We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
American Express Refurbishes Gold Card, Expands Services
Read MoreHide Full Article
American Express Company (AXP - Free Report) has announced a refreshed version of its popular Premier Rewards Gold Card. The new card will be called the American Express Gold Card.
This card is aimed at members who frequently travel and dine out. The cards will reward members with four times Membership Reward points at U.S. supermarkets and restaurants. These cards also provide more travel-related benefits in the form of increased reward points on flights booked directly with airlines and amextravel.com; $100 airline fee credit; hotel collection in which card members will get hotel credit and other value added services; and personalized travel service.
The recent efforts show the company’s consistent attempt toward strengthening relationships with current customers and attracting new ones, through innovative products and services.
The recent step is in sync with one of the company’s strategic requirements to expand its leadership in the premium consumer space worldwide.
American Express provides its card members with global access to exclusive services and experiences. It continues to expand the global range of these offerings and recently announced the expansion of its Centurion Lounges with new openings scheduled in Los Angeles and Denver, and a second one at JFK in New York.
The most recent reward offering is expected to increase the company’s card member services cost, which is already its fastest-growing expense line. The increase reflects higher engagement levels across its premium travel services, including airport lounge access and cobrand benefits such as first bag free on Delta as well as usage of the new Uber benefit on platinum.
We expect cost of card member services to stay at elevated levels as American Express continues to offer differentiated benefits and plans to continually invest in Card Member Services.
In a year's time the stock of the company has gained 18% compared with the industry's decline of 8%.
American Express carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Euronet Worldwide, Inc. (EEFT - Free Report) , On Deck Capital, Inc. and Safety, Income and Growth, Inc. (SAFE - Free Report) . Each of these stocks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Euronet Worldwide beat estimates in two of the four reported quarters with an average positive surprise of 0.38%.
On Deck Capital posted better-than-expected earnings in three of the trailing four reported quarters with an average positive surprise of 58.3%.
Safety, Income and Growth has seen the Zacks Consensus Estimate for current-year earnings being revised 2.7% upward over the last 30 days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
American Express Refurbishes Gold Card, Expands Services
American Express Company (AXP - Free Report) has announced a refreshed version of its popular Premier Rewards Gold Card. The new card will be called the American Express Gold Card.
This card is aimed at members who frequently travel and dine out. The cards will reward members with four times Membership Reward points at U.S. supermarkets and restaurants. These cards also provide more travel-related benefits in the form of increased reward points on flights booked directly with airlines and amextravel.com; $100 airline fee credit; hotel collection in which card members will get hotel credit and other value added services; and personalized travel service.
The recent efforts show the company’s consistent attempt toward strengthening relationships with current customers and attracting new ones, through innovative products and services.
The recent step is in sync with one of the company’s strategic requirements to expand its leadership in the premium consumer space worldwide.
American Express provides its card members with global access to exclusive services and experiences. It continues to expand the global range of these offerings and recently announced the expansion of its Centurion Lounges with new openings scheduled in Los Angeles and Denver, and a second one at JFK in New York.
The most recent reward offering is expected to increase the company’s card member services cost, which is already its fastest-growing expense line. The increase reflects higher engagement levels across its premium travel services, including airport lounge access and cobrand benefits such as first bag free on Delta as well as usage of the new Uber benefit on platinum.
We expect cost of card member services to stay at elevated levels as American Express continues to offer differentiated benefits and plans to continually invest in Card Member Services.
In a year's time the stock of the company has gained 18% compared with the industry's decline of 8%.
American Express carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Euronet Worldwide, Inc. (EEFT - Free Report) , On Deck Capital, Inc. and Safety, Income and Growth, Inc. (SAFE - Free Report) . Each of these stocks carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Euronet Worldwide beat estimates in two of the four reported quarters with an average positive surprise of 0.38%.
On Deck Capital posted better-than-expected earnings in three of the trailing four reported quarters with an average positive surprise of 58.3%.
Safety, Income and Growth has seen the Zacks Consensus Estimate for current-year earnings being revised 2.7% upward over the last 30 days.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>