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NYSE Euronext

  • 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 RyanGlosier - 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 »

  • NYSE Makes the Most of Europe

    By Nick Slepko - December 27, 2012 | Tickers: GETS, LNKD, MSFT, NYX, YELP

    Scott Cutler is Executive Vice President and Head of Global Listings at NYSE Euronext (NYSE: NYX), and manages the NYSE’s relationship with over 2,100 companies in Asia and the Americas.

    [continued from NYSE Steals NASDAQ’s Thunder, Asian Exchanges Emerging Challenge]

    Slepko:  What’s up with the Euronext side of things?

    Cutler:  We saw the gradual thawing of [the European] market this year with some notable transactions on more »

  • NYSE Continues to Be The Strongest Global Exchange

    By Nick Slepko - December 27, 2012 | Tickers: INFY, LSE, NYX, AMTD, TEVA

    Scott Cutler is Executive Vice President and Head of Global Listings at NYSE Euronext (NYSE: NYX), where he is responsible for managing the exchange’s relationship with over 2,100 companies listed at the NYSE from the United States, Canada, Latin America, and Asia, as well as over 2,000 companies listed at Euronext in the European domestic markets.  By attracting new listings and overseeing IPOs he has contributed to more »

  • NYSE Has the Bell, But OTC Has the Mojo

    By Nick Slepko - December 24, 2012 | Tickers: LNKD, NDAQ, NYX, OTCM, BK

    R. Cromwell Coulson is President, CEO, and a Director of OTC Markets Group (OTCQX:OTCM)(NASDAQOTH: OTCM)[traded on OTCQX] which operates marketplaces for securities with a current combined market capitalization exceeding USD 13 trillion (more than twice the size of NASDAQ, and only a few trillion shy of the NYSE).

    [continued from OTC Offers Chance for Redemption – And Asks Motleys, “What the Fool?”]

    Nick Slepko:  What’s the difference more »

  • One Great Merger-Arbitrage Opportunity

    By Meena Krishnamsetty - December 21, 2012 | Tickers: CBOE, CME 130518C00060000, ICE, NDAQ, NYX

    NYSE Euronext (NYSE: NYX) is up over 35% this year on the news that IntercontinentalExchange (NYSE: ICE) will buy the trading solutions company for $8.2 billion or $33.12 per share. With the NYSE's stock trading at only $32.20, there appears to be a merger-arbitrage opportunity. Merger-arbitrage is a strategy commonly employed by hedge funds when there is reasonable certainty that a deal will close. Assuming it more »

  • A Behemoth Market Operator in the Making

    By Daniel James - December 21, 2012 | Tickers: ICE, NYX

    Merger and acquisitions talks between major exchange makers have been brewing for a while now, but we may now finally have a deal on the table. It was announced this week that IntercontinentalExchange, or ICE (NYSE: ICE), has made a bid for NYSE Euronext (NYSE: NYX), which is likely to gain regulatory approval. The deal, which is one of the largest in the stock exchange space since NYSE merged with more »

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