New Lifetime High Reached: Nasdaq (NDAQ)

Trade-Ideas LLC identified Nasdaq (NDAQ) as a new lifetime high candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Nasdaq

(

NDAQ

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Nasdaq as such a stock due to the following factors:

  • NDAQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $75.3 million.
  • NDAQ has traded 92,140 shares today.
  • NDAQ is trading at a new lifetime high.

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More details on NDAQ:

Nasdaq, Inc. provides trading, clearing, exchange technology, regulatory, securities listing, information, and public company services worldwide. It operates in four segments: Market Services, Listing Services, Information Services, and Technology Solutions. The stock currently has a dividend yield of 1.7%. NDAQ has a PE ratio of 29. Currently there are 4 analysts that rate Nasdaq a buy, no analysts rate it a sell, and 5 rate it a hold.

The average volume for Nasdaq has been 1.3 million shares per day over the past 30 days. Nasdaq has a market cap of $9.8 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.86 and a short float of 3.5% with 3.31 days to cover. Shares are up 24.4% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Nasdaq as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and reasonable valuation levels. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • NDAQ's revenue growth has slightly outpaced the industry average of 3.2%. Since the same quarter one year prior, revenues slightly increased by 6.6%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 39.57% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, NDAQ should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • NASDAQ INC has improved earnings per share by 12.7% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, NASDAQ INC increased its bottom line by earning $2.39 versus $2.24 in the prior year. This year, the market expects an improvement in earnings ($3.40 versus $2.39).
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Diversified Financial Services industry. The net income increased by 11.3% when compared to the same quarter one year prior, going from $124.00 million to $138.00 million.

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