American Express, Charles Schwab, Honda: U.S. Equity Preview
Nov. 16 (Bloomberg) — The following companies may have unusual price changes in U.S. trading tomorrow. Stock symbols are in parentheses, and share prices are as of 5:30 p.m. in New York on Nov. 14, unless otherwise specified.
Standard & Poor’s 500 Index futures expiring in December lost 46.20, or 5.1 percent, to 861.50. Dow Jones Industrial Average futures fell 459, or 5.2 percent, to 8,371. Nasdaq-100 Index futures slipped 79, or 6.4 percent, to 1,155.50.
American Express Co. (AXP:US): The credit-card company may rise to $30 a share during the next year as it remains “solidly profitable” and attracts investors such as Warren Buffett, Barron’s reported, without citing anyone. American Express fell 79 cents to $19.99 on Nov. 14.
Charles Schwab Corp. (SCHW:US): The discount brokerage may rise once the financial market stabilizes, as its steady revenue stream and lean cost structure make the stock more resilient than other brokerages, Barron’s reported, without citing anyone. Schwab fell $1.28, or 7.2 percent, to $16.61 in trading on Nov. 14.
Colgate-Palmolive Co. (CL:US): The consumer products company may rise to $79 as its brand power and lower commodity prices help it improve earnings, Barron’s reported, citing Lauren DeSanto, an equity analyst at Morningstar Inc. Colgate shares fell $1.64, or 2.6 percent, to $62.06 in Nov. 14 trading. more