American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 39.66% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $1.42 would be kept by the premium seller. The risk of $3.58 would be incurred if the stock dropped below the $90.00 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 52.32 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
LATEST NEWS for American Express
Analyzing American Express's Unusual Options Activity
Thu, 06 Aug 2020 18:29:44 +0000
On Thursday, shares of American Express (NYSE: AXP) saw unusual options activity. After the option alert, the stock price moved down to $95.09. * Sentiment: BULLISH * Option Type: SWEEP * Trade Type: CALL * Expiration Date: 2020-08-07 * Strike Price: $94.00 * Volume: 741 * Open Interest: 3233 Signs of Unusual Options Activity One way options activity can be considered unusual is when volume is exceptionally high. The volume of options activity refers to the number of shares contracts traded for a day. Unsettled contracts that have been traded, but not yet closed, are called open interest. These contracts are not closed because a buyer has not purchased a contract, or a seller has not sold it.A contract with an expiration date in the distant future is another tell of unusual activity. Generally, additional time until a contract expires increases the potential for it to reach its strike price and grow its time value. Time value is important in this context because it represents the difference between the strike price and the value of the underlying asset.Contracts with a strike price far from the underlying price are also considered unusual because they are defined as being "out of the money". This occurs when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made because the underlying asset value is expected to change dramatically in the future, and the buyer or seller can take advantage of a greater profit margin.Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Using These Strategies to Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Looking Into American Express's Return On Capital Employed * Price Over Earnings Overview: American Express * Recap: American Express Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Discovery Channel's Shark Week Special Featuring Mike Tyson Implements Glenco’s protocol “Standard for Safe Sets”
Thu, 06 Aug 2020 12:00:00 +0000
Lionsgate’s division, Pilgrim Media Group, implements the Glenco’s protocol for optimal health and safety during filming of Mike Tyson special Investor Webinar to be held Monday, August 10th at 10 am Eastern Time NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — QuestCap Inc. (“QuestCap” or the “Company”) (CSE:QSC; FRA:34C1) is pleased to announce the use of Glenco Medical Corp.’s (“Glenco”) Standard for Safe Sets (the “Standard”) by Pilgrim Media Group, a Lionsgate company based in North Hollywood, CA during filming of the Discovery Channel’s Shark Week special with Mike Tyson which airs starting on Sunday, August 9th at 8 pm ET on the Discovery Channel in the US. QuestCap owns a 30% equity interest in Glenco.The Standard was adopted from standards and protocols originally developed for the professional and amateur sport’s industries entitled “The Standard for Safe Sports™” prepared by Glenco. The Standard for Safe Sets is compliant with, and aligned to, the film industry’s guidelines “The Safe Way Forward” published and released in June 2020. With no end in sight for the global pandemic, world industries are just starting to restart their engines for business and commerce. “I am very active in the world of media, film and production,” said Mr. Mike Tyson, the former Heavyweight boxing champion of the world. “Entering a set today for me is a risk to me and my family, one I confidently accept with the inclusion of Glenco’s standard – a standard I know and trust,” concluded Mr. Tyson.“We were very pleased to have the protocols developed by Glenco adopted by Pilgrim Media,” stated Dr. Glenn Copeland, the CEO of Glenco and Scientific Advisor to QuestCap Inc. “It is crucial to adopt in-depth screening processes including several layers designed to assist with protocols of testing, disinfecting, reporting and responding. Our team works tirelessly to constantly develop and adapt to various industries based on strict medical and scientific data” concludes Dr. Copeland.Investor Webinar QuestCap Inc. is pleased to host a corporate webinar to provide updates and developments from investment partners.QuestCap Corporate Update Webinar QuestCap is hosting a Corporate Update webinar on Monday, August 10 at 10 am Eastern time that will give the Company’s investment partners the opportunity to provide an update on their work. Select representatives will make short presentations on their progress. Registration Link https://us02web.zoom.us/webinar/register/WN_nZtjhxAvSbej0hB06tbKRQ * Glenco Medical Corp. is a medical treatment company that specializes in extended clinical care, home treatment and innovative performance technologies using wearable, unrestricted and individual therapies to accelerate orthopaedic injury healing and training recovery. Glenco Medical shares a common interest and commitment with QuestCap in the state and well-being of public health, our communities and a safe return to normal activities for all. * Amino Therapeutics is currently focused on developing biologic therapeutics for COVID-19. Amnio’s research targets small molecule drug candidates and targeted drug delivery systems to transport biologics into the cytosol. * Spectral Analytics has received Institutional Review Board (IRB) approval for the clinical study and is the Principal Investigator for the Phase 1 study. Spectral is testing the efficacy of the combination of two FDA approved drugs to treat COVID 19.About Lionsgate Lionsgate Films (formerly known as Cinépix Film Properties) is an American film production and film distribution studio, headquartered in Santa Monica and founded in Canada, and is the flagship division of Lionsgate Entertainment. It is the largest and most successful mini-major film studio in North America. It focuses on foreign and independent films and has distributed various commercially successful film series, including The Hunger Games, Rambo, Divergent, The Punisher (prior to Marvel Studios acquiring its rights back in 2013), John Wick, Saw, Madea, Blair Witch, Now You See Me, Hostel, The Expendables, Sinister, The Twilight Saga and Step Up (both partially, via the firm's 2012 acquisition of two series' distributor Summit Entertainment. The latter was distributed by Disney's Touchstone Pictures since its first film).About QuestCap Inc. QuestCap Inc. (CSE:QSC; FRA:34C1) is a social-impact investment company. It seeks, secures and funds recognised sciences, technologies, and solutions that impact our global community today.The QuestCap executive team is complemented by a panel of global advisors that provide expertise across industries and geographies. This panel includes prominent immunologist Dr. Lawrence Steinman and Dr. Glenn Copeland, who has 45 years of experience in orthopaedic treatment, foot and ankle care, and sports medicine.QuestCap provides financing for a diverse range of entities in exchange for pre-determined royalties or distributions, or acquires all or part of one or more businesses, portfolios or other assets.For additional information, please contact:Doug Sommerville, CEO Doug.Sommerville@questcapinc.comFor US media enquires please contact: Veronica Welch veronica@vewprmedia.com +1-508-643-8000Cautionary Note Regarding Forward-looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of the Standard; the developments made by Glenco Medical, Spectral Analytics and Amino Therapeutics; the pursuit by QuestCap of investment opportunities; and the merits or potential returns of any such investments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Amex Trendex Finds Shifts in Global Spending
Tue, 04 Aug 2020 14:12:05 +0000
The new trend report from American Express shows consumers’ willingness for travel, dining and socially distanced leisure activities.
QuestCap Announces Agreement to Acquire 40% of Spectral Analytics
Tue, 04 Aug 2020 11:00:00 +0000
Spectral has completed in vitro studies performed at two independent pre-clinical clinical research organizations on a combination of two FDA approved drugs NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) — QuestCap Inc. (“QuestCap” or the “Company”) (CSE:QSC; FRA:34C1) is excited to announce it has entered into an arms’ length agreement to acquire a 40% equity interest in Spectral Analytics, Inc. (“Spectral”). As consideration for the acquisition of the 40% equity interest in Spectral, QuestCap shall issue to certain shareholders of Spectral 10 million QuestCap common shares and also make a conditional payment of US$470,000 to Spectral to fund certain clinical trials. The payment of the US$470,000 is conditional on IRB approval including the submission by Spectral of a successful in vitro study to the US Food and Drug Administration (FDA) for human trials for a combination of two FDA approved drugs. QuestCap shall also receive a warrant to acquire an additional 5% of Spectral for an exercise price of US$150,000 (included in the payment of US$470,000) exercisable following successful future human trial results as determined by QuestCap and as measured by the FDA.QuestCap previously paid US$30,000 to Spectral to fund the cost to complete in-vitro studies. Two in-vitro studies were performed at two independent pre-clinical research organizations on behalf of Spectral, to test the efficacy of the combination of two FDA approved drugs to treat COVID 19. These in-vitro studies provide Spectral full confidence that they will be able maintain safety and efficacy in administration of these drugs in COVID 19 human clinical studies. Spectral has already received Institutional Review Board (IRB) approval for the clinical study and the Principal Investigator for the first Phase 1 clinical study has been initiated. Once Spectral receives approval to treat under the PIND application they will begin enrollment for the human clinical study immediately.Leading the Clinical Research on behalf of Spectral is Global Pharmaceutical and Biotechnology, Device industry veteran, Christina DiArcangelo. Ms. DiArcangelo has a vast amount of global clinical research and drug development experience throughout her career including working on Johnson & Johnson’s Remicade®. “I am extremely pleased with the results demonstrated in the in-vitro studies performed to support the Spectral Analytics, Inc. PIND that was submitted to the FDA for the treatment of COVID19. We need a solution as we are not able to continue to live in this manner worldwide without a viable treatment” stated Christina DiArcangelo, CEO, Affinity Bio Partners, LLC.The closing of the transaction to acquire a 40% interest in Spectral is conditional on Spectral securing IRB approval for human trials and submission of a successful in-vitro study to the FDA satisfactory to QuestCap and other customary closing conditions. About QuestCap Inc. QuestCap Inc. (CSE:QSC; FRA:34C1) is a social-impact investment company. Through QuestCap’s three divisions, MedQuest, TechQuest and ClimateQuest, it seeks, secures and funds recognized sciences, technologies, and solutions that impact our global community today.The QuestCap executive team is complemented by a panel of global advisors that provide expertise across industries and geographies. This panel includes prominent immunologist Dr. Lawrence Steinman and Dr. Glenn Copeland, who has 45 years of experience in orthopedic treatment, foot and ankle care, and sports medicine.Recent MedQuest investments in addition to Glenco include: $1M into Sunnybrook Hospital’s Research Group for Emerging and Respiratory Viruses (such amount payable in equal $250,000 installments) and $0.5M into Sinai Health Foundation’s research in COVID-19 diagnostic testing (such amount payable in equal $125,000 installments).QuestCap provides financing for a diverse range of entities in exchange for pre-determined royalties or distributions, or acquires all or part of one or more businesses, portfolios or other assets.For additional information, please contact:Doug Sommerville, CEO doug.sommerville@questcapinc.com 416-301-5418For Canadian media enquires please contact:Evan Veryard evan.veryard@questcapinc.comFor US media enquires please contact: Veronica Welch veronica@vewprmedia.com +1-508-643-8000Cautionary Note Regarding Forward-looking InformationThis press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the use of the transaction with Spectral; the suitability or efficacy of any treatment for COVID 19; the results or success of any clinical trials; the pursuit by QuestCap of investment opportunities; and the merits or potential returns of any such investments. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.NEITHER THE CANADIAN SECURITIES EXCHANGE NOR ITS REGULATION SERVICES PROVIDER HAS REVIEWED OR ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
How Bad Could Credit Card Losses Get During the Pandemic?
Sat, 01 Aug 2020 10:00:00 +0000
We can get some hints by looking at how the top credit card companies are projecting their loan loss reserves.
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