NYSE Euronext

  • Exchanges Will Never Be Flawless

    By Hyuncha Cho - August 30, 2013 | Tickers: MSFT, NDAQ, NYX

    Welcome to the 21st century, where automation involves transitioning everyday responsibilities to computers. Recently, the NASDAQ OMX Group (NASDAQ: NDAQ) had a lot of negative backlash for shutting down the exchange for three hours.

    Talk about, difficulties in execution, right? Is this the new norm, and the answer is… of course. Remember – code is made by humans, and humans are prone to error, so it wouldn’t be surprising more »

  • Auctions the Next Hot Spot

    By Hyuncha Cho - August 30, 2013 | Tickers: EBAY, NYX, BID

    Sotheby’s (NYSE: BID) has to be one of the most compelling investment opportunities around, when considering the fact that it is only one of two major auction houses within the world for high-end collectible pieces of art.

    Why bother in an age of internet

    So, the idea of buying high-end art is sort of similar to poker at a casino. But instead, we associate high-end art purchases with “investing more »

  • This Exchange Has a Bright Future, But Expensive Shares

    By Matthew Frankel - July 30, 2013 | Tickers: CME, ICE, NDAQ, NYX

    CME Group (NASDAQ: CME) is the largest futures exchange in the world, providing exchange-traded derivative contracts on interest rates, stock indexes, foreign exchange, energy, commodities, and real estate. The company has done extremely well recently, with shares up almost 25% in the past three months, although revenues have been somewhat inconsistent in recent years. CME Group is set to report their second quarter earnings on Thursday, August 1, and I more »

  • Billionaire Tom Sandell’s Top Stock Picks

    By Meena Krishnamsetty - July 15, 2013 | Tickers: CPWR, KAR, NYX, PSX, SE

    In May, Sandell Asset Management, a hedge fund founded and managed by Tom Sandell, filed its 13F for the first quarter of 2013 with the SEC. This filing disclosed many of the fund’s long equity positions in U.S. stocks as of the end of March; while these holdings might be a bit out of date as a result, investors can still treat them as free initial investment ideas more »

  • Billionaire John Paulson's Top Moves

    By Marshall Hargrave - June 13, 2013 | Tickers: AU, FDO, NYX, S

    Billionaire John Paulson manages some $29 billion and runs the Paulson & Co. hedge fund. His hedge fund is one of the largest in the world, focused on merger, event and distressed strategies. Prior to founding Paulson & Co. in '94, John was managing director of M&A at now-defunct Bear Stearns. Outlined below are some of Paulson's interesting buys during the first quarter (check out Paulson's new picks).

    Gold more »

  • The Economic Recovery Should Help Out This Exchange

    By Matthew Frankel - April 23, 2013 | Tickers: CBOE, CME, NDAQ, NYX

    If you believe in the economic recovery as much as I do, you may want to think about investing in one of the exchanges.  A better economy means people make more money and invest more, giving more business to the exchanges that facilitate investment. 

    There are several ways to go with this, but my personal favorite is CME Group (NASDAQ: CME), the world’s largest futures exchange.  Not only is more »

  • A Special Situation Among Exchanges You Can Profit From

    By Mike Thiessen - April 18, 2013 | Tickers: CME, ICE, NYX

    Intercontinental Exchange (NYSE: ICE) entered into an agreement to merge with NYSE Euronext (NYSE: NYX) in December. The deal is on track, but still has some regulatory hurdles to overcome. In addition to potential benefits from the merger, ICE’s exposure to interest rate swaps can also lead to increased earnings power going forward.

    Acquisition of NYSE Euronext

    On the 4Q12 earnings call, management provided an update on the status more »

  • Goldman Sachs Generates Excitement As It Beats Earning Estimates

    By Alexander Cho - April 17, 2013 | Tickers: C, CME, FB, GS, TIP, JPM, KOL, NDAQ, NYX, SPY, DIA, GLD, USO, WFC

    Goldman Sachs has had another successful quarter as the company was able to grow both revenues and earnings at the same time. The company’s revenues have increased by 1% quarter-over-quarter, with revenues coming in at $10.09B. The company’s operating expense declined by 1% quarter-over-quarter. The company saw an improvement in net earnings of 7% quarter-over-quarter. The company’s results mirrored that of the other banks.

    Goldman Sachs more »

  • Special Situation Among Exchanges

    By Mike Thiessen - April 16, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    Intercontinental Exchange (NYSE: ICE) entered into an agreement to merge with NYSE Euronext (NYSE: NYX) in December. The deal is on track but still has some regulatory hurdles to overcome. In addition to potential benefits from the merger, ICE’s exposure to interest rate swaps can also lead to increased earnings power going forward.

    Acquisition of NYSE Euronext

    On the 4Q12 earnings call, management provided an update on the status more »

  • What's the Trade for This Trader?

    By Marshall Hargrave - April 7, 2013 | Tickers: CBOE, CME 130518C00060000, ICE, NDAQ, NYX

    Investors in NASDAQ OMX Group (NASDAQ: NDAQ) took a big hit this week, with the stock sinking almost 14% on the news that the trading platform company will purchase eSpeed. The company plans to shell out $750 million in cash plus another $450 million in contingent stock issuances to buy the U.S. Treasury electronic-based trading unit, eSpeed, from BGC Partners. 

    However, are the long-term benefits outweighing the short-term pressures more »

  • Billionaire Leon Cooperman’s High Upside Potential Picks

    By Meena Krishnamsetty - March 29, 2013 | Tickers: ASPS, ESRX, NYX, SLM, RIG

    One way to estimate a stock’s upside potential is by looking for a low PEG ratio, which incorporates both the P/E multiple and analyst expectations for earnings growth. While analyst projections are often too rosy, investors can at least treat the PEG ratio as a screen, and then do more research on appealing companies.

    We can also use our database of hedge fund 13F filings, which we use more »

  • 3 Financial Stocks That Are Headed Higher

    By Ryan Glosier - March 24, 2013 | Tickers: HHC, ICE, LM, NYX

    The stock market has staged a strong rally so far in 2013, and more gains could be on the way for investors. The market looks to be in a sweet spot, with the Federal Reserve and other central banks continuing to provide accommodative monetary policy, even as the economy strengthens and confidence returns. At the same time, equity valuations remain reasonable and deal activity has picked up during the first more »

  • Billionaire Leon Cooperman Shakes Things Up

    By Marshall Hargrave - March 20, 2013 | Tickers: AAPL, NYX, SD, S, WAG

    Billionaire Leon Cooperman grew up the son of a plumber living in the South Bronx. He worked his way through Hunter College, working as a Xerox quality control engineer. After getting his MBA from Columbia, Cooperman worked at Goldman Sachs for twenty five years before leaving in 1991 to start his hedge fund, Omega Advisors.

    Omega is now a multi-billion dollar hedge fund focused on value investing. The fund uses more »

  • Should You Drop These Investment Companies?

    By Chris Hodge - March 5, 2013 | Tickers: APO, NDAQ, NYX

    Investment companies are a crazy bunch. The entire nature of investing in an investment company is an exercise in meta that I dabble in only for the benefit of you, my gentle reader. Let's check out a few potentially solid ideas.

    The NASDAQ OMX Group (NASDAQ: NDAQ) is nice in that it is, in gambling terms, the house. So long as the NASDAQ in the US and eight European more »

  • Billionaire Tom Sandell’s New M&A Plays

    By Meena Krishnamsetty - February 25, 2013 | Tickers: CPWR, CYMI, NYX, PVH, O

    Billionaire Tom Sandell launched Sandell Asset Management Corp. in 1998 after starting his career at Bear Stearns. In 2012, his UCITS fund was awarded the accolade of “Best Performing Risk Arbitrage Fund” by The Hedge Fund Journal. His superior risk-adjusted returns have pushed him into Forbes’ list of billionaires, placing him tenth out of the richest people in Sweden. We have analyzed his latest 13F listing, as we’ve found more »

  • Is NASDAQ Cheap?

    By Anh HOANG - February 21, 2013 | Tickers: CME 130518C00060000, NDAQ, NYX

    Recently, a famous private equity fund, Carlyle Group, entered discussions with NASDAQ OMX Group (NASDAQ: NDAQ) to discuss taking the exchange company private. However, the deal fell apart because the two parties couldn’t agree with each other on the buyout price. Since the middle of 2012, NASDAQ’s share price has experienced quite a sweet rise, from $22 per share to more than $31 per share. Is NASDAQ a more »

  • Did Mr. Buffett Really Want the NYSE?

    By Robert Hanley - February 5, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    Media outlets recently reported that Berkshire Hathaway made a bid for NYSE Euronext (NYSE: NYX) last year.  The owner of the iconic New York Stock Exchange ended up being acquired by IntercontinentalExchange (NYSE: ICE) in December 2012 for roughly $8.2 billion.  The acquisition is the latest in a string of purchases for Intercontinental, as it seeks to increase market share against rival CME Group (NASDAQ: CME), the owner of more »

  • The Merging of Exchange Powerhouses

    By Mike Thiessen - January 28, 2013 | Tickers: CME 130518C00060000, ICE, NYX

    In a December 20, 2012 announcement, commodities exchange powerhouse IntercontinentalExchange (NYSE: ICE) announced its formal intention to purchase New York Stock Exchange operator NYSE EuroNext (NYSE: NYX) for approximately $8.2 billion. The complicated cash-and-stock deal offer provides current NYSE shareholders with three distinct options. Each option values NYSE EuroNext at about $33.12 per share. Although such a high-profile merger will certainly attract regulatory scrutiny, it appears that this more »

  • Selling America's Corporate Legends

    By Reuben Brewer - January 8, 2013 | Tickers: BUD, ICE, NYX

    The recent announcement that The New York Stock Exchange was set to be sold to the Intercontinental Exchange continues a long-term trend of American legends being sold away. While mergers and acquisitions are the norm on Wall Street, the emotional impact of such shifts can be bigger on main street than many believe.

  • Exchange Merger Mania!

    By aakanksha patodia - December 31, 2012 | Tickers: CME 130518C00060000, ICE, NYX

    In October 2012, Jeff Sprecher, chief executive of upstart IntercontinentalExchange (NYSE: ICE), approached NYSE Euronext (NYSE: NYX) CEO Duncan Niederauer with a modest proposal to team up on clearing trades in London.

    As the men continued talking, Sprecher grew bolder, instead suggesting that ICE buy NYSE in what became an $8.2 billion (5 billion pounds) deal announced on Dec. 20.

    The deal will link up the two most powerful more »

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