Cboe stock price target cut to $106 from $108 at J.P. Morgan
Cboe stock price target cut to $106 from $108 at J.P. Morgan
Close | Chg | Chg % | |
---|---|---|---|
$119.90 | 1.37 | 1.16% | 1.37 1.16% |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Cboe stock price target cut to $106 from $108 at J.P. Morgan
Cboe Global Markets downgraded to underweight from neutral at J.P. Morgan
Exchange giant CME Group Inc. is considering expanding beyond its core strength in futures with a potential takeover of U.K. financial-technology company NEX Group PLC. London-listed NEX, which runs major electronic markets for bonds and foreign-exchange trading, said Thursday that it had received a preliminary takeover approach by CME.
Exchange giant CME Group Inc. is considering expanding beyond its core strength in futures with a potential takeover of U.K. financial-technology company NEX Group PLC. London-listed NEX, which runs major electronic markets for bonds and foreign-exchange trading, said Thursday that it had received a preliminary takeover approach by CME.
CBOE stock price target cut to $120 from $136 at UBS
Shares of CBOE Global Markets Inc. tumbled 5.5% in premarket trade Friday, after the futures and trading exchange holding company reported fourth-quarter profit and revenue that missed expectations. Net income rose to $254.6 million, or $2.26 a share, from $44.7 million, or 55 cents a share, in the same period a year ago. Excluding non-recurring items, such as a one-time $191.5 million benefit from the recent tax legislation, adjusted earnings per share came to 87 cents, below the FactSet consensus of 88 cents. Total net revenue rose to $265.6 million from $143.0 million, but missed the FactSet consensus of $267.0 million. "We delivered on our key strategic initiatives and achieved record trading in our highest-margin proprietary products, including VIX futures and options and SPX options, while continuing to launch new innovative products such as Cboe Bitcoin Futures," said Chief Executive Edward Tilly. Bitcoin futures begain trading in December, while CBOE said 2017 trading volume in futures on the VIX for 23% from 2016. The stock has shed 2.6% over the past three months through Thursday, while the S&P 500 has eased 0.1%.
CBOE's stock drops 3.6% premarket after Q4 results
CBOE Q4 revenue less cost of revenue up 86% to $265.6 mln; FactSet consensus $267.0 mln
CBOE Q4 total revenue $620.7 mln vs. $190.8 mln a year ago
CBOE Q4 adj. EPS 87 cents; FactSet consensus 88 cents
CBOE Q4 EPS $2.26 vs. 55 cents a year ago
U.S. stocks on Wednesday opened lower but turned higher within minutes, underlining a new regime of up-down-trade likely to be the new normal in the market. Investors remain tentative about the stability of the market after a recent spate of volatility appeared to sap the unabashed zest for purchasing equities that has helped push equity prices to repeated records. The Dow Jones Industrial Average fell more than 100 points, but was most recently up 123 points, or 0.4%, at 25,036, while the S&P 500 index advanced 11 points, or 0.4%, at 2,705, while the Nasdaq Composite Index , retreated less than a point, or at 7,116. After a period of calm, volatility has become the new normal on Wall Street, with the Cboe Global Markets Inc. , which reflects options bets 30-days into the future on the S&P 500, off 5.1%, at 28.44. The index tends to fall as stocks rise and had spiked to a high around 50, well above its historical average around 20, as markets plunged on Monday. Tuesday's action was marked by wild pricing swings, with the Dow spanning 1,000 points to end the day up 567 points. Shares of Tronc Inc. soared after reports that it sold The Los Angeles Times to billionaire Patrick Soon-Shiong for around $500 million.
Shares of CBOE Global Markets Inc. tumbled 5.5% in premarket trade Wednesday, after the options and futures exchange was downgraded at J.P. Morgan, which cited risks associated with the "massive deterioration of value" in short-VIX strategies. Analyst Kenneth Worthington cut his rating to neutral, after being at overweight the past 14 months. He slashed his stock price target to $110, which is 5.9% below Tuesday's closing price of $116.94, from $131. "While the liquidation and fall of various [exchange-traded notes] represents a risk to VIX Futures volumes, we see this as potentially the tip of the iceberg with a likely reduction in VIX Futures trading activity looking out 1-2 months," Worthington wrote in a note to clients. "We also see some risk to volumes in VIX options." The VIX refers to the CBOE Market Volatility Index . The VelocityShares Daily Inverse VIX Short-Term ETN, which was designed to bet against rising volatility, will be liquidated on Feb. 21 after it lost more than 80% of its value in after-hours trade on Monday. CBOE's stock has plunged 14.4% the past three sessions and the broader-market selloff caused a spike in volatility. The stock has still gained 3.1% over the past three months, while the S&P 500 tacked on 4.0%.
CBOE's stock falls 3.4% premarket after analyst downgrade
CBOE Global Markets downgraded to neutral from overweight at J.P. Morgan
London-listed NEX Group, which runs major electronic markets for bonds and foreign-exchange trading, says it has received a preliminary takeover approach by CME.
A startup exchange active in the derivatives market is expanding into bitcoin, the latest sign that market operators remain excited about cryptocurrencies despite bitcoin’s recent price slump.
Analysts say investors are best off with a plain-vanilla approach to currency moves.
The bitcoin-fund pushback is the mark of a new era for the approval of new ETFs.
Corrections & Amplifications for edition of Feb. 16, 2018.
Cyberattacks are a growing risk for companies, but some investors are trying to turn them into a money making opportunity.
A U.S. regulator is looking into whether prices linked to the widely watched Cboe Volatility Index have been manipulated.
A graphic look at selected stock activity for the week ended February 9, 2018. Includes Twitter, Virtu, and iRobot.
The market’s steep selloff ends a trade that had long been successful.
Among the companies with shares expected to trade actively in Friday's session are Amazon.com, FedEx, United Parcel Service, Expedia, Nvidia and Qualcomm.
The correction is here. Plus, Twitter’s results and one other pocket of strength.
Investors are turning cautious on the exchange company behind volatility trading, one fallout from the recent stock market rout.
Also, Wynn Resorts gains on CEO resignation; Chipotle slumps on earnings; and The View From Silicon Valley.
The next VIX victim. Plus GM, Snap and more earnings.
U.S. regulators said Congress should consider expanding federal oversight of bitcoin and other cryptocurrency trading, as market cops amplify alarms about an asset class that is largely exempt from investor-protection laws.
Volatility roared back into the stock market Monday, rattling traders and wrong-footing scores of investors caught wagering that share-price swings would remain muted.
Since 1950, the S&P 500 has been down 16.9% on average at its intrayear low during midterm-election years.
The top U.S. derivatives regulator is reviewing its process for approving new futures products, after the launch of bitcoin futures raised questions about whether its hands-off approach should be changed.
London-listed NEX Group, which runs major electronic markets for bonds and foreign-exchange trading, says it has received a preliminary takeover approach by CME.
Cboe Global Markets (CBOE) Presents At 43rd Annual International Futures Industry Conference - Slideshow
TD Ameritrade Holding (AMTD) is tracked by 19 analysts in March 2018. Eight of them are suggesting a “hold” for the stock.
Bulletproof Investing Performance: Week 16
Fidelity National Financial: There Is No Free Lunch
More crypto trading products are coming - CBOE
Horizon Kinetics Buys CME Group Inc, Cboe Global Markets Inc, Vanguard Extended Market, Sells Newell Brands Inc, Colfax Corp, CBS Corp
A startup exchange active in the derivatives market is expanding into bitcoin, the latest sign that market operators remain excited about cryptocurrencies despite bitcoin’s recent price slump.
CBOE Holdings (CBOE) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Southern Copper's stock has already been surging this year, but with few bears, E*TRADE said there could be a buying opportunity.
Cboe stock has taken a big hit as volatility is back, but E-Trade said that a short covering rally may be in the cards.
Cboe Global Markets (CBOE) Presents At Raymond James 39th Annual Institutional Investors Conference - Slideshow
Cboe Global's (CBOE) February ADV reflects record volumes in VIX futures, VIX options and SPX options plus a record trading in Cboe Options Exchange and Cboe Futures Exchange to name a few.
The increase in volatility looks like it is here to stay. These four top stocks look to benefit, as trading volumes pick up across the board and maybe stay there.
Bulletproof Investing Performance: Week 14
CME Group's (CME) record February volumes reflect a rise in ADV across all the six product lines.
Intercontinental Exchange's (ICE) trading volume improves in February. We expect its diverse product line and risk management services to drive the same in the near term.
Analysts say investors are best off with a plain-vanilla approach to currency moves.
This Morning's Technical Outlook on Investments Stocks -- Cboe Global Markets, FS Investment, GAMCO Global Gold, and Nuveen
Detailed Research: Economic Perspectives on Hovnanian Enterprises, KBR, Vistra Energy, Berkshire Hathaway, iRobot, and CBOE -- What Drives Growth in Today's Competitive Landscape
Cboe Global Markets Reports February 2018 Trading Volume
Bitcoin Price Continues its Rebound as Average Transaction Fees Drop
Cboe Global Markets Announces Additional $150 Million in Share Repurchase Authorization
Cboe Announces Successful Migration of Cboe Futures Exchange to Proprietary Technology Platform
Cboe Global Markets to Present at KBW Symposium on Thursday, March 1
Cboe Global Markets to Present at Citi Conference on Thursday, March 1
Cboe Global Markets Declares First-Quarter 2018 Dividend
Cboe Global Markets Reports Week of Record Trading Activity
Cboe Global Markets Reports Week of Record Trading Activity
Cboe Global Markets Reports 2017 Fourth Quarter and Full Year Results
Cboe Global Markets Announces Post Market Close Conference Call
Cboe Global Markets Reports January 2018 Trading Volume
Blockchain to Streamline Cumbersome International Trade Transactions
Stock Review for Investments Investors -- CBOE Global Markets, Apollo Global Management, Intercontinental Exchange, and Nuveen
Cboe Global Markets Recognized in Hong Kong As Approved Stock Exchange
The Blockchain Technology Market is Projected to Grow
Cboe Conducts First Settlement of Cboe Bitcoin Futures
Science-driven Blockchain Technology Set to Disrupt the Future
Cboe Global Markets, Inc. engages in the operation of trading market. It primarily offers options market and offers trading in listed options through a single system that integrates electronic trading and traditional open outcry into a single exchange known as Hybrid trading model. It provides options on various market indexes in an exclusive basis, and futures contracts, as well as on non-exclusive multiply-listed options such as options on the stocks of individual corporations, and options on other exchange-traded products including exchange-traded funds and exchange-traded notes. The company was founded on 1973 and is headquartered in Chicago, IL. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Nasdaq Inc. | $14.02B | |
MarketAxess Holdings Inc. | $8.43B | |
CME Group Inc. Cl A | $55.88B | |
Intercontinental Exchange Inc. | $43.33B |