Is American Express (AXP) Expected to Post Impressive Earnings This Week?

We recently published a list of 10 Stocks Expected To Post Impressive Earnings This Week. In this article, we are going to take a look at where American Express Company (NYSE:AXP) stands against other stocks expected to post impressive earnings this week.

The earnings season is in full flow as we kick off the week with earnings from big names like Netflix and United Airlines. Most of the big names are expecting a positive earnings report with some even hitting 52-week highs in anticipation of the upcoming earnings.

The S&P is up 0.5% while the Dow is about to hit the 1% mark, reflecting the positive sentiment among the US traders.  We decided to compile a list of the top names scheduled to announce their earnings this week, looking at what was driving the optimism behind their earnings.

To come up with the list of 10 stocks expected to post impressive earnings this week, we only considered stocks with a market cap of over $30 billion that are scheduled to announce their earnings this week.

A close-up view of a payment terminal, capturing the sophistication of a payment network.

American Express Company (NYSE:AXP)

American Express Company (NYSE:AXP) is touching 52-week highs and the reasons are simple. American Express (NYSE:AXP) is about to report its Q4 performance and analysts expect a 16% bottom-line growth together with a 10% top-line growth. The expectations are indeed high, making it one of the most attractive earnings reports to look forward to this week.

Fundamentally, everything is going well for the company. It serves a customer base that is generally well-off and not afraid to spend more, it has a strong brand identity and a stock performance that keeps rewarding investors.

The only two things that investors need to worry about are a slowdown in consumer spending and high expectations. The slowdown doesn’t seem likely, so if the stock tanks after reporting an impressive quarter, it will most probably be the high expectations to blame.

Overall, AXP ranks 2nd on our list of stocks expected to post impressive earnings this week. While we acknowledge the potential of AXP as a leading AI investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as AXP but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article is originally published at Insider Monkey.