• support@capitalstreetfx.in     0124.400.4440

About Us

Capital Street Inter markets Limited is a Global Business Company (GBC1) incorporated and regulated by the Financial Services Commission, Mauritius. It is fully licensed and regulated by the FSC Mauritius, as a Full Services Investment Dealer....

Contact Info

  • 9th Floor, Ebene Tower, 52 Cybercity Ebene, Republic of Mauritius

  • +1-949-335-4314

  • support@capitalstreetfx.in

  • Sunday: Closed


    • Home
    • Trade Ideas
20:12 IST

In the Premarket trading session on Monday, American Express stock was trading at 132.45- lower by 2.66% as compared to its previous close.

The company reported fourth-quarter earnings after the market closed on Fiday. Stocks of American Express rose after the company reported better-than-expected earnings for the fiscal fourth quarter.

The company generated an EPS (excluding certain items) of $2.03 for the fourth quarter. The EPS was above the consensus estimates of $2.01. American Express brought in $11.36 billion in revenue for the quarter ended on 28th December. The revenue was also above the market expectation of $11.34 billion. The revenue from net card fee came in at 1.08 billion. The revenue from card fee was also above market expectation of 1.05%.

The CEO of the company Stephen Squeri said that performance of the company demonstrate the success of their strategy to drive profitable growth with sustainable development across the company.

The shares of the company have beaten the S&P 500 and Dow jones Industrial Average over the past 12 months. The company reported a net change of +31% in that time.

On the technical front, the market is trading above 5, 20 and 50-days moving averages. The market is above upper band of Bollinger band. The RSI and Scholastics suggests that market can move in the upward direction.

Overall Bias is positive and short-term trades can be initiated with below mentioned Stop Loss and Profit targets.

TRADE SUGGESTION- BUY @ 130.90, STOPLOSS @ 130.00 TARGET@ 132.90

Leave a Reply

Your email address will not be published.

Hi Please share contact detail & write any comments below, our team will try to call soon.