Zacks Industry Outlook Highlights CME Group, Intercontinental Exchange, Cboe Global Markets, Coinbase Global and MarketAxess
From Nasdaq:
The securities and exchanges industry, including CME Group, Intercontinental Exchange, Cboe Global Markets, Coinbase Global Inc., and MarketAxess Holdings Inc., has seen growth through product expansion, increased trading volumes, and the adoption of crypto assets. However, challenges lie in regulatory compliance and changes in investment patterns. The industry’s top 5% Zacks Industry Rank indicates bright prospects, with a positive earnings outlook for the companies in aggregate. It has also outperformed the broader finance sector but has underperformed the S&P 500 composite over the past year. As of now, the industry is trading at 3.41X based on the trailing 12-month price-to-book, compared with the S&P 500’s 6.09X and the sector’s 3.35X. It has traded as high as 4.77X and as low as 2.38X over the last five years, with a median of 3.26X. Some stocks to consider from this industry are CME Group, Coinbase Global, Cboe Global Markets, and MarketAxess.
Read more: Zacks Industry Outlook Highlights CME Group, Intercontinental Exchange, Cboe Global Markets, Coinbase Global and MarketAxess