Summary of Jay Cooke Insights (2024-07-19)
AInvestSaturday, Jul 20, 2024 2:04 am ET
1min read
AXP --
TRV --

· Travelers reported strong Q2 EPS of $2.51 per share, beating consensus estimates by 50 cents. Revenues rose 11.7% YoY to $11.28 billion, slightly missing expectations. The company experienced significant catastrophe losses, driving a 7% stock decline. Key support levels at $200 and $196 are crucial for the stock's future performance. Despite this, Travelers' underlying fundamentals remain strong, driven by improved underwriting and investment performance. The Travelers Companies(TRV)

Link: https://www.ainvest.com/news/traveler-s-slides-7-important-support-comes-into-play-2407101095e8a0af97052ce7

· American Express reported strong Q2 earnings, exceeding expectations, driven by increased net interest income, higher card spending and fee growth. Despite the miss in revenue, shares fell 1.5% due to broader market dynamics. The company's solid results and strategic investments indicate a positive trajectory for continued growth. The stock is set to test its 10-day moving average ($242), with potential entry point at the convergence area ($236-237) for investors with a longer-term outlook. American Express(AXP)

Link: https://www.ainvest.com/news/american-express-slides-2-following-top-line-miss-does-pullback-present-a-buying-opportunity-24071010973f132e6065635e

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.