Opinions
Gordon Reid
Nasdaq Stock Market
NDAQ-Q
TOP PICK
Jan 15, 2015
$45.760
Stock price when the opinion was issued
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PAST TOP PICK
(A Top Pick Sept 30/15. Up 34.71%.) This has done extremely well on the back of acquisitions. They are worldwide and on 6 continents. Made an acquisition in Canada recently. They own OMX, a Netherlands-based electronic platform, and then introduced a lot of technology to make it more efficient, bring down costs and increase margins. When he bought this, it was at about 15X earnings, and is now at about 18X. Not quite as compelling, but still a Buy.
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TOP PICK
Don't buy the mining company, but rather the company that makes the pick-axes. $2.8 billion in expected revenues for 2020. They have offices in 25 countries. Known for the stock exchange, they also operate information services and corporate services, lending their name to fund companies to create new funds and indexes. Long-term, NDAQ will benefit as technology and biotech grows. NDAQ stock has actually outperformed the index. Trades at 22x forward PE, growth rate of 12%. Yields 1.6% dividend. (Analysts’ price target is $112.47)
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PAST TOP PICK
(A Top Pick Jun 21/21, Up 16%) All the exchanges are a great way to gain exposure to increased exposure to equities, options and cryptos. He never bought NDAQ, but chose Interactive Brokers instead because of the latter's exposure to cryptos. Still recommends this along with CME and Interactive Brokers.
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Volatility and volume is how NASDAQ makes its money. He expects that 2015 will be a return to a normal type of market, which will lead to more volatility and higher volumes, and this will be a beneficiary of that. They have expanded through their OMX purchase into Europe and Scandinavia in particular. Growing earnings quite quickly through internal efficiencies. Yield of 1.31%.