American Express Company (AXP) recently signed an agreement with payment solutions provider Worldpay to make onboarding of loyal and high-spending American Express cardmembers more convenient for small businesses, per reports. The move is expected to enhance AmEx’s footprint in the U.K. market.In the past three years, the number of places accepting AmEx cards rose 46%. The latest deal will likely further enhance the number of locations. This February, AmEx introduced its Plan It product in the U.K., which e ...

In-The-Money Countdown subscribers scored a speedy profit with our American Express Company (NYSE:AXP) weekly 5/10 225-strike call recommendation, which they received on Sunday, May 5. Below, we will dive into the telltale signs behind this winning trade.At the time of our recommendation, shares had retraced 38% of their post-earnings reaction, finding potential support at the rising 20-day moving average and their March peak. The rising 50-day trendline, which coincided with with its 20% year-to-date level ...

The integrated payments company is seeing strong momentum across a number of key metrics.Market valuation multiples are elevated. The S&P 500 and Nasdaq 100 are currently trading at price-to-earnings ratios of about 23.2 and 29.5, respectively. That's up from approximately the S&P 500's multiple of approximately 18.4 and the Nasdaq 100's of 26.0 at this time last year. While this multiple expansion has fueled a rewarding run-up in stocks for investors, it's left them with fewer good options for new capital. ...

These three Dow stocks have withstood the test of time and could be excellent additions to long-term investors' portfolios today.The Dow Jones Industrial Average is a front-row seat to the unfolding story of American business. Dating back to the late 1800s, the index tracks 30 of the most influential companies in the stock market and provides investors with a real-time pulse check on the health of the U.S. economy.Although the index has its flaws, it can be an excellent place to unearth companies with solid ...

In this articleGRMNTSNAXPUPSTGetty ImagesAt American Express, consumers are continuing to open high-fee credit cards and splurge on luxuries like travel. But for lending firm Upstart, there's a strong interest in microloans as cash-strapped Americans try to scrape by.That juxtaposition underscores the growing picture of bifurcation among income brackets in America. And adds to an increasingly popular view that the U.S. is experiencing a "K"-shaped recovery since the end of the pandemic, where higher income ...

American Express is rolling out a business credit card in Nigeria, its first such product in the country.The card offers business owners a spending limit of $10,000 and a repayment period of up to 45 days for international transactions, and comes as a result of a partnership with local neobank O3 Capital, according to a Thursday (May 9) Bloomberg report, which noted that the launch of the card could improve working capital access in the West African nation.“The first-ever American Express Business Card in t ...

These top stocks are showing resilience despite a tough economic environment.The S&P 500, which was flying high during the first three months of 2024, lost some of its gains in April but is still up 8.6% so far for the year. Investors tempered their enthusiasm in recent weeks based on the latest data about inflation, which isn't going down without a fight. The Federal Reserve said it wouldn't raise interest rates right now, but it's also not going to cut them.When there's economic flux, dividend stocks star ...

The fintech sector is abundant with companies that continue to play a significant role in how we bank, transact, and invest. Amidst the buzz surrounding these companies, the largest industries players remain the most underappreciated fintech stocks to buy. It becomes extremely easy to overlook well-established players in the fintech space that possess extraordinary long term potential. This is because they have grown so large that investors often believe that they’ve ‘’missed the move.’’ However, that could ...

American Express Global Business Travel (Amex GBT) saw global multinational customers increase their business travel during the first quarter.The growth in travel by these companies outpaced that of small- to medium-sized businesses (SMBs) for the first time since the recovery from the pandemic, the B2B software and services company for travel and expense said Tuesday (May 7) during its quarterly earnings call.During the first quarter, Amex GBT saw its global multinational customers’ transaction growth incr ...

AP Photo/Richard DrewAPFor this month, the cycle/relative strength concept is applied. First, the S&P 500 stocks are ranked from the best performer to the worst by calculating the expected return in that month. The top best traditional performers in the month were then screened for relative strength by a unique measure that sorts by several relevant time periods. Those that pass both screens are buys for the month. The stocks that are both weak monthly performers and weak relative performers are short sales ...