Credit card company American Express (AXP) releases quarterly earnings tomorrow after the bell. That leaves you one day to make your move. What’s the trade?
Pete Najarian says AXP is one of the top 10 holdings in the Financial Select Sector SPDR (XLF). He believes American Express will hit numbers out of the park!
Guy Adami thinks rising gas prices will help American Express, because drivers who fill up their tanks rarely have that much cash on them; instead they use their credit card.
Dylan Ratigan says the bottom line - the panel is bullish on American Express.
On APR 18, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Najarian Owns (AXP), (AAPL), (BAC), (BMY), (C), (CSX),(ENER), (XLF);(JPM), (NOK), (LUV); Bolling Owns (XOM)< (NMX), (ICE), (MPEL), (NMX) Gold, Silver, Natural Gas, Corn; Bolling Is Short Soybeans
Stacey Briere Gilbert is Chief Options Strategist/Head of Market Intelligence Research for Susquehanna Financial Group, LLLP. Ms. Gilbert does not cover individual securities, but does recommend trading strategies. An affiliate of Susquehanna Financial Group, LLLP is the NYSE Specialist in XLF.