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 $82.7 million.
  • NDAQ has traded 87,092 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 27. Currently there are 6 analysts that rate Nasdaq a buy, no analysts rate it a sell, and 5 rate it a hold.

TheStreet Recommends

The average volume for Nasdaq has been 1.2 million shares per day over the past 30 days. Nasdaq has a market cap of $9.6 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.87 and a short float of 2.8% with 3.22 days to cover. Shares are up 1.2% year-to-date as of the close of trading on Thursday.

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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 solid stock price performance, growth in earnings per share, revenue growth, reasonable valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.

Highlights from the ratings report include:

  • The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen 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).
  • Despite its growing revenue, the company underperformed as compared with the industry average of 15.2%. Since the same quarter one year prior, revenues slightly increased by 6.7%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Net operating cash flow has significantly increased by 175.00% to $66.00 million when compared to the same quarter last year. In addition, NASDAQ INC has also vastly surpassed the industry average cash flow growth rate of -17.14%.

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