EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stock Under $10 that he thinks could potentially double or triple in the next 6 to 12-months. See what he's trading today with a 14-day FREE pass.

Reprint Email

TheStreet Wire

Dow Today: American Express (AXP) Lower

By TheStreet Wire 08/09/12 - 12:00 PM EDT

Find out if (AXP) is in Cramer's Portfolio.

The Dow Jones Industrial Average (^DJI) is trading down 41.0 points (-0.3%) at 13,134 as of Thursday, Aug 9, 2012, 11:35 a.m. ET. During this time, 170.4 million shares of the 30 Dow components have changed hands vs. an average daily trading volume of 669.3 million. The NYSE advances/declines ratio sits at 1,536 issues advancing vs. 1,317 declining with 156 unchanged.

ACTIVE STOCK TRADERS: Check out TheStreet's special offer for Real Money, headlined by Jim Cramer, now!

Holding back the Dow today is American Express (NYSE:AXP), which is lagging the broader Dow index with a $1.04 decline (-1.8%) bringing the stock to $56.87. This single loss is lowering the Dow Jones Industrial Average by 7.87 points or roughly accounting for 19.2% of the Dow's overall loss. Volume for American Express currently sits at 2.1 million shares traded vs. an average daily trading volume of 5.4 million shares.

American Express has a market cap of $65.34 billion and is part of the financial sector and financial services industry. Shares are up 22.8% year to date as of Wednesday's close. The stock's dividend yield sits at 1.4%.

American Express Company provides charge and credit payment card products, and travel-related services to worldwide. The company has a P/E ratio of 13.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates American Express as a buy. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, increase in net income, revenue growth, notable return on equity and solid stock price performance. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

You can view the full American Express Ratings Report.

For more information on Dow Jones Industrial Average click any of the following:

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:

$2.5+ million portfolio
Large-cap and dividend focus
Intraday trade alerts from Cramer
Weekly roundups

Dividend Stock Advisor

TRY IT FREE

New! $49.95/yr

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:

Diversified model portfolio of dividend stocks
Alerts when market news affect the portfolio
Bi-weekly updates with exact steps to take - BUY, HOLD, SELL

Stocks Under $10

TRY IT FREE

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:

Model portfolio
Stocks trading below $10
Intraday trade alerts
Weekly roundups

Real Money

TRY IT FREE

24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.

Product Features:

Jim Cramer + 20 Wall Street pros
Intraday commentary & news
Real-time trading forum
Actionable trade ideas

Real Money Pro

TRY IT FREE

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:

Real Money + Doug Kass + 15 more Wall Street Pros
Intraday commentary & news
Ultra-actionable trading ideas

Options Profits

TRY IT FREE

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.