SocialPicks Sentiment:
** v.s.
other stocks
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This Quarter's Sentiment:
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SocialPicks Community
AXP
AXP
AXP
AXP
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Credit markets still very weak, default risks are high
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Bullish on AXP ...
AXP
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Shares of this wide-moat gem are near five-year lows, thanks to consumer weakness and the market's cold feet regarding anything even remotely tied to financials or consumers. Amex won't rocket up the charts overnight, but for patient investors who are willing to go against the grain and grab shares right now, the long-run return prospects look almost absurdly favorable. If you currently have a position in American Express, you are right to own this stock -- it's a great business trading for a good price today. (And not coincidentally, Buffett is a longtime shareholder.)
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AXP 20080808
AXP
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AXP is very oversold. Market has overreacted to soft economy and its negative impact on AXP. Stock is moving up sharply off of 5-year lows with heavy volume. As the excess disposible income produced from the continued drop in oil prices begins to work its way through the economy, AXP will see a consequent recovery in earnings. Once stock passes minor resistance at 40, it should move quickly back to resistance around 50.
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Bullish on AXP ...
AXP
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Things will be back on track for AXP within the next six months. This whole credit crisis won't be over yet but it will hit the rich much less (aka people who use AXP). This is a smart company which never seemed too bothered by the whole credit crunch compared to many others. A P/E for AXP of 11 is historically low or histarically low depending on your persective. Expect earnings of .84 per share for sept 08 with revenue of 7.9B. I expect growth numbers of 12-15% a year for the next 5 years. The low dividends are a good thing as their capitol goes into improving their company and not pleasi...
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