From Nasdaq: 2024-04-03 08:10:00

Intercontinental Exchange, Inc. (ICE) has gained investor favor with its strong portfolio, risk management services, strategic acquisitions, and solid financials. With a Zacks Rank #3 (Hold), the stock has outperformed the industry. Growth projections show increasing earnings and revenue estimates for 2024 and 2025, with a promising long-term growth rate of 9.5%.

ICE benefits from a diverse product portfolio, recent acquisitions, and growth in fixed-income and data services. The company’s mortgage business also shows potential for growth, with achievements in recurring revenues and strategic investments. Shares have risen, and ICE continues to focus on enhancing shareholder value through dividends and buybacks.

Better-ranked stocks in the finance sector include Coinbase Global, Inc. (COIN), Enact Holdings (ACT), and CNO Financial Group (CNO), each with a Zacks Rank #1 (Strong Buy). Coinbase has strong earnings growth potential, while Enact Holdings has a history of beating earnings estimates. CNO Financial also shows positive growth estimates for 2024 and 2025.

Zacks Investment Research has named a top semiconductor stock with significant growth potential in artificial intelligence, machine learning, and the Internet of Things. With global semiconductor manufacturing expected to grow, this stock is positioned for success. Invest now to benefit from this booming industry.

Read more at Nasdaq: Compelling Reasons to Retain Intercontinental (ICE) Stock Now