Technical Analysis – 27 January 2025

Shares closed at a high since December 2024 above 50dEMA. 5dEMA just crossed the 20dEMA and 50dEMA.
MACD is positive, RSI is constructive.
Long – Entry 126 Target 134 Stop 122

Shares closed at a high since November 2024 with more volume. 20dEMA is about to cross the 50dEMA.
MACD is positive, RSI is constructive.
Long – Entry 3.18, Target 3.38, Stop 3.08

Shares closed above the 50dEMA with an increase in volume. The 5dEMA is about to cross the 50dEMA.
RSI is constructive and MACD is positive.
Long – Entry 1.48, Target 1.60, Stop 1.42

American Express Co. (AXP)

4Q24 Adjusted Revenue: $17.18B, +8.7% YoY, in-line with estimates
4Q24 GAAP EPS: $3.04, beat estimates by $0.01
4Q24 Dividend: American Express declares $0.82/share quarterly dividend, 17.1% increase from prior dividend of $0.70; forward yield 1.01%.
FY25 Guidance: Expects revenue growth to be between 8.0% to 10.0%, midpoint of 9.0% above consensus of 8.18%; Expects GAAP EPS to be between $15.00 to $15.50, midpoint of $15.25 above consensus of $15.22.
Comment: American Express delivered stronger-than-expected earnings, driven by record-high card member spending. The company provided an improved FY25 guidance, though its revenue growth target remains slightly below its long-term goal of exceeding 10% annual sales growth. Key highlights included a 17% increase in the quarterly dividend to $0.82 per share, record annual card member spending, all-time high net card fee revenues, and the acquisition of 13 million new card members. Additionally, the company expanded its global merchant network by adding millions of new locations. However, fourth-quarter expenses exceeded expectations, offsetting gains from higher fee revenues. Moreover, consumer sentiment declined to 71.1 in January 2025, marking a three-month low and signaling potential consumption headwinds amid ongoing macroeconomic uncertainties. 1Q25 recommended trading range: $300 to $340. Neutral Outlook.

美国运通 (AXP)

24财年第四季度调整后营收：171.8亿美元，同比增长8.7%，符合预期。
24财年第四季度GAAP每股盈利：3.04美元，超出预期0.01美元。
24财年第四季度股息：美国运通宣布每股季度股息为0.82美元，较之前的0.70美元增长17.1%；远期收益率为1.01%。
25财年指引：预计营收增长在8.0%至10.0%之间，中点9.0%高于市场预期的8.18%；预计GAAP每股盈利在15.00至15.50美元之间，中点15.25美元高于市场预期的15.22美元。
短评：美国运通凭借创纪录的持卡人消费实现了超预期的盈利表现。公司发布了更为乐观的25财年指引，尽管其营收增长目标仍略低于其长期目标——超过10%的年销售额增长。关键亮点包括季度股息增长17%至每股0.82美元、创纪录的年度持卡人消费、历史新高的净卡费收入以及新增1300万持卡会员。此外，公司通过新增数百万个地点扩大了其全球商户网络。然而，第四季度支出超出预期，抵消了较高卡费收入带来的收益。此外，2025年1月消费者信心指数降至71.1，创三个月新低，表明在持续的宏观经济不确定性下，消费可能面临阻力。25财年第一季度建议交易区间：300至340美元。中性前景。

NextEra Energy, Inc. (NEE)

4Q24 Revenue: $5.39B, -21.5% YoY, miss estimates by $2.56B
4Q24 Non-GAAP EPS: $0.53, in-line with estimates
FY25 Guidance: Expects adjusted EPS to be from $3.45 to $3.70, midpoint of $3.575 below consensus of $3.68.
Long term Guidance: Expect 2026 adjusted EPS to be between $3.63 to $4.00, midpoint of $3.815 below consensus of $4.01; expects 2027 adjusted EPS to be between $3.85 to $4.32, midpoint of $4.085 below consensus of $4.35.
Comment: NextEra Energy reported weaker-than-expected revenue, but investor sentiment improved as the company outlined steps to capitalize on growing demand for power driven by artificial intelligence and data centers. The company announced a partnership with GE Vernova to develop natural gas power generation solutions, targeting support for data centers, reshoring of manufacturing, and industrial electrification. Additionally, NextEra Energy has initiated the process of reopening the Duane Arnold nuclear plant, Iowa’s only nuclear facility, marking a significant move toward enhancing its energy capabilities. Looking ahead, the company is well-positioned to benefit from robust customer growth in southern Florida, where its Florida Power & Light subsidiary serves approximately 6 million customers as a regulated utility. 1Q25 recommended trading range: $68 to $80. Positive Outlook.

NextEra Energy, Inc. (NEE)

24财年第四季营收： 53.9亿美元，同比下降21.5%，低于预期25.6亿美元。
24财年第四季Non-GAAP每股盈利： 0.53美元，符合预期。
25财年指引：预计调整后每股盈利为3.45至3.70美元，中点3.575美元低于市场预期的3.68美元。
长期指引：预计2026年调整后每股盈利为3.63至4.00美元，中点3.815美元低于市场预期的4.01美元；预计2027年调整后每股盈利为3.85至4.32美元，中点4.085美元低于市场预期的4.35美元。
短评：NextEra Energy公布的营收低于预期，但由于公司概述了利用人工智能和数据中心驱动的电力需求增长的措施，投资者情绪有所改善。公司宣布与GE Vernova合作开发天然气发电解决方案，旨在支持数据中心、制造业回流和工业电气化。此外，NextEra Energy已启动重新开放爱荷华州唯一核设施Duane Arnold核电站的进程，标志着其能源能力提升的重要一步。展望未来，公司在佛罗里达州南部拥有强劲的客户增长潜力，其子公司Florida Power & Light作为受监管的公用事业公司为约600万客户提供服务。25财年第一季度建议交易区间：68至80美元。积极前景。