Forex Optimum - Analytics

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    Isn’t it time for us to go on vacation?

    March 10, 2016 - 10:35am

    The Travelers Companies, Inc (TRV) is the American insurance company. It is the second business insurer and third insurer of natural persons in the USA.

    Initially there were two companies. Saint Paul Fire and Marine Insurance Co. was established in 1853 to help the residents of the Middle West of the USA get payments of insurance from companies in the eastern states. Travelers appeared ten years ago. The merger was only in 150 years, in 2004.

    The Travelers through its affiliates and about 14,000 independent agents and brokers provide insurance of commercial and private property and accident insurance for business, state agencies, associations and individual persons.

    The company has units in each state of the USA and carries out its activity in UK, Ireland, Singapore, China, Canada and Brazil.

    American Express (AXP) is a global company providing financial services. The famous products of the Company is credit cards, debit cards and travelers cheques. American Express cards are ones of the most popular cards following Visa and Mastercard.

    The Company carries out its activity through four segments:
    • card services in the USA;
    • international card services;
    • global commercial services;
    • global network and trade services.

    The company carries out its activity in more than 130 countries. In 2013 American Express took 51st place in the rating list of 100 best employers that is annually released by the Fortune company.

    How do those companies relate to each other? It is very simple! When going on vacation most people insure their property against various emergencies. In addition, when being on vacation, it is common to pay purchases with bank cards, not cash. Considering that everybody is preparing for vacation beforehand (buy tickets, book hotels, get certificates of insurance), those securities should be expected to grow within the next days.

    The shares of American Express (AXP) feature potential for growth to a level of 65.06 from the current level of 59.02, and The Travelers Companies, Inc (TRV) can fix to 114.49$. The current price of those securities is 111.30.

    The investment period for those shares can strongly vary. The first speculative growth will start in the next few days and the securities can reach the set goals by the next week-end. Further retention of positions is also relevant in the midterm.

     

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