American Express (AXP) Offering Possible 5.37% Return Over the Next 24 Calendar Days

American Express's most recent trend suggests a bullish bias. One trading opportunity on American Express is a Bull Put Spread using a strike $120.00 short put and a strike $110.00 long put offers a potential 5.37% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $120.00 by expiration. The full premium credit of $0.51 would be kept by the premium seller. The risk of $9.49 would be incurred if the stock dropped below the $110.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for American Express is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for American Express is bullish.

The RSI indicator is at 79.83 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for American Express

A Look Back At M&A Deals In The Restaurant Sector
Fri, 20 Dec 2019 19:55:31 +0000
2019 was a busy year for the restaurant sector with multiple M&A transactions involving big and small names. Here is a summary of some of the more notable deals as compiled by Nation's Restaurant News. …

When AmEx Black Just Won’t Do: A Gem-Crusted Card for the .001%
Fri, 20 Dec 2019 14:46:09 +0000
(Bloomberg) — Metal credit cards are so 2019.Next year in the U.S., some of the .001% will be invited to own a customized card inlaid with diamonds, pearls and other precious gems.At least one very rich Yankees fan got in on the action early.Their diamond and sapphire-studded card, which borrows from the design of one of the team’s championship rings, was on display last month along with other gem-encrusted examples during a private event at New York’s Jewelry Week.The gathering, showcasing the works of Clarissa Bronfman, was sponsored by Insignia Group, a London-based luxury lifestyle management and travel company that’s partnering with private equity firm Certares to launch the “Jewelry Card Collection” early next year.Swiss artisans craft the cards by hand using “especially high-strength gold plates,” Insignia said in its marketing materials. Those approved for the card can meet with a designer to create one customized “for every personality and taste that could include family crests, images of beloved pets, sports logo and more.”The cost to do that can be about $200,000.Insignia said it has created fewer than 100 jeweled cards for clients across the U.K., Middle East, Monaco, Russia and now the U.S. Cardholders, who pay a $10,000 annual fee, charge more than $1 million a year, most of it on travel, said Richard Lewis, Insignia’s president for the U.S. Most clients insure the cards, which are chip-enabled.The less visible side of Insignia’s business is its luxury lifestyle and travel service, which debuted in the U.S. about six months ago. In Europe, Insignia said it works with about 800 clients. In the U.S., it has about 50 clients and aims for a maximum of 300 to 500. At least 20% to 25% of its U.S. customers are billionaires, according to Lewis.They get a dedicated personal assistant who’s available 24/7. The assistants know details as specific as which side of the bed clients sleep on, so they can tell hotels which side to turn down, and may do things like send a client’s personalized toiletry kit to hotels in advance.“The people we are dealing with, the vast majority are very well-connected in their own right,” Lewis said. “But they don’t like to ask friends for favors all the time.”Lewis said American Express Co.’s Centurion product — the black card — is Insignia’s closest competitor. Among the rising number of “lifestyle management” companies today, another rival is London-based Quintessentially, the luxury concierge service where Lewis worked before joining Insignia.Read more: Luxury concierges battle for the attention of the very richInsignia expects to sign with a bank partner in the U.S. in the first quarter, so clients who want one sooner would have to use a European bank.Lewis said half of the U.S. business is owned by New York-based Certares, which specializes in travel and hospitality. The private equity firm is part of an investor group that owns a 50% stake in AmEx’s business-travel division.\–With assistance from Jenny Surane.To contact the reporter on this story: Suzanne Woolley in New York at swoolley2@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Peter Eichenbaum, Steven CrabillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

US Indexes Continue Gains, Closing Higher Tuesday
Tue, 17 Dec 2019 22:17:05 +0000
S&P; 500 closes at new record high of 3,192.52 Continue reading…

More Americans worry they can't pay off their holiday credit card debt
Tue, 17 Dec 2019 21:30:30 +0000
Fewer Americans feel they can pay off their credit cards in full this year than at the same time last year, . \\CompareCards Credit Card Confidence Index shows.

American Express Global Business Travel confirms equity recapitalization
Tue, 17 Dec 2019 20:38:00 +0000
American Express Global Business Travel (GBT) confirmed Tuesday the signing of an an agreement for an equity recapitalization of the joint venture, that is half-owned by American Express Co. and half-owned by and investor Group led by Certares. The recapitalization was originally reported by The Wall Street Journal, which said the agreement would value the company at $5 billion, including debt. The investor group is led by Certares includes Qatar Investment Authority, certain funds managed by BlackRock Inc. and Teacher Retirement System of Texas, and will now include Carlyle Group L.P. and Singapore's sovereign wealth fund GIC, as well as Kaiser Permanente and the University of California Office of the Chief Investment Officer of the Regents. "This investment validates the success of the joint venture and underscores the strength of our long-term growth strategy," said Certares founder Greg O'Hara, who will continue as executive chairman of GBT. "We are pleased to continue working with American Express and nearly all of our original investors, as well as welcoming Carlyle, GIC and others to the group."

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