Good MorningEquity markets gave up Monday's gains as geopolitical tensions came back to the fore. Iran's missile strike against Israel raises the chance for an all-out war in the Middle East, causing further disruption to global trade and energy markets. The S&P 500 fell more than 1% at the session's low, leaving the market within the narrow range it has traded for nearly two weeks. WTI, the US benchmark for oil, rose more than 3% in a volatile day of trading, confirming a bottom at $67.50.
Economic data also impacted Tuesday's trading. Though mixed, the data regarding the economy and outlook for FOMC interest rate cuts was better than expected. The ISM manufacturing data was better than expected at 47.2 but still showed contraction in the sector, while the JOLTs data showed a surprising increase in job openings. The good news is that JOLT data suggests the labor markets remain resilient and the economy is on track for a soft landing; the bad news is that the Fed may not follow through with its indicated pace of rate cuts because of it.
Featured: New President Kamala warning (Stansberry Research) |
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Everyone is now focused on mainstream Chinese stocks and their rallies resulting from the recent 50 basis point interest rate cut that the government just implemented there. However, these trades in names like Alibaba Group (NYSE: BABA) or Baidu Inc. (NASDAQ: BIDU) might be getting a bit too crowd... Read the Full Story |
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Stocks | | U.S. stocks retreated from their records Tuesday after Iran fired missiles into Israel, a sharp escalation of tensions in the Middle East that investors fear could lead to disruptions in the flow of oil. The S&P 500 pulled 0.9% lower, and the Dow Jones Industrial Average lost 173 points, or 0.4... Read the Full Story |
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The artificial intelligence (AI) revolution is well underway. There are three essential components to deploy AI: the GPU, like NVIDIA Co. (NASDAQ: NVDA) chips to crunch the data; storage, like Micron Technology Inc. (NASDAQ: MU) NAND flash and high-bandwidth memory (HBM) memory... Read the Full Story |
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From Our PartnersGold has soared 25% in the last 6 months, but this young company has more than doubled that return. With a price target nearly double its current value, it's caught the eye of 40+ investment banks and funds. Discover the name of this standout company today and see why it's a potential gold mine for investors. | | Click here to uncover this company and seize the opportunity! |
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After a volatile summer following a consistently upward first half of the year, Broadcom Inc. shares (NASDAQ: AVGO) are again on the verge of highs. In the past three weeks alone, they've jumped more than 30% and come within $4 of hitting June's record.
It's a solid run of gains for Broad... Read the Full Story |
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Markets | | Hong Kong share soared while other Asian markets retreated on Wednesday as tensions escalated in the Middle East.Oil prices extended gains after Iran fired dozens of missiles into Israel, potentially raising the risk of disruptions to supplies. That news overshadowed an upbeat report showing U.S. jo... Read the Full Story |
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Lennar (NYSE: LEN) has headwinds in 2024, including margin pressure, but that is the worst news. While the housing market at large is tepid, conditions favor home builders, driving business, cash flow, and capital returns. Looking forward, there is a catalyst for 2025 in FOMC rate cuts.
High ra... Read the Full Story |
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Markets | | Warren Buffett's Berkshire Hathaway is buying the rest of its utility unit from the estate of a longtime board member who died three years ago, but it's not clear exactly how much it will pay for the 8% stake Read the Full Story |
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Markets | | U.S. job openings rose unexpectedly in August as the American labor market continued to show resilience.The Labor Department reported Tuesday that employers posted 8 million vacancies in August, up from 7.7 million in July. Economists had expected openings to be virtually unchanged. Openings were up... Read the Full Story |
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Markets | | Inflation in the 20 countries that use the euro fell to 1.8% in September, below the European Central Bank's target of 2% for the first time in more than three years as falling energy prices give consumers relief from a burst of inflation that at one point reached into double digits.Tuesday's offici... Read the Full Story |
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Marinus Pharmaceuticals (NASDAQ: MRNS) is a micro-cap pharmaceutical stock with multiple Wall Street analysts seeing significant upside. Both Oppenheimer and Cantor Fitzgerald recently issued or reiterated massive price targets for the company. Oppenheimer's $6 target signals that&n... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company's products and services include credit card, charge card, banking, and other payment and financing products; network services; expense management products and services; and travel and lifestyle services. It also provides merchant acquisition and processing, servicing and settlement, point-of-sale marketing, and information products and services for merchants; and fraud prevention services, as well as the design and operation of customer loyalty programs. In addition, the company operates lounges at airports under Centurion Lounge brand name. It sells its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, direct mail, telephone, in-house sales teams, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York. | Should I Buy American Express Stock? AXP Pros and Cons Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of American Express was last updated on Monday, September 30, 2024 at 4:38 PM.
Pros-
American Express has shown consistent revenue growth over the past few quarters, indicating a strong financial performance.
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The company's recent quarterly earnings report exceeded analysts' expectations, showcasing a positive trend in profitability.
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American Express has a solid return on equity of 32.94%, reflecting efficient utilization of shareholder funds to generate earnings.
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With a market capitalization of $190.60 billion, American Express is a large and stable company in the financial services sector.
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The current stock price of American Express is $268.11, which suggests a positive market sentiment towards the company.
Cons-
American Express operates in a highly competitive industry with other major players, which could impact its market share and profitability.
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