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 $66.9 million.
  • NDAQ has traded 14,066 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 1.6%. NDAQ has a PE ratio of 19. Currently there are 6 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 $10.4 billion and is part of the financial sector and financial services industry. The stock has a beta of 0.63 and a short float of 3.9% with 5.72 days to cover. Shares are up 9.4% year-to-date as of the close of trading on Wednesday.

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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, reasonable valuation levels, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company shows low profit margins.

Highlights from the ratings report include:

  • Powered by its strong earnings growth of 76.00% and other important driving factors, this stock has surged by 25.98% over the past year, outperforming the rise in the S&P 500 Index during the same period. 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 reported significant earnings per share improvement 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 $2.50 versus $2.39 in the prior year. This year, the market expects an improvement in earnings ($3.74 versus $2.50).
  • NDAQ, with its decline in revenue, underperformed when compared the industry average of 15.2%. Since the same quarter one year prior, revenues slightly dropped by 6.0%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
  • Despite currently having a low debt-to-equity ratio of 0.42, it is higher than that of the industry average, inferring that management of debt levels may need to be evaluated further. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.05 is sturdy.

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