Wall Street Slightly Lower as Q4 Earnings Begin; Silver Surges Past $90
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- Silver Price Surge: Spot silver prices surpassed $90/ounce for the first time this week, driven by softer U.S. inflation data that reinforced expectations for Federal Reserve rate cuts, potentially stimulating investment demand and market activity.
- TSMC Strong Earnings: Taiwan Semiconductor reported a net profit of NT$506 billion (approximately $16 billion) for Q4 2023, a 35% year-over-year increase that exceeded analyst expectations, demonstrating robust performance in the semiconductor industry and confidence in future investments.
- Credit Card Stocks Decline: Shares of credit card companies such as Capital One, American Express, Visa, and Mastercard fell sharply after President Trump proposed a 10% cap on credit card interest rates, reflecting market concerns over potential policy changes.
- L3Harris Stock Rise: L3Harris Technologies shares surged after announcing a $1 billion investment from the U.S. Department of Defense to enhance solid rocket motor production capacity, with plans to take its Missile Solutions unit public in the second half of 2026, indicating growth potential in the defense sector.
Analyst Views on AXP
Wall Street analysts forecast AXP stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AXP is 351.42 USD with a low forecast of 280.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
7 Buy
12 Hold
2 Sell
Hold
Current: 357.370
Low
280.00
Averages
351.42
High
400.00
Current: 357.370
Low
280.00
Averages
351.42
High
400.00
About AXP
American Express Company is a globally integrated payments company with card-issuing, merchant-acquiring and card network businesses. It offers products and services to a range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. Its segments include U.S. Consumer Services (USCS), Commercial Services (CS), International Card Services (ICS) and Global Merchant and Network Services (GMNS). USCS offers travel and lifestyle services as well as banking and non-card financing products. CS offers payment and expense management, banking and non-card financing products. ICS provides services to international customers, including travel and lifestyle services, and manages certain international joint ventures and its loyalty coalition business. GMNS operates a payments network that processes and settles card transactions, acquires merchants and provides multichannel marketing programs and capabilities, services and data analytics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
