American Express (AXP) Offering Possible 22.85% Return Over the Next 17 Calendar Days

American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $94.50 short put and a strike $89.50 long put offers a potential 22.85% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.50 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock dropped below the $89.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Express is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is at 55.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

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LATEST NEWS for American Express

We’re at month 2: Tracking the Fed’s efforts to keep credit flowing during the coronavirus pandemic
Sat, 30 May 2020 19:05:00 +0000
The Federal Reserve is promising it has more firepower to use if a second wave of coronavirus infections hit the U.S., as more states unfurl plans to reopen after roughly two months of lockdowns.

Dow down nearly 125 points on losses in shares of Raytheon Technologies Corp., Boeing
Fri, 29 May 2020 18:24:00 +0000
DOW UPDATE The Dow Jones Industrial Average is down Friday afternoon with shares of Raytheon Technologies Corp. and Boeing facing the biggest drops for the index. Shares of Raytheon Technologies Corp.

Raytheon Technologies Corp., Boeing share losses lead Dow's nearly 200-point drop
Fri, 29 May 2020 17:22:00 +0000
DOW UPDATE The Dow Jones Industrial Average is trading down Friday afternoon with shares of Raytheon Technologies Corp. and Boeing seeing the biggest declines for the index. The Dow (DJIA) was most recently trading 196 points lower (-0.

Visa Stock Is the Best Payments Powerhouse for Your Portfolio
Fri, 29 May 2020 17:17:11 +0000
Few companies typify the long-term mindset that accompanies consistent stock market winners better than Visa (NYSE:V). Its focus, addressable market and day-in-day-out ability to execute make V stock one of my favorite blue-chip stock picks.Source: Tada Images / Shutterstock.com Founded in 1958, Visa has grown to become one of the Big Three names in the credit card industry along with Mastercard (NYSE:MA) and American Express (NYSE:AXP).Today, it's a $400 billion behemoth — and even in light of the novel coronavirus pandemic this year, the company is holding its own, and the stock is reaping the rewards.InvestorPlace – Stock Market News, Stock Advice & Trading TipsHere's a look at some of what makes V stock such an attractive pick moving forward: Visa Is Robust and Betting on ItselfIt's almost always good when you see established, blue-chip companies like Visa betting heavily on themselves. That has been the story of 2020 thus far for the credit card giant, beginning the year with the acquisition of the hot fintech startup Plaid for $4.9 billion in cash. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure Visa may have been born in the '50s, but you don't earn a value of $400 billion by 2020 if you're not willing to adapt with the times, and the acquisition of Plaid, which helps other fintech firms connect with their customers' bank accounts, is a perfect example of Visa's savvy.Firstly, the move will further entrench Visa in digital payments; it's already the largest credit card network in the U.S., handling $2.1 trillion in transactions last quarter alone. To stay as relevant as it is today, Visa needs to embrace the fintech space and the world of e-commerce. It continued doing just that in the Plaid acquisition.Second, buying Plaid with cash — instead of, say, a deal financed entirely with V stock — shows just how much executives believe in the company longer term. The company was saying: “No, we don't believe our stock is overvalued, and we're willing to put our money where our mouth is.”That sentiment was followed up last quarter as the company bought back $3.2 billion in V stock. Not only that, it reiterated its intentions to buy back $9 billion in Visa shares on the year — one of the most uncertain years in our lifetimes. Good Earnings, Better Trends for V StockIt's no wonder Visa is beating the market this year. It even managed to boost both revenue and earnings in the difficult March quarter, seeing revenue jump 7% year-over-year and non-GAAP earnings per share increase 9%.Going forward, an increasingly cashless economy will continue to be a long-term tailwind for Visa, and rollouts of contactless card technology will make the company increasingly relevant for in-store purchases as well.Visa's stock is also well-positioned for the unstoppable shift to e-commerce that has been ongoing for years now, and which has been accelerated by the pandemic. Nobody's using cash when shopping on Amazon (NASDAQ:AMZN), and that's good for payment processors like Visa, which saw e-commerce volumes rise 18% in April.Visa is one of the rare names that investors can buy and hold for 10 years without sweating whether the company will exist or still be a player. V stock, which has outperformed the market in a very tough year for investors, looks poised to do so for years to come.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Visa Stock Is the Best Payments Powerhouse for Your Portfolio appeared first on InvestorPlace.

Resilient Square Stock Will Defeat the Bears
Fri, 29 May 2020 16:43:43 +0000
I recently published my top recommendations of the best stocks to buy for a post-coronavirus bump. There are huge opportunities for strong profits as the economy rebounds, so this is a great time for investors. But one of those names, Square (NYSE:SQ) stock, deserves a closer look.Source: Jonathan Weiss / Shutterstock.com Let's do that now.I'm already on the record as saying I think SQ is the ideal stock to buy for the 21st century economy. Mom-and-pop businesses, food trucks, Girl Scout cookie sales. They all can easily process credit card payments by using Square's dongles attached to a mobile device.InvestorPlace – Stock Market News, Stock Advice & Trading TipsAnd now that we live in a world touched by the novel coronavirus, people are going to be much less willing to handle cash. In turn, they will be more inclined to make payments with their Visa (NYSE:V), Mastercard (NYSE:MA), American Express (NYSE:AXP) or Discover (NYSE:DFS) cards.Even payment options from Apple (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) will likely see more traffic as people decide transferring money from person to person isn't the most hygienic thing in the world. SQ Stock at a GlanceSquare is trading close to $80 right now and is up nearly 30% year to date. But that doesn't represent the absolute whipsaw that SQ put investors through so far this year.The stock price fell more than 55% in March as the pandemic shuttered many businesses across the country. And it disproportionally hurt SQ, as a huge percentage of Square's revenue comes from small businesses that make less than $125,000 annually. * 7 Red-Hot Vaccine Stocks Racing to Develop a Coronavirus Cure The rally really caught fire earlier this month when Square issued its first-quarter earnings, in which the company reported revenue of $1.4 billion that beat Wall Street's estimates of $1.3 billion.Square's Cash App saw its revenue jump nearly 200% to $528 million. The app is becoming more important for users because it offers access to CARES Act stimulus payments approved by Congress.However, Square reported a net loss for the quarter of $106 million as it increased its reserves in preparation for likely loan losses. The company issued a stark warning to investors that, while it should come as no surprise, seems to have scared some analysts off:”We recognize that the macroeconomic environment is having a significant impact on people around the world, including many of our customers. This may cause a variety of outcomes for our financial results in upcoming quarters, depending on the length and severity of the impact from COVID-19, and we expect a material impact to our second-quarter results.” The Bears Are Coming OutSquare has been rallying nicely, but bearish sentiment is emerging. Frankly, the origin of that sentiment is off the mark.Bank of America analyst Jason Kupferberg recently downgraded SQ stock from “buy” to “underperform,” while expressing doubt that small businesses will be able to bounce back once their government stimulus checks run out.UBS analyst Eric Wasserstrom also issued a downgrade, from “neutral” to “sell,” while raising his price target from $54 to $63. He cited what he called a “weak outlook” for Square's seller business.Guggenheim analyst Jeff Cantwell also issued a downgrade. He said Square will be hurt by small and mid-sized business that he expects will struggle through 2021.With all due respect, the bearish commentary on SQ stock is short-sighted right now.The company is building amazing depth. Square also has Square Register, Square Payroll and Square Capital. These solutions give it the resources to handle both personal and business finance.The company also received approval in March to open its own bank, which opens the door for it to offer personal and business banking services.Cash App also features the Cash Card, which works like a debit card and lets customers buy and sell bitcoin and invest in stocks. Square said its revenue off of bitcoin transactions was $306 million last quarter, compared to $65.5 million in 2019.In addition, Square Cash allows people to transfer money to each other with their mobile devices, making it a legitimate competitor to PayPal (NASDAQ:PYPL) and its Venmo app.At the end of 2019, Square Cash had 24 million active users, compared to 52 million for Venmo. The Bottom Line on SquareEven if smaller businesses struggle in the aftermath of the pandemic, Square is an ideal stock to own. It makes perfect sense for today's economy.SQ stock maintains its buy rating in my Portfolio Grader, where it continues to have a B grade.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system — with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the “Master Key” to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * Top Stock Picker Reveals His Next 1,000% Winner * The Huge Story for 2020 & Beyond That You Aren't Hearing About * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * The 1 Stock All Retirees Must Own The post Resilient Square Stock Will Defeat the Bears appeared first on InvestorPlace.

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