Alert: Positive Investment/Fundamental Signals (1/3/24)-American Express Co (NYSE: AXP)


American Express Co (NYSE: AXP) has benefited from exceptional positive changes in investment behavior: positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.

Recent meaningful positive changes in fundamentals have benefitted American Express Co (NYSE: AXP): significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, AXP is expected to continue to be a major Value Builder.

American Express has a current Value Trend Rating of C (Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. American Express has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 65, producing the Neutral Value Trend Rating.

Recent Price Action

American Express Co (NYSE: AXP) stock closed at $186.32 on 1/3/24 after a modest decline of -1.1%. Trading volume in this decline was normal. The stock is unchanged during the last week and has been strong relative to the market over the last nine months.

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