American Express: booming shops and strong stock before Christmas!

American Express: booming shops and strong stock before Christmas!

Kulmbach, Deutschland - The American Express share is in top form! According to Tim Temp from the investor magazine "The Shareholder", the impressive run of the share could continue to stop due to extremely attractive framework conditions. Investors make their profits before the weekend after the US exchanges have shot up since Donald Trump's election victory. But the mood has received a damper: stronger than expected producer prices in October and the statements of US Federal Reserve chief Jerome Powell, who sees no hurry in interest rate cuts, have influenced the markets. While tech titles suffer from this, financial values such as American Express benefit.

strong business and Christmas boom

American Express, together with Visa and Mastercard, one of the leading credit card providers worldwide, experiences a real boom! The American consumers are still in a cropping mood, and the upcoming Christmas business promises high sales. The latest figures underpin this trend: a increase in sales of eight percent compared to the previous year and an impressive currency -clear increase of around 10 percent! The claims towards the card customers remained almost unchanged, while the total loans increased by 15 percent - this ensures stable income, since these credit card debt are billed with high interest rates.

The profit per share has also increased by six percent. The framework conditions are still favorable, and the GD50 on the $ 270 brand offers the bull additional tailwind. Tim Temp sees a reset as an ideal entry opportunities for investors. The American Express share could continue to stay in the fast lane!