Boiler Room: The Official Stock Market Discussion

[chineebai]

Oh shyt Apple broke 138

Only counts on a closing basis

 

[BlaxOps]

Next stop $180?

 

[Serious]

Take note:

Amex stock downgraded at Citi as recession fears loom

www.morningstar.com

Amex's premium customer base may be less prone to unemployment, but Citi worries these higher-income cardholders could still pull back on spending in a mild recession

American Express Co. caters to more affluent consumers, and the company has been upbeat in recent months about the way its business has held up amid challenging economic conditions.

But Citi Research analyst Arren Cyganovich has concerns about how the credit-card giant will weather the macroeconomic storm in a mild recession. He downgraded Amex shares (AXP) to sell from neutral Thursday, while cutting his price target to $130 from $159.

Amex customers may be "less susceptible to unemployment," but they have a tendency to pull back on spending during weaker economic times, according to Cyganovich.

"Our downgrade of American Express reflects our view that potential for lower billed business has not been fully contemplated by investors as spending volume in past recessions has turned negative," he wrote.

AMEX is people with money.

 

[BlaxOps]

Take note:

Amex stock downgraded at Citi as recession fears loom

www.morningstar.com

AMEX is people with money.

They got me back when I was younger. I had one just for the status, but I was paying $120 a year for their card. Looking back, I was such a dope.

 

[-DMP-]

I love me Amex blue preferred. 6%cash back on groceries is

 

[Serious]

• Walgreens earnings and revenue beat analysts’ expectations.
• Its profit outlook for the new fiscal year is largely in line with Wall Street’s projections.
• The company said it expects tough comparisons and the strong dollar to weigh on growth
• Walgreens Boots Alliance on Thursday exceeded fiscal fourth-quarter sales expectations, as the drugstore chain turns itself into a more health-care focused company..

Walgreens beats sales expectations, as it expands its health-care business

Walgreens' profit outlook for the new fiscal year is largely in line with Wall Street's expectations.

www.cnbc.com

Sucks that Walgreens has been up lately, because I wouldn't mind building a position. I'll look for a good entry point. Definitely want to support a black CEO when I can.

 

[chineebai]

Amex has the GOAT concierge and travel agents especially when you're overseas and need help.

 

[humminbird]

yeah I bought Amex during the pandemic so my cost basis is pretty low on it
plus I love the plat so fukk citi

 

[pete clemenza]

I love me Amex blue preferred. 6%cash back on groceries is

I have the Blue Cash Preferred as well. Good card. My cousin has the platinum but she had it hooked up to Apple Pay


I was like wtf and told her that you supposed to pull that metal beast out on the counter and let your nuts hang.. especially for the annual fee you're paying




-another ugly day market wise tho

 

[chineebai]

been saying since last year that rates will go up and continue to go up.

 

[chineebai]

What's up today? Energy.

 

[chineebai]

been calling for lots of H&S patterns in the past few weeks, pretty much all confirmed.

Tomorrow will be lots of bank ER before open. Thinking it's a decent risk/reward to get some lotto puts. Thinking they all have bond trading losses. Just my opinion, not trading advice. Earning are always 50/50.

 

[BlaxOps]

Nice gap fills. Wow.

 

[chineebai]

is it a coincidence that aapl is trying to test taht 138 level? No, I think not. See how it reacts here. So far rejected.

 

[chineebai]

remember its always riskier to short, manage your risk and set stops.

bears repeating, define your risk when shorting.