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Stock Market & Financial Investment News

News Breaks
January 10, 2013
16:08 EDTAXPAmerican Express sees $400M restructuring charge in Q4
The company sees in Q4 a $400 million restructuring charge, $287M after-tax, designed to contain future operating expenses, adapt parts of the business as more customers transact online or through mobile channels, and provide the resources for additional growth initiatives in the U.S. and internationally. A $342M expense, $212M after-tax, reflecting enhancements to the process that estimates future redemptions of Membership Rewards points by U.S. cardmembers. Approximately $153M, $95M after-tax, of cardmember reimbursements.
News For AXP From The Last 14 Days
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January 29, 2015
13:59 EDTAXPEarnings Preview: MasterCard to report amid foreign exchange worries
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January 28, 2015
07:59 EDTAXPSenate Homeland Security & Government Affairs Committee to hold a hearing
The Committee holds a hearing entitled, "Protecting America from Cyber Attacks: The Importance of Information Sharing" with EVP of American Express, Marc Gordon, VP of Microsoft, Scott Charney, EVP of Marsh & McLennan, Peter Beshar and Chief Security Strategist of FireEye, Richard Bejtlich, on January 28 at 2:30 pm. Webcast Link
January 27, 2015
14:09 EDTAXPAmerican Express to start business in Cuba, CNBC says
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08:37 EDTAXPMorgan Stanley says to buy American Express and Discover on post Q4 sell-off
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January 22, 2015
09:16 EDTAXPOn The Fly: Pre-market Movers
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January 21, 2015
18:27 EDTAXPOn The Fly: After Hours Movers
UP AFTER EARNINGS: eBay (EBAY), up 2.9%... United Rentals (URI), up 1.5%. ALSO HIGHER: Minerva (NERV), up 16.1% after reporting positive Phase 1 data with MIN-202... Endo (ENDP), up 3.1% after it was announced that Endo will replace Covidien in S&P 500 as of 1/26 close... Covidien (COV) is up 1%. DOWN AFTER EARNINGS: F5 Networks (FFIV), down 15.8%... Xilinx (XLNX), down 6.1%... Discover Financial Services (DFS), down 3.3%... American Express (AXP), down 2.2%. ALSO LOWER: BioMarin (BMRN), down 2.5% after filing to sell 7.25M shares of common stock... Kinder Morgan (KMI), down 1.9% after announcing that it will acquire Hiland Partners for approximately $3B and reporting fourth quarter results... Cisco (CSCO), down 1.4% after Bloomberg reported that Oracle's (ORCL) Ellison said that Oracle's new Virtual Compute Appliance is cheaper than Cisco's product.
16:28 EDTAXPAmerican Express plans several thousand job cuts this year, Bloomberg says
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16:17 EDTAXPAmerican Express down 1.5% after Q4 earnings report
16:12 EDTAXPAmerican Express plans to cut 'several thousand' jobs, Bloomberg says
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16:08 EDTAXPAmerican Express says Q4 reflects $719M gain on sale of investment in Concur
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16:04 EDTAXPAmerican Express reports Q4 EPS $1.39, consensus $1.38
Reports Q4 revenue net of interest expense $9.11B, consensus $8.53B.
15:27 EDTAXPNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include American Express (AXP), consensus $1.38; Kinder Morgan (KMI), consensus 34c; eBay (EBAY), consensus 89c; Discover Financial Services (DFS), consensus $1.30; Crown Castle (CCI), consensus $1.05; Crown Castle (SNDK), consensus $1.27; Xilinx (XLNX), consensus 61c; F5 Networks (FFIV), consensus $1.49; United Rentals (URI), consensus $2.07; Plexus (PLXS), consensus 72c; Boston Private Financial Holdings (BPFH), consensus 22c; Dolby Laboratories (DLB), consensus 38c; SLM (SLM), consensus 5c; East West Bancorp (EWBC), consensus 65c; Raymond James Financial (RJF), consensus 86c; BancorpSouth (BXS), consensus 32c.
15:17 EDTAXPAmerican Express January weekly 87 straddle priced for 2.2% movement into Q4
15:03 EDTAXPEarnings Preview: American Express to report results amid upbeat credit trends
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13:40 EDTAXPAmerican Express technical notes ahead of results
The shares have been trading largely in a range of $85 to $95 for the past year with the exception of the market dip last October. A breakout above $95 or a breakdown below $85 may therefore be important for gauging how shares will trade post-earnings. At the current price of $87.29, the $85 level is close by and on a disappointment may well best tested. Support below $85 is at $82.86 and $81.35. On a positive surprise, it would be a stretch for the stock to make it above the top of the range at $95 in one step. A failure to break out above $95 would leave the shares range-bound, but potentially with a new range, higher, low. Resistance levels to watch as potential upside objective are at $90.90, $93.30, and $95. On an extreme positive surprise a test of the 52-week high at $96.24 could take place. A breakdown below $85 would be longer-term bearish for price.
January 20, 2015
11:58 EDTAXPAmerican Express volatility increases into Q4 and outlook
American Express January weekly call option implied volatility is at 37, February is at 27, March is at 20; compared to its 26-week average of 21 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on January 21.

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