Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Wall Street analysts forecast that American Express (AXP) will report quarterly earnings of $3.27 per share in its upcoming release, pointing to a year-over-year decline of 0.9%. It is anticipated that revenues will amount to $16.65 billion, exhibiting an increase of 8.2% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial p ...

The 2024 Q3 earnings season has kicked into a much higher gear with the release of the big banks’ results last Friday. The period looks to be constructive, with earnings growth expected to be positive again despite recent downward revisions that have contrasted with recent periods.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Let’s take a closer look at a few key companies – Taiwan Semiconductor Manufacturing (TSM) , Netflix (NFLX) , and American Express (AXP) – that are on the re ...

Company Performance - American Express (AXP) stock closed at $276.52, with a slight increase of +0.13% from the previous day, underperforming the S&P 500's gain of 0.77% [1] - The stock has appreciated by 6.63% over the past month, contrasting with a 2.93% decline in the Finance sector and a 4.87% increase in the S&P 500 [1] - The upcoming earnings report is scheduled for October 18, 2024, with an expected EPS of $3.27, reflecting a 0.91% decrease year-over-year, while revenue is projected at $16.65 billion, an increase of 8.24% from the previous year [1] Earnings Estimates - For the full year, the Zacks Consensus Estimates predict earnings of $13.14 per share and revenue of $65.98 billion, representing increases of +17.22% and +9.03% respectively compared to the prior year [2] - Recent adjustments to analyst estimates indicate a favorable outlook on the company's business health and profitability, with the Zacks Consensus EPS estimate rising by 0.11% in the past month [2][3] Valuation Metrics - American Express has a Forward P/E ratio of 21.02, which is a premium compared to the industry average Forward P/E of 12.26 [3] - The company has a PEG ratio of 1.53, higher than the industry average PEG ratio of 1.15, indicating a consideration of expected earnings growth [3] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, currently holds a Zacks Industry Rank of 155, placing it in the bottom 39% of over 250 industries [4] - The Zacks Industry Rank assesses the performance of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

The Oracle of Omaha is using a simple "recipe" to generate respective dividend yields of 33%, 34%, and 60% from three core holdings.For almost 60 years, Berkshire Hathaway (BRK.A 1.32%) (BRK.B 1.16%) CEO Warren Buffett has been delivering outsize returns. Based on the closing price of Berkshire's Class A shares (BRK.A) on Oct. 10, he's overseen a nearly 5,500,000% aggregate return and watched his company (briefly) hit the trillion-dollar mark, which is something only eight publicly traded companies have acc ...

Wall Street expects a year-over-year decline in earnings on higher revenues when American Express (AXP) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 18, 2024, might help the stock move higher if these key numbers are better t ...

American Express (AXP, Financial) experienced a decline of 1.53% today, closing the day at $269.59. This movement comes in the wake of downgrades by analysts, with HSBC moving the rating from 'buy' to 'hold' and BTIG shifting from 'neutral' to 'sell'.American Express (AXP, Financial) is currently trading at a price-to-earnings (PE) ratio of 20.12, which positions it as a relatively expensive option in the financial services sector. The company's valuation concerns are underscored by its Price-to-Book (PB) r ...

These two Buffett stocks are too good to pass up for patient, long-term investors.Want to help your portfolio? Watch what Warren Buffett is buying. His stock picks have, on average, crushed the market over the long term. And right now, two of his top holdings look too good to pass up.This is a company you can buy and hold foreverGreat companies can figure out how to generate impressive returns for shareholders without resorting to taking on excess debt. For decades, American Express (AXP -0.18%) has done a ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.It a ...

Group 1 - Vice President Kamala Harris is being positioned as the best candidate for business by her allies in the private sector through a new campaign called Business Leaders for Harris [1] - The campaign features testimonials from prominent business figures, including Mark Cuban, Reid Hoffman, Reed Hastings, and others, highlighting their support for Harris [1][2] - The initiative is backed by significant financial contributions, with Hoffman donating $6 million and Hastings contributing $7 million to the Republican Accountability PAC, which is behind the campaign [3] Group 2 - Executives involved in the campaign express a belief that Harris would be better for business than the current administration, with Hastings stating it would be an improvement [2] - The campaign includes a podcast hosted by Hoffman, featuring discussions with business leaders about their support for Harris and the perceived benefits for the business community [3] - There is a sentiment among some CEOs that they support Harris but feel constrained in expressing their views due to their current positions and responsibilities [3]