American Express (AXP) Offering Possible 6.27% Return Over the Next 28 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 $120.00 short put and a strike $110.00 long put offers a potential 6.27% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $9.41 would be incurred if the stock dropped below the $110.00 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 62.52 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

US Indexes Continue Gains, Closing Higher Tuesday
Tue, 17 Dec 2019 22:17:05 +0000
S&P; 500 closes at new record high of 3,192.52 Continue reading…

American Express Global Business Travel confirms equity recapitalization
Tue, 17 Dec 2019 20:38:00 +0000
American Express Global Business Travel (GBT) confirmed Tuesday the signing of an an agreement for an equity recapitalization of the joint venture, that is half-owned by American Express Co. and half-owned by and investor Group led by Certares. The recapitalization was originally reported by The Wall Street Journal, which said the agreement would value the company at $5 billion, including debt. The investor group is led by Certares includes Qatar Investment Authority, certain funds managed by BlackRock Inc. and Teacher Retirement System of Texas, and will now include Carlyle Group L.P. and Singapore's sovereign wealth fund GIC, as well as Kaiser Permanente and the University of California Office of the Chief Investment Officer of the Regents. "This investment validates the success of the joint venture and underscores the strength of our long-term growth strategy," said Certares founder Greg O'Hara, who will continue as executive chairman of GBT. "We are pleased to continue working with American Express and nearly all of our original investors, as well as welcoming Carlyle, GIC and others to the group."

American Express Company Elects Lynn A. Pike to Board of Directors
Tue, 17 Dec 2019 20:00:00 +0000
American Express Company (NYSE: AXP) today announced that Lynn A. Pike has been elected to its board of directors, effective January 1, 2020.

Carlyle, Singapore Fund Acquire Stake in AmEx Travel Unit
Tue, 17 Dec 2019 18:54:20 +0000
(Bloomberg) — American Express Global Business Travel said Carlyle Group and several big name investors are buying a stake in the corporate travel company.American Express Co. will retain 50% ownership, according to a statement Tuesday. The deal values the unit at $5 billion, including debt, according to a person familiar with the matter.The unit offers travel services primarily to businesses that need to book airfare and hotel rooms. The corporate travel business is growing. More than $305 billion was spent on such travel in 2018, a 4.5% gain from the year earlier, according to Bloomberg Intelligence, citing data from the Global Business Travel Association.The deal was led by Certares, and other investors include the Qatar Investment Authority, Singapore’s GIC Pte, funds managed by BlackRock Inc, the University of California’s Office of the Chief Investment Officer of the Regents and Kaiser Permanente, according to the statement from the Jersey City, New Jersey-based unit.American Express shares rose 1.1% to $125.05 at 1:35 p.m. in New York trading. Dow Jones reported the transaction earlier Tuesday.(Updates with investor leading the deal in fourth paragraph)To contact the reporter on this story: Jenny Surane in New York at jsurane4@bloomberg.netTo contact the editors responsible for this story: Sam Mamudi at smamudi@bloomberg.net, Dan Reichl, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

New investment by Carlyle, others values American Express Global Business Travel at $5 billion–WSJ
Tue, 17 Dec 2019 16:48:00 +0000
Carlyle Group L.P. and other investors are buying a stake in American Express Global Business Travel in a deal that values the company at $5 billion, according to a report in The Wall Street Journal. Citing a person familiar with the matter, the report said the of the new investment couldn't immediately be determined, and American Express Co. will retain a 50% ownership stake. The new investors include private-equity firm Carlyle, Singapore's sovereign-wealth fund GIC, Kaiser Permanente, Qatar Investment Authority, funds managed by BlackRock Inc. and the University of California Office of the Chief Investment Officer of the Regents.

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