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 09 through to may 02 the shares have gained sixteen times in the last twenty years. The average return has been +5.94% over the last 20 years with a 149.76% annualised growth rate.
Will American Express shares launch higher next week?
Trade Risks: The main risk to this trade is the stagflationary fears which tend not to benefit financial companies as growth slows and that reduces consumer spending.