Hedgeye CEO Keith McCullough is adding American Express (AXP) to the short side of Investing Ideas. Below is a brief note.
A natural pair I like right now is MA Long vs. AXP Short. That means I'd buy MA on red days and short AXP on green days (which it is having today).
Here's Josh Steiner's recent summary point on AXP fundamentals:
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Pricing pressure continues to mount on AXP's core business as it bids to gain favor with merchants and defend its target market of affluent, high-income earners from the entrance of large issuers with capital to deploy and greater abilities to compete on rewards. |
Sell the bounce,
KM
