AXP-American Express Earnings | Stocks to Trade 7-19-17

AXP-American Express Earnings

AXP-American Express Earnings Report 7-19-17

American Express (AXP) Q2 Earnings Set to Beat: Here’s Why

We expect American Express Co. AXP to beat expectations when it reports second-quarter results on Apr 19, before market opens. Why a Likely Positive Surprise? Our proven model shows that American Express has the right combination of the two key ingredients to beat earnings estimates. 

We expect American Express’ second-quarter results to showcase the benefits of its cost reduction efforts over the last couple of years. Continued return of significant capital to shareholders through its dividend and share buyback programs will aid bottom line.

nasdaq.com/american-express

Why American Express (AXP) Might Surprise This Earnings Season

Investors are always looking for stocks that are poised to beat at earnings season and American Express Company (AXP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report. That is because American Express is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat.

After all, analysts raising estimates right before earnings—with the most up-to-date information possible—is a pretty good indicator of some favorable trends underneath the surface for AXP in this report.

zacks.com/axp-earnings

Earnings Preview: What To Expect From American Express On Wednesday

American Express is scheduled to report earnings after Wednesday’s close. The stock hit a record high of $96.24/share in 2014 and is currently trading near $85/share.The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down.

To help you prepare, here is what the Street is expecting:American Express is expected to earn $1.46/share on $8.12 billion in revenue. Meanwhile, the so-called Whisper number is $1.49. The Whisper number is the Street’s unofficial view on earnings.

forbes.com/axp

AXP-American Express Chart Before Earnings 7-19-17

AXP-American Express Chart Before Earnings 7-19-17

40 Lessons From My Trading Journal 2000-2015

Trading advice is easy to get. Everyone has an opinion.

The key to moving forward as a successful trader is implementing trading advice that matters to your unique experience.

This is why the best advice you will ever receive, is from yourself. The quickest path to success begins with a brutal assessment of your progress.

Keep a trading journal religiously. It will end up as the most important trading book you ever read. My goal is not so much to give you specific ideas, but to give you a direction for what to expect and how to succeed.

Get All 40 Trading Ideas from My Trading Journal — >>

On the Tape Today | 7-19-17

KSS Inside Day 7-19-17

KSS Inside Day 7-19-17

Retail took a breather yesterday. Macy's, Kohl's, Foot Locker, Target and Kors all traded into inside days. Game planning a breakout of the consolidation and a trend day. Not calling direction but an increase in volatility.

Looking for a trend and close near the high or low. Keep all of them in a watch list today and be ready for a day trade/position trade to hold into the close.

 VISIT THE PODCAST ARCHIVE == >>

SPY ETF Chart 7-19-17

SPY ETF Chart 7-19-17

Lessons in Professional Trading

The SPY ETF has now closed above the open proce for eight consecutive days.

Price action that is incredibly hard to sustain without the aid of a significant catalyst. The reason I bring this up is trading probabilities and trading aggressiveness. Probabilites and the odds of it continuing, and how those odds affect your trade management.

Trading aggressiveness as in the conviction in your decisions. Two days ago we called a saturation point in the stock market, specifically the SPY ETF. This was not meant to call a top, but to alert you to likely profit-taking. If stocks reach a value area, you should not be the last person buying.

Hence the aggressiveness of your decision to be a buyer should have been much lower.

Today presents a similar situation but we need to clarify the play. If the stock market opens flat, to slightly positive, AND trades higher out of the open, the odds of price action staying above the open, are low. Learn to put these pieces together and you become a tape reader.

Chart readers struggle because the focus is on patterns and price. Tape readers focus on order flow, momentum, volume AND the odds of continuation–which identifies opportunity, or when to step aside.

Order flow is the key. Ask yourself this question” “How much money was committed to this idea?” How many days, weeks and months has order flow been obvious. Then drill down to the saturation point. Ask yourself, if you were a hedge fund… Is the catalyst strong enough for a ninth day?

Is it possible we close above the open again? Yes. Is it likely. No.

You have the pieces. Now create a game plan for today with your if-then scenarios. That’s professional trading…

Have a great day.
Pete

Stock Market Today:

Stock Market Sector Performance on 7-18-17

Stock Market Sector Performance on 7-18-17 by finviz.com

Stocks to Trade | 7-19-17 Wednesday Edition

SHORT-TERM MOMENTUM

Bullish Momentum: NFLX, RH, AAOI, JD, FSLR, SHOP, MOMO, WB, PYPL, FB, TTWO, JNJ, NVDA

Bearish Momentum: crzo, bhge

ORDER FLOW

Bullish Order Flow: AAOI, RH, CC, NFLX, BABA, MOMO, NOW, NVDA, AMGN, BIDU, WDC, FB, DLPH, LRCX, ADBE, AVGO, BA, AAPL, TSO, BA, AMZN, AET

Bearish Order Flow: hog, apc, dks, slca, lb, tsco, cost, fl, rost, tjx, khc

Double Normal Volume: HOG, NFLX

Inside Day: aapl, gild, m, nem, tgt, kss, azn, oxy, bsx, cl, dhr, ups, fl, esrx, adm, kors

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