American Exchange Gears Up For Q2 Earnings: Can Credit Card Stock Sustain Bullish Momentum?
American Exchange Gears Up For Q2 Earnings: Can Credit Card Stock Sustain Bullish Momentum?
American Express Co (NYSE:AXP) will report its second-quarter earnings on Friday. As the company reports before market hours, Wall Street expects $3.25 in EPS and $16.6 billion in revenues.
美国运通公司(NYSE:AXP)将在周五发布其第二季度业绩报告。由于该公司在市场开盘前发布报告,华尔街预计其EPS达到3.25美元,营业收入达到166亿美元。
Catalysts Driving Stock Surge
推动股价上涨的因素
The stock is up 42.52% over the past year, 33.43% YTD. Key catalysts driving American Express stock include:
过去一年,该股上涨了42.52%,年初至今上涨了33.43%。继续推动美国运通股票上涨的关键因素包括:
- Focus on Millennial and Gen Z Demographics: Targeting these groups for new card acquisitions and profitability.
- Digital Transformation Investments: Enhancing digital payment solutions, including digital wallets and tokenization.
- Strong Financial Performance: Significant revenue and earnings growth, with Q1 FY24 revenue up 11% year-over-year and earnings per share increasing by 39% to $3.33.
- Record New Card Acquisitions: 12.2 million new cards in 2023, with 3.4 million in Q1 FY24, expanding the total network to over 140 million.
- Resurgence in Travel Demand: Positioning to benefit from increased travel demand in 2024 and beyond.
- 重点关注千禧一代和Z一代人群:针对这些人群进行新卡申请和盈利。
- 数字化转型投资:加强数字支付解决方案,包括数字钱包和令牌化。
- 良好的财务表现:显着的营业收入和盈利增长,Q1 FY24营收同比增长11%,每股收益增加39%至3.33美元。
- 创纪录的新卡获客量:2023年新增1220万张卡片,Q1 FY24新增340万张卡片,扩大了总网络规模至1.4亿。
- 旅游需求回升:定位受益于2024年及以后旅游需求增加。
What Wall Street Will Be Focusing On
华尔街将关注的重点
As American Express reports Q2 earnings tomorrow, Wall Street analysts will focus on key metrics such as revenue and earnings growth, comparing them to previous quarters. They will be interested in the number of new card acquisitions and customer engagement trends, particularly among millennials and Gen Z.
随着美国运通报告Q2业绩,华尔街分析师将关注关键指标,如营业收入和盈利增长,将其与前几个季度进行比较。他们将关注新增卡片采购量和客户参与趋势,特别是千禧一代和Z一代人群。
Updates on the company's digital transformation initiatives, including digital payment solutions and tokenization, will be closely watched.
公司数字化转型倡议的最新动态,包括数字支付解决方案和令牌化,将受到密切关注。
Analysts will also look for signs of increased travel-related spending, expense management efficiency, and forward-looking guidance from CEO Stephen Squeri.
分析师还将寻找首席执行官Stephen Squeri关于旅游相关开支增加、费用管理效率和前瞻性指引的迹象。
Let's look at what the charts indicate for American Express stock, and how the stock currently maps against Wall Street estimates.
让我们来看看美国运通股票的图表所示趋势以及目前的股票持有情况是否符合华尔街的预期。
Strongly Bullish Trend Ahead Of Q2 Earnings
Q2业绩公布前的强势看好趋势
American Express is exhibiting a strongly bullish trend, as its share price is above the 5, 20, and 50-day exponential moving averages, indicating slight buying pressure.
美国运通股票呈现出强势看好趋势,股价高于5、20和50日指数移动平均线,表明略微的买进压力。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-ae0383fb15b89635249be728243950e8-0-d522748f3e60ca16228ab646da7fc9fb.png/big)
Chart created using Benzinga Pro
使用Benzinga Pro创建的图表
Currently, AXP is trading at $249.96, well above its 8-day simple moving average of $243.45, which is a bullish signal.
目前,AXP的交易价格为249.96美元,远高于其8日简单移动平均线的243.45美元,这是一个看好的信号。
Similarly, the stock is above its 20-day SMA of $236.79 and its 50-day SMA of $236.08, both suggesting bullish momentum. The share price also surpasses the 200-day SMA of $202.50, reinforcing the bullish outlook.
同样,该股票高于其20日SMA的236.79美元和50日SMA的236.08美元,两者均表明看涨势头。股价还超过了200日SMA的202.50美元,进一步支持看涨前景。
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240718/0-ae0383fb15b89635249be728243950e8-1-5ac082fd5b4df139ba430ea4e6d0b54b.png/big)
Chart created using Benzinga Pro
使用Benzinga Pro创建的图表
The Moving Average Convergence Divergence (MACD) indicator stands at 4.09, further suggesting a bullish trend for American Express.
移动平均收敛/发散(MACD)指标为4.09,进一步表明美国运通的看涨趋势。
However, the Relative Strength Index (RSI) is at 75.88, indicating that the stock is overbought.
然而,相对强弱指数(RSI)为75.88,表明该股票超买。
The Bollinger Bands also provide bullish signals, with the 25-period bands ranging from $219.57 to $249.58. Overall, the technical indicators support a bullish stance on AXP despite the overbought RSI.
布林带也提供了看涨信号,25个周期的带子范围为219.57美元至249.58美元。总体而言,技术指标支持对AXP的看涨态度,尽管RSI超买。
Read Also: How To Earn $500 A Month From American Express Stock Ahead Of Q2 Earnings
阅读更多:如何在美国运通二季度收益公布前从股票中赚取500美元
Ratings & Consensus Estimates: The consensus analyst rating on American Express stock stands at a Buy currently with a price target of $216.03. Compass Point, Jefferies, and Barclays released their most recent ratings for American Express Co on July 16, 2024, and July 9, 2024. They have set an average price target of $239.33, implying a -4.40% downside for the stock.
评级和共识预测:分析师对美国运通股票的共识评级当前为买入,目标价为216.03美元。Compass Point、Jefferies和巴克莱银行在2024年7月16日和2024年7月9日公布了它们对美国运通公司的最新评级。他们设定的平均目标价为239.33美元,意味着股票的下行风险为-4.40%。
AXP Price Action: American Express stock was trading at $250.34 at the time of publication.
AXP行情:在本文发布时,美国运通股票价格为250.34美元。
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Image: Shutterstock
图片:shutterstock