Strong seasonals ahead for American Express
American Express is entering a strong time of year. Over the last 15 years, the stock has risen 14 times between April 19 and May 02. The largest return was +43.73% in 2009. The largest loss was -4.36% in 2018. The average return has been +5.78% over the last 14 years and the annualised return is a huge +397.17%.
Is now the time to buy American Express stocks as the stimulus cheques see major purchases? Earnings are due on the 24th of April, so this could be an ideal time to buy.
The American Express Company is a multinational financial services corporation headquartered at in the Financial District of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average.
Trade Risks: There is a growing risk that investors consider equity markets overbought and that could see a correction. It is hard to know when that correction will come, but investors need to be aware of the potential risk.