Back to top

Nasdaq (NDAQ) Reports Mixed Volumes for May, Shares Rise

Read MoreHide Full Article

Nasdaq, Inc. (NDAQ - Free Report) has reported mixed volumes for May 2018. While the U.S. equity options volume increased 2.2% year over year to 140 million contracts, European options and futures volumes decreased 18.3% year over year to 7.6 million contracts. Shares inched up 0.2% in the last trading session.

Under its cash equities, Nasdaq’s U.S. matched equity volume in the month totaled 27.4 million shares, up 1.8% year over year. The European equity volume rose 3.8% year over year to $82 billion shares. Again, the U.S. Fixed income volume contracted 4.5% year over year to $1.6 billion whereas the European fixed income volume came in at 2.6 million contracts, up 13% year over year.

Nasdaq’s organic growth has been also aided by its strategy of accelerating its non-transaction revenue base inclusive of market technology, listing and information revenues. Prudent acquisitions have helped the company gain direct access to the Canadian equities market, expand its technology offering, fortify its Corporate Solutions business and improve its market surveillance techniques as well.

In fact, Nasdaq intensified its focus toward Market Technology and Information Services businesses, offering the biggest growth opportunities per the company’s developmental plans. The company also sets sights on its core special marketplace platform businesses but intends to lower capital resources for investment in business that fail to offer considerable growth for Nasdaq.  

In a year, shares of Nasdaq have surged 36.7%, outperforming the 29.7% rally of the industry. The stock has witnessed its 2018 and 2019 estimates being revised upward in the last 60 days. While the consensus mark for 2018 has been raised 1.7%, the same for 2019 moved 0.9% north.


 

 

This stock carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Recently, the securities exchanges namely, CME Group Inc. (CME - Free Report) , Intercontinental Exchange, Inc. (ICE - Free Report) and MarketAxess Holdings Ltd. (MKTX - Free Report) also reported their respective May volumes. While CME Group’s ADV of 20.1 million contracts per day improved 22% year over year, MarketAxess reported a trading volume of $141.2 billion. Plus, Intercontinental Exchange’s contracts per day averaged at 6.5 million, up 18.6% year over year.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>



More from Zacks Analyst Blog

You May Like

Published in