Alright, so AXP is trading at 301.91 and honestly, this thing has been on more rollercoasters than a Six Flags season pass holder. Go back to last summer and it was mooning into the mid-300s, hit 381 not that long ago, then faceplanted right back to just under 300. Classic boomer card company move—just when you think it’s unstoppable, it finds a banana peel.

But I’m actually bullish here, and not just because my uncle still flexes his Amex Platinum at every dinner. There’s support around the current level and every time it dips under 300 lately, it’s snapped back hard. Consumer spending isn’t falling off a cliff yet (which is wild, considering rents) and AXP is still finding new high-income Gen Z and millennial customers who apparently love points more than rent money. Also, earnings are coming up in a few weeks and this name loves to surprise to the upside when Wall Street goes all “recession incoming” mode. Target: 357.00 (let’s not get too greedy, there’s resistance up there and I’m not trying to be a bagholder if we get another rug pull).

Risk? Well, if the Fed actually decides to go hard with a rate hike or we get slapped with some consumer spending miss, AXP could absolutely just sit flat or even trend lower. Not gonna sugarcoat it—this one can chop sideways for months and make you question every life choice. But as a short-term trade, the setup isn’t bad.

The big thing I’m watching is their guidance in the next earnings call. If they raise the full-year, people will fomo back in. If not, I’ll probably just tap out at break-even and pretend I never posted this. 🤷‍♂️