Nothing solid yet on AXP today so far Im still putting a long hold on this stock. Not to much to mention other then on Friday Axp will announce another shocker.
*U.S. stocks declined broadly after a bleak report on home resales.
The Dow Jones Industrial Average was down 142.65 points, or 1.9%, at 7208.29 in midday trading Wednesday. The Standard & Poor's 500-stock index was down 1.9% at 758.60, and the Nasdaq Composite Index fell 0.6% to 172.31.
*SAN FRANCISCO (MarketWatch) -- The U.S. government has tried several different ways to pump capital into the nation's ailing banks, revive lending and ease the recession. Now some analysts say it may be time for the solution everyone's been trying to avoid: nationalization.
Treasury Secretary Timothy Geithner unveiled a Financial Stability Plan Tuesday that aims to strengthen banks, buy up to $1 trillion of their toxic assets and revitalize moribund securitization markets.
Thursday, February 26, 2009
GO GO ....GO LONG
Wednesday, February 25, 2009
AXp left for death
Dont want to punch one of my favorite stocks but this sucker is going to only be a long term operational buy compared to my normal week trader pattern. With the $300 gift card idea and housing down 5.3% its just a big NO this week for this stock. However if you must know tomorrow will be way better for the company just not enough for me to spend 9.99 + bulk fee. So get my picture and stay away for the rest of the week.
Tuesday, February 24, 2009
Move to the express LAne Axp
WHile many analyts still say hold I say buy unemployment rates are what they are and for AXP the higher the better.
*BAD NEWS
The company is offering a $300 prepaid card, which can be used anywhere American Express is accepted, to certain customers who pay off their entire balance between March 1 and the end of April. Enrolling in the deal automatically cancels the customer's account, regardless of whether he successfully pays off the balance.
AmEx has a charge-off rate of 6.7% during the fourth quarter that it recently reported. This is a measure of the amount of loans that the company has to write-off due to missed payments compared to the total loan portfolio. The company reported during the fourth quarter that transaction by cardholders fell 10.0% year-over-year
HOWEVER even with posting bad news I still show this stock as a good pick time is needed to sort out the rest of the economy AXP can have some as well.
Monday, February 23, 2009
AXP BUY BUY BUY !! today is the day
Axp now has a heavy buy on it. at 12.77 you cant lose this is a 5 day and 3 month trend buy. This stock should push 15.49-16.89 by march. This is a an extremely good value please take in to account 3 month and 5 day avg is the best system to use and if you back test it it will win every time. But only once in awhile do you get a 3 month 5 day match. THe higher the unemployment rate the higher Axp rises march should be a tell sign of this once again. Happy buy power..