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AXP trade ideas

AMEX AXP THE PLATINUM CARD STILL ISNT REAL PLATINUM I recently saw another post about credit card companies, I'll link it when I find it again. Either way, it got me looking at amex again. Specifically this potential movement to the upside which takes price to around $345 Because of the alignment of trends and date of earnings, there is a chance, small, but something I've seen before in different ways, which from technicals for whatever reason allows the price to make a move to the upside like this, and generally what occurs after is a drop, which honestly tracks with other things I see in the market at times. Long term, it's hard not to see growth from a technical view, fundamentals will be best viewed on the trader's post I mentioned first, which I'll link. I've been a customer at amex for years, and I can't really say I'm not a fan because the company from the viewpoint of me, as a customer, is well run. Internally, idk, maybe it's a total mess, but the reason I like this company long term is I've seen great service for nearly a decade AND I have a hope that it not only continues, but gets better and better. Summary, Interesting setup for trading here. pay attention carefully as earnings makes things happen quickly. things can change. I know that I don't know, do you. Is amex long term, I like it. Does it fit into your portfolio, literally ask a financial advisor, they aren't dumb and can tell you why and why not. A movement such as drawn and not to be used in most cases other than to visibly see how it can swing price and still maintain a somewhat stable price through a correction, which ultimately makes the stock price a better long term investment and I'd guess that others probably view it in similar ways, especially when you look at the investment style of major investors. I say it a lot, but also, meta made this same movement in less than a year. Support does come around 200. 84, should it happen, I'd suggest seeing market conditions at that time, but ultimately seems like a steal.
NYSE:AXPLong
by nicktussing77
OPTIONS WATCHLIST 8/18/2024 OPTIONS WATCHLIST 8/18/2024 NASDAQ:PYPL - Stock failing to break $68.25 long term resistance for that 5th time but still holding close to it. Calls above that level for a move to $70 and higher. Stock is strong on indicator level NYSE:IBM - On CNBC, Rob Sechan of NewEdge Wealth said IBM is a “nice combination of defensive growth and margin expansion.” calls above $194 for a move towards $200 and higher. All time highs around $206 NASDAQ:TTD - Friday Live On CNBC; Josh Brown Buys Trade Desk as stock broke $100 resistance level. Next resistance at $102.50. Looking for calls above that level. For a move towards $110 and higher. NYSE:JPM - stock moving strong with other bank stocks as it approaches top of trendline resistance at $215. Looking for calls above that level for a move towards $220 and higher. Stock is strong on indicator level NYSE:AXP - Another stock with strong momentum approaching all time highs at $256.24. Looking for calls above $252.5 for a move towards all time highs and above.
NYSE:AXP
by TheStockTraderHub
AXP | SHORTNYSE:AXP Technical Analysis of American Express (AXP) Key Observations: Current Price Action: Price: $232.28 Recent Drop: -16.40 (-6.59%) Support and Resistance Levels: Immediate Support: $227.69 (Target Price 1) Further Supports: $219.31 (Target Price 2), $200.36 (Target Price 3), and $186.49 (Target Price 4) Resistance: The price broke below a previous support level at around $244.51. Trendlines: The upward trendline has been broken, indicating a potential shift from a bullish to a bearish trend. Relative Strength Index (RSI): Current RSI: 51.36 The RSI shows a recent decline, approaching a neutral level, indicating that the stock is neither overbought nor oversold. Target Prices: Target Price 1: $227.69 This level is the immediate support and a potential first target for any continued downward movement. Target Price 2: $219.31 If the price breaks below the immediate support, the next target is around $219.31, a previous support level. Target Price 3: $200.36 Further downside could see the price reaching $200.36, a significant psychological and technical support level. Target Price 4: $186.49 In a more bearish scenario, the price could fall to $186.49, another key support level. Summary: American Express (AXP) has experienced a significant drop, breaking below a key support level and its upward trendline. The next levels to watch are $227.69, $219.31, $200.36, and $186.49. The RSI is neutral, suggesting the potential for further declines if market conditions remain negative.
NYSE:AXPShort
by shkspr
$AXP - fake breakout or recharge?I typically never look at stocks that have a huge run up and seem over extended on the 1 day chart. But, the 4 hour chart clearly shows a reversal from being oversold with momentum and all key indicators pointing towards a move up. Due to the big wick on Friday, the fib channel has opened a pathway to $260. Unusual options activity at $260 strike price as well for august.... seems a bit premature but the range is evident and the last 3 candles on the 4 hour chart show it wants to move. This is interesting for me as it goes for, and against, what I look for in a price target. Then I realize, I'm against it based on feeling/judgement. The indicators point towards $260, or at least $250-$260 range. Not trade advice.
NYSE:AXPLong
by mike-ai-automation
American Express Resistance Breakout At $244.29 19.07.2024Resistance Breakout: American Express ( NYSE: AXP ) spotted at $244.29 on 4HR Chart, price currently at $249.13. Bullish Scenario: If breakout holds, target $258.52. If $258.52 is breached, next target $267.32. Bearish Scenario: If breakout fails, expect drop to $239.36. If $239.36 is breached, next target $235.49. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:AXPLong
by Stuart_Cowell
American Express May Be Sneaking HigherAmerican Express broke out to record highs in January. Now after six weeks of tight price action, some traders may expect further upside. The first pattern on today’s chart is the jump on April 19 after earnings beat estimates. AXP cleared the late-March closing high around $229 and proceeded to retest and hold that same level on May 3. So, the current month’s low is near a previous month’s high. Has old resistance become new support? Next you have a higher low above $234 this week. Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA. That may reflect a bullish short-term trend. Finally, stochastics are near an oversold condition. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NYSE:AXP
by TradeStation
American Express Surges 4.33% on Earnings BeatAmerican Express, a leading financial services corporation, has released its first-quarter results for the year 2021. The company has outperformed the analyst estimates with higher-than-expected revenue, net income, and diluted earnings per share (EPS). The company's net interest income has also been higher than anticipated, thereby avoiding the fate of several other financial firms. American Express has reaffirmed its full-year guidance for fiscal 2024, projecting significant growth in year-over-year revenue and EPS. The company has projected revenue growth of 9% to 11% and EPS of $12.65 to $13.15 for 2024. The company's revenue of $15.8 billion in Q1 2021 has exceeded the consensus analyst estimates compiled by Visible Alpha, which was $15.76 billion. The net income of $2.44 billion and diluted EPS of $3.33 have also surpassed the estimates of $2.17 billion and $2.96 per share, respectively. American Express has reported $3.77 billion of profit in the net interest income metric, which is higher than the market expectation of $3.66 billion. The company's CEO, Stephen Squeri, has attributed the success to the company's ability to attract high-spending, high-credit-quality customers to the franchise. The company has seen strong demand from millennial and Gen Z consumers, who accounted for over 60% of new consumer account acquisitions globally. The company's shares initially fell 2% in pre-market trading following the earnings report's release before reversing course. The stock has gained about 20% so far this year and is currently up more than 3% at $224.48 as of 10:17 a.m. ET. Last month, American Express ( NYSE:AXP ) announced an increase in its quarterly dividend to 70 cents per share, up from the previous mark of 60 cents. In conclusion, American Express ( NYSE:AXP ) has exceeded the market's expectations with its Q1 2021 results and reaffirmed its full-year growth guidance for 2024. The company's ability to attract high-spending, high-credit-quality customers and strong demand from millennial and Gen Z consumers suggests a promising future for the corporation.
NYSE:AXPLong
by DEXWireNews
AXP, THE PLATINUM CARD ISN'T ACTUALLY PLATINUMTrends and price targets marked. Things are overextended Potential to bounce back and catch more upside even with the overextension. Guideline is more for backtracking, but it could potentially look something like this. Follow trends and price targets rather than guideline, it is more to get an idea of what things could look like. 247 or so looks like a top to me especially with the trend formation I would suggest watching a break on the lowest green support trend and I would also suggest watching a rejection on the rejection trend. Should we break out of rejection trend, probably 360. Drop will be steep, but the most natural path would be the 247 drop to 80. I would say, if you're looking to enter, wait and be patient. If there is more upside, you're not missing much. If downside is coming, there are still trend support lines that can see bounces in price, meaning, you'll likely be able to find a better entry that allows for less risk.
NYSE:AXP
by nicktussing77
1
American Express Q4 Earnings Report: Navigating Challenges American Express (NYSE: NYSE:AXP ) recently released its fourth-quarter earnings report, showcasing a mix of positive and challenging developments. While the financial giant reported solid earnings growth and increased quarterly dividends, concerns have surfaced regarding a notable uptick in net write-offs. This article delves into the key aspects of American Express' Q4 performance, providing a comprehensive analysis of the company's financial health, dividend strategy, and market response. Earnings Performance: In the fourth quarter of 2023, American Express ( NYSE:AXP ) reported net income of $1.9 billion, a substantial increase from the year-ago figure of $1.6 billion. The per-share earnings also demonstrated growth, rising from $2.07 to $2.62. Despite these positive strides, the reported earnings fell slightly short of Street estimates, with the consensus expecting $2.64 per share. Provisions for Credit Losses: A notable concern in the report was the 40% annualized increase in provisions for credit losses, totaling $1.4 billion. This suggests a continued rise in net write-offs, indicating potential challenges in managing credit risk. The increase in credit loss provisions has raised eyebrows among investors and analysts alike, prompting a closer examination of the company's risk management strategies. Dividend Increase: American Express ( NYSE:AXP ) sought to balance concerns about credit losses by announcing a 17% increase in its quarterly dividend, now set at 70 cents per share. This move is aimed at rewarding shareholders and instilling confidence in the company's financial stability. The stock market responded positively to this news, with NYSE:AXP experiencing an uptick of close to 40% from its low in late October. Revenue and Expenses: The Q4 report revealed consolidated total revenues net of interest expense at $15.8 billion, reflecting an 11% increase from the previous year. The growth was primarily driven by higher net interest income and increased Card Member spending. However, expenses also rose by 5%, reaching $11.9 billion, attributed to higher customer engagement costs and other factors. Segment-wise Analysis: Breaking down the performance by business segments, U.S. Consumer Services reported a pretax income increase, but provisions for credit losses also surged. Commercial Services and International Card Services showed mixed results, with varying impacts on credit losses and expenses. Global Merchant and Network Services reported positive growth in pretax income and revenues, while Corporate and Other faced a pretax loss. Future Outlook: Despite the challenges reflected in the Q4 report, American Express ( NYSE:AXP ) remains optimistic about its future. The company forecasts up to 11% annualized growth in revenue and anticipates per-share earnings in the range of $12.65 to $13.15 for Q4. This outlook exceeds analyst expectations, with consensus estimates at $12.38 per share. Conclusion: American Express' ( NYSE:AXP ) Q4 earnings report paints a nuanced picture of the company's performance. While grappling with increased credit losses, the strategic move to boost dividends showcases management's commitment to shareholder value. Investors are likely to closely monitor how American Express ( NYSE:AXP ) addresses the challenges highlighted in the report and executes its growth plans in the coming quarters.
NYSE:AXPLong
by DEXWireNews