American Express Co
Wall Street analysts back these ‘safe-haven’ consumer stocks to outperform — even if spending slows
The state of consumer spending in the U.S. is tricky to call right now . On the one hand, inflation is hitting some consumers hard. The University of Michigan Consumer Sentiment Index fell to an all-time low in June, although it slightly improved in July, data on Friday showed. The Bureau of Economic Analysis reported […]
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Consumer spending is slowing, but there are still pockets of strength in these three sectors
Despite new signs of slowing consumer demand, pockets of strength remain in travel, payments and autos. Hilton on Wednesday topped analysts’ second-quarter estimates and raised its full-year outlook, saying it remained optimistic there would be strong travel demand for the rest of the year. On Thursday morning, Southwest Airlines reinforced this view as it beat […]
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Walmart’s slashed profit outlook sends warning about state of the American consumer
A Walmart Inc. logo is displayed on a sign that reads “Everyday Low Price” at a store in Burbank, California, U.S., on Tuesday, Nov. 26, 2019. Patrick T. Fallon | Bloomberg | Getty Images Shares of retailers including Macy’s, American Eagle and Amazon fell Tuesday, a day after Walmart slashed its profit forecast and warned […]
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Our confidence in Costco is not shaken by Walmart’s woes. Here’s why
We continue to believe in Costco, even as retailers like Walmart warn of profit erosion ahead. Source
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4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. Source
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Stocks making the biggest moves midday: Snap, American Express, Verizon, Seagate and more
Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as growth in travel and entertainment spending helped American […]
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3 takeaways from the Investing Club’s ‘Morning Meeting’ on Friday
We look ahead to our busiest week for earnings, including reports from Apple, Meta, Amazon and Google. Source
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Travel spending is back, and it’s not just consumers, American Express earnings show
Spending on travel and entertainment came roaring back in the second quarter, and it wasn’t just consumers making the purchases, according to the latest results from American Express . The company said consumer spending in the category topped pre- Covid pandemic levels for the first time in April. Notably, there also was a significant uptick […]
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Stocks making the biggest moves premarket: American Express, Verizon, Twitter and more
Check out the companies making headlines before the bell: American Express (AXP) – American Express rallied 4.5% in the premarket after beating top and bottom line estimates for the second quarter. Card members registered record spending, driven by a rebound in travel and entertainment. Verizon (VZ) – Verizon fell 4.4% in the premarket after adjusted […]
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Here’s Jim Cramer’s advice to navigate this uncertain earnings season
Earnings season is entering full swing on Wall Street, and CNBC’s Jim Cramer said Monday that investors would be wise to take a wait-and-see approach toward shares of companies that are about to report quarterly numbers. “In this environment, it’s always going to be fragile on the upside and easy on the downside, because the […]
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