Payment Stocks & Earnings: American Express (AXP) Downgraded

The markets are mixed following hotter than expected PPI report. Scott Bauer, CEO of Prosper Trading Academy, discusses the PPI report, as well as payment stocks such as American Express (AXP), Mastercard (MA), and Visa (V). Daiwa Capital has downgraded American Express to neutral and announced a $180 price target. Daiwa Capital has also downgraded Mastercard to neutral and announces $385 price target. Finally, he previews Airbnb (ABNB) and DoorDash (DASH) earnings reports which will be released later today. Tune in to find out more.