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9 pts

Opinion on  American Express Company (AXP)     Sector: Financial  >  Industry: Consumer Financial Services
AXP 20080808

Aug 08, 2008 05:47 PM UTC
M100_hst
Return Risk
-31.72% LOW
Sr. Analyst

Recent News   Fundamental Analysis   Technical Analysis   Favorable/Unfavorable Valuation  

AXP is very oversold.  Market has overreacted to soft economy and its negative impact on AXP.   Stock is moving up sharply off of 5-year lows with heavy volume.  As the excess disposible income produced from the continued drop in oil prices begins to work its way through the economy, AXP will see a consequent recovery in earnings.  Once stock passes minor resistance at 40, it should move quickly back to resistance around 50.


AXP:  This call was made on 08/08/08 @ $37.43
Rating:   Positive   $37.43 (08/08/08)
Gain/Loss:   -41.57% in 118 days
Target:   $70.00 (+87.02%) in > one year
Allocation:   11.1% of portfolio


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