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Intercontinental Exchange May Average Daily Volume Declines
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Intercontinental Exchange, Inc.’s (ICE - Free Report) average daily volume (ADV) in May decreased 3.8% to 5.1 million primarily due to lower Financial ADV. However, higher Commodities ADV and Energy volume partially offset the decline. The company reported 9.9% year-over-year decrease in Financials volume that reduced to 1.9 million contracts per day.
With 20 trading days in May, Agriculture and Metals ADV of 0.3 million contracts decreased 18.3% year over year. Energy volume improved 3% to 2.9 million contracts per day. Commodities ADV increased nearly 0.2% to 3.2 million in the month.
Interest rate volume decreased 10.7% to 1.6 million contracts per day whereas Equity Index volume decreased 8.6% to 0.3 million contracts. Foreign exchange volume was up 42.1% to nearly 0.02 million contracts.
Shares of this Zacks Rank #2 (Buy) company have outperformed the industry in the past year. The stock has rallied 14.6% compared with the industry’s increase of 10.1%. The company’s product portfolio, along with a broad range of risk management services, strategic buyouts and a robust capital position will likely help the stock retain its growth momentum.
Recently, Nasdaq (NDAQ - Free Report) reported mixed volumes for the month of May. While U.S. equity options volume increased 17.5% year over year to 181 million contracts, European options and futures volume decreased 37.9% year over year to 5.4 million contracts.
MarketAxess Holdings’ (MKTX - Free Report) trading volume for May 2020 of $519.7 billion consisted of $229.3 billion in credit volume and $290.5 billion in rates volume.
CME Group Inc. (CME - Free Report) reported soft ADV for May 2020. Average daily volume of 17.9 million contracts per day was down 25% year over year attributable to lower volumes in five of the six product lines.
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
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Intercontinental Exchange May Average Daily Volume Declines
Intercontinental Exchange, Inc.’s (ICE - Free Report) average daily volume (ADV) in May decreased 3.8% to 5.1 million primarily due to lower Financial ADV. However, higher Commodities ADV and Energy volume partially offset the decline. The company reported 9.9% year-over-year decrease in Financials volume that reduced to 1.9 million contracts per day.
With 20 trading days in May, Agriculture and Metals ADV of 0.3 million contracts decreased 18.3% year over year. Energy volume improved 3% to 2.9 million contracts per day. Commodities ADV increased nearly 0.2% to 3.2 million in the month.
Interest rate volume decreased 10.7% to 1.6 million contracts per day whereas Equity Index volume decreased 8.6% to 0.3 million contracts. Foreign exchange volume was up 42.1% to nearly 0.02 million contracts.
Shares of this Zacks Rank #2 (Buy) company have outperformed the industry in the past year. The stock has rallied 14.6% compared with the industry’s increase of 10.1%. The company’s product portfolio, along with a broad range of risk management services, strategic buyouts and a robust capital position will likely help the stock retain its growth momentum.
Recently, Nasdaq (NDAQ - Free Report) reported mixed volumes for the month of May. While U.S. equity options volume increased 17.5% year over year to 181 million contracts, European options and futures volume decreased 37.9% year over year to 5.4 million contracts.
MarketAxess Holdings’ (MKTX - Free Report) trading volume for May 2020 of $519.7 billion consisted of $229.3 billion in credit volume and $290.5 billion in rates volume.
CME Group Inc. (CME - Free Report) reported soft ADV for May 2020. Average daily volume of 17.9 million contracts per day was down 25% year over year attributable to lower volumes in five of the six product lines.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>