American Express(AXP) ZACKS·2025-01-29 18:01Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: American Express (AXP) - American Express currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Price Performance - Over the past week, AXP shares increased by 2.81%, while the Zacks Financial - Miscellaneous Services industry rose by only 0.1% [6] - In the last month, AXP's price changed by 6.82%, significantly outperforming the industry's 0.68% [6] - Over the past quarter, AXP shares have risen by 14.9%, and over the last year, they have increased by 55.3%, compared to the S&P 500's gains of 4.45% and 25.58%, respectively [7] Trading Volume - AXP's average 20-day trading volume is 2,354,050 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 8 earnings estimates for AXP have been revised upwards, while only 1 estimate was revised downwards, leading to an increase in the consensus estimate from 15.33 [10] - For the next fiscal year, 5 estimates have moved upwards with no downward revisions, indicating positive earnings momentum [10] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, AXP is recommended as a promising investment opportunity [12]