AXP Earnings American Express
It seems overly anxious to argue that American Express (NYSE:AXP) stock needs big first-quarter results. After all, American Express stock is doing just fine, even if it’s been quiet.
AXP stock did dip sharply in December, but it’s recovered those losses. Over the last year, American Express stock has gained nearly 17%, and it has more than doubled in the last three-plus years.
Honeywell beats profit estimates, raises full-year forecast
(Reuters) – Honeywell International Inc on Thursday reported a better-than-expected quarterly profit and raised it full-year financial forecast as a boom in air travel drove demand for its aircraft parts used in the commercial airline industry.
The company now expects 2019 sales of $36.5 billion and $37.2 billion, up from $36.0 billion to $36.9 billion. Profit forecast was raised to a range of $7.90 to $8.15 from a range of $7.80 to $8.10 per share.
There’s a hard-fought battle going on in your head with every trade you place…
You want profits but you don’t like risk.
The balance between risk and reward is the key to long-term success in the stock market. A key question that MUST be considered before each trade is this:
“Does the potential reward justify the risk?”
It’s easy to come up with risk/reward numbers and proudly say “I never take trades with reward to risk of 3-1!”
Sounds good. But in reality the risk reward is only part of the equation for success. What are the ODDS of achieving the reward? Picking random numbers for r/r is a false sense of outcome.
Setting up good trades comes first, the risk/reward comes after.
Most traders don’t know how to find good trades, so they lower their risk. They trade low priced stocks because they are “safer.” Yes they will move less, so your risk is less, but so is your profit potential.
You won’t lose much, but you won’t make much either.
Today’s video explains how to prepare to accept risk, in exchange for the potential profits.
Feel free to leave a comment if you have any questions.