits. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Machine-Learning Stocks to Buy for a Smarter Portfolio * 10 Stocks to Sell in February * 10 Triple-A Stocks to Buy in February Compare Brokers The post Visa Stock Is Stalling on Earnings… But It's Not Done Yet appeared first on InvestorPlace.