The main driver of the past two weeks remains the growing dollar index, which...
American Express: The Power of Legend
During another period of corporate reporting of US companies, American Express published its indicators. The lion’s share of global payments passes through its transaction systems, but this is only the tip of the iceberg of services that this business represents. AEC users buy millions of goods and services around the world, customers are both large corporations and small and medium-sized companies, and the business itself sells a lot of services through mobile applications, partners, direct advertising and third-party intermediaries.
Strengths of American Express reporting for the second quarter of 2022:
The consensus estimate suggests that American Express securities may reach $173-175 in the next 12 months.
The technical picture of trading in AEC securities looks promising. The MACD indicator develops growth in the negative area and goes into the positive, confirming the buy signal. The Stochastic oscillator has started a reversal movement in the positive area and can go up, keeping the buy signal in force.