TRENDING KEYWORDS
American Express (AXP, $185.68) beats Q1 earnings expectations
American Express reported first quarter earnings that came in higher than expected.
The company’s diluted earnings for the three months ending in March came in at $2.73, beating the Street consensus forecast of $2.44 per share.
Revenues rose +29.5% to $11.74 billion, just ahead of analysts' forecasts of $11.6 billion, as consumer credit spending hit a record in March even as the impact the American Rescue Act as well as child tax credits and enhanced unemployment benefits for U.S. customers subsided.
For the coming year, American Express reaffirmed its forecast for earnings in the range of $9.25 and $9.65 per share, and revenue growth of between 18% and 20%.
AXP's RSI Indicator climbs out of oversold territory
The RSI Oscillator for AXP moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In 17 of the 19 cases the stock moved higher. This puts the odds of a move higher at 89%.
Current price $161.01 crossed the support line at $154.82 and is trading between $170.81 support and $154.82 support lines. Throughout the month of 04/25/22 - 05/25/22, the price experienced a -13% Downtrend, while the week of 05/18/22 - 05/25/22 shows a +3% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 42 of 56 cases where AXP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 75%.
The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on AXP as a result. In 67 of 95 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 71%.
The Moving Average Convergence Divergence (MACD) for AXP just turned positive on May 25, 2022. Looking at past instances where AXP's MACD turned positive, the stock continued to rise in 36 of 54 cases over the following month. The odds of a continued upward trend are 67%.
Following a +3.61% 3-day Advance, the price is estimated to grow further. Considering data from situations where AXP advanced for three days, in 239 of 352 cases, the price rose further within the following month. The odds of a continued upward trend are 68%.
AXP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
AXP moved below its 50-day Moving Average on April 26, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for AXP crossed bearishly below the 50-day moving average on April 29, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 62%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AXP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 48%.
The Aroon Indicator for AXP entered a downward trend on May 25, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 64%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.86.
The Tickeron Profit vs. Risk Rating rating for this company is 16 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock better than average.
The Tickeron SMR rating for this company is 54 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating fairly steady price growth. AXP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 64 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 89 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.400) is normal, around the industry mean (4.384). P/E Ratio (16.026) is within average values for comparable stocks, (80.541). Projected Growth (PEG Ratio) (1.348) is also within normal values, averaging (1.311). Dividend Yield (0.011) settles around the average of (0.039) among similar stocks. P/S Ratio (2.750) is also within normal values, averaging (26.501).
A leasing company (e.g. United Rentals, Inc. ) is typically the legal owner of the asset for the duration of the lease, while the lessee has operating control over the asset while also having some share of the economic risks and returns from the change in the valuation of the underlying asset. Per capita disposable income and corporate earnings or cash flow could be some of the critical metrics for this business – the higher the values of these metrics, the potentially greater ability of consumers/businesses to afford apartments/office spaces for rent. Other finance companies include credit/debit card payment processing companies (e.g. Visa Inc. and Mastercard), private label credit cards providers (e.g. Synchrony Financial) and automobile finance companies (e.g. Credit Acceptance Corporation).
The average market capitalization across the Finance/Rental/Leasing Industry is 7.7B. The market cap for tickers in the group ranges from 10.3K to 439.2B. V holds the highest valuation in this group at 439.2B. The lowest valued company is CAFI at 10.3K.
The average weekly price growth across all stocks in the Finance/Rental/Leasing Industry was -1.67%. For the same Industry, the average monthly price growth was -6.72%, and the average quarterly price growth was -11.42%. CYIO experienced the highest price growth at 70.45%, while WEIDY experienced the biggest fall at -77.07%.
- 5/6/22 5:04 AM: American Express (AXP, $171.01) was a top loser this week, declining -6.03%
- 4/28/22 6:02 AM: American Express (AXP, $177.63) was a top loser this week, declining -5.75%
- 4/12/22 7:12 AM: American Express (AXP, $177.57) was a top loser this week, declining -5.11%
The average weekly volume growth across all stocks in the Finance/Rental/Leasing Industry was -23.99%. For the same stocks of the Industry, the average monthly volume growth was -9.48% and the average quarterly volume growth was -68.91%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Positive Outlook today, backed by the 15 Indicator. Tickeron has a positive outlook on this group and predicts a further increase by more than 4.00% within the next month with a likelihood of 38%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.29.
79 stocks in the group of tickers confirmed the positive outlook based on the BollingerBands indicator with average odds of 73%.
The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), PayPal Holdings (NASDAQ:PYPL), Capital One Financial (NYSE:COF), Discover Financial Services (NYSE:DFS), United Rentals (NYSE:URI), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH).
The average market capitalization across the group is 10.1B. The market cap for tickers in the group ranges from 0 to 431.4B. V holds the highest valuation in this group at 431.4B. The lowest valued company is SLMBP at 0.
- 5/5/22 4:57 AM: VISA (V, $214.52), market cap jumped by $26.9B
- 4/28/22 6:01 AM: VISA (V, $214.11), market cap jumped by $41.8B
- 3/25/22 6:10 AM: VISA (V, $217.31), market cap jumped by $20.2B
The average weekly price growth across all stocks in the group was 3.82%. For the same group, the average monthly price growth was -5.86%, and the average quarterly price growth was -23.22%. SEZNL experienced the highest price growth at 249.3%, while DXF experienced the biggest fall at -17.45%.
- 5/25/22 7:32 AM: Navient (NAVI, $14.81) was a top loser this week, declining -9.09%
- 5/25/22 7:32 AM: Dunxin Financial Holdings (DXF, $0.47) is a top weekly loser for penny stocks, falling -17.13%
- 5/25/22 7:32 AM: CYIOS (CYIO, $0.06) was a top weekly gainer, with a +70.45% jump. Expect an Uptrend reversal
The average weekly volume growth across all stocks in the group was 43.71%. For the same stocks of the group, the average monthly volume growth was 41.11% and the average quarterly volume growth was 59.35%
- 5/25/22 7:27 AM: The volume for Jianpu Technology stock increased for one day, resulting in a record-breaking daily growth of 240% of the 65-Day Volume Moving Average
- 5/17/22 6:46 AM: The volume for loanDepot stock increased for a consecutive 5 days, with an average daily gain of 173%
- 5/14/22 4:17 AM: The volume for Oaktree Specialty Lending stock increased for two consecutive days, resulting in a record-breaking daily growth of 165% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Latest blogs by Sarah Patel
Top Blogs
