New Lifetime High Reached By NASDAQ OMX Group (NDAQ)

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified NASDAQ OMX Group ( NDAQ) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified NASDAQ OMX Group 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 $41.4 million.
  • NDAQ has traded 40,972 shares today.
  • NDAQ is trading at a new lifetime high.

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More details on NDAQ:

The NASDAQ OMX Group, 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 2%. NDAQ has a PE ratio of 27. Currently there are 7 analysts that rate NASDAQ OMX Group a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for NASDAQ OMX Group has been 968,400 shares per day over the past 30 days. NASDAQ OMX Group has a market cap of $8.5 billion and is part of the financial sector and financial services industry. The stock has a beta of 1.15 and a short float of 3.3% with 4.88 days to cover. Shares are up 5.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates NASDAQ OMX Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, reasonable valuation levels, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel its strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
  • Compared to its closing price of one year ago, NDAQ's share price has jumped by 35.31%, exceeding the performance of the broader market during that same time frame. 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.
  • Net operating cash flow has increased to $231.00 million or 26.22% when compared to the same quarter last year. In addition, NASDAQ OMX GROUP INC has also modestly surpassed the industry average cash flow growth rate of 21.00%.
  • NASDAQ OMX GROUP INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NASDAQ OMX GROUP 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 ($3.31 versus $2.39).
  • NDAQ, with its decline in revenue, underperformed when compared the industry average of 7.0%. Since the same quarter one year prior, revenues slightly dropped by 4.5%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.

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