Stan Wong Nasdaq Stock Market NDAQ-Q TOP PICK Jun 09, 2020

(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.

Does not own shares in company anymore.
Shares down after recent M&A.
Equity exchange business more competitive.
Information style business' are better.

It's done well for him for many years. They've been investing a lot in technology to offer customers things like risk-management tools. Also, their listings have done very well; the more IPOs and listings, the better for NDAQ.

A year ago, we were at the bottom of capital markets and now it's better. There were 13 IPOs in the first half of 2024, and 61 this year. They are investing in technology, attracting tech companies compared to the NYSE.

Historically, the exchanges have been great performers, but lately they have caught fire and are outperforming the market. Tailwinds are higher stocks, more volatility in April followed by aggressive buying as investor piled back into the market. If this high volume declines, though, so will the indexes. ETFs trading is also surging as are cryptos which concerns him because cryptos are risky. He prefers that people buy and hold quality stocks. You can buy options, only if you do it carefully. Can the stock of these exchanges keep running after such a big move? Yes, and the stocks are not that expensive. Though near all-time highs, as long as these conditions, including volatility, endure, these stocks will keep winning. The Nasdaq posted 24% YOY earnings growth. The Nasdaq also benefits from the current IPO surge.