Time to buy American Express (AXP Stock)? [Video]

Giles Coghlan LLB, Lth, MA Financial Source

American Express is an American financial company that is a multinational corporation specialising in payment cards. Financial companies like American Express typically gain when interest rates rise.

The shares are entering a strong time of the year. From April 9 through to May 2 the shares have gained 19 times in the last 25 years. The average return has been +5.40% over the last 25 years with a 131.18% annualised growth rate.

Will American Express shares launch higher next week?

Major Trade Risks: The main risk to this trade is any very negative news for the stock.

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Author

Giles Coghlan LLB, Lth, MA

Financial Source

Giles is the chief market analyst for Financial Source. His goal is to help you find simple, high-conviction fundamental trade opportunities. He has regular media presentations being featured in National and International Press.

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