Latest news with #NasdaqComposite
Yahoo
an hour ago
- Business
- Yahoo
Is Cboe Global Stock Outperforming the Nasdaq?
Cboe Global Markets, Inc. (CBOE) is a leading global exchange operator and financial technology firm, headquartered in Chicago and employing around 1,650 people. With a market cap of $23.6 billion, it spans trading venues across North America, Europe, and Asia-Pacific. Companies with a market value of $10 billion or more are classified as 'large-cap stocks,' Cboe Global holds its place in this category. It leads the U.S. options market and is the originator of the VIX volatility index, giving it a unique edge in volatility-driven trading. Its consistent innovation, regulatory expertise, and scale position it as a key player in capital markets infrastructure, capable of capitalizing on both market volatility and long-term trading trends. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Cboe Global shares are currently trading 3.6% below its 52-week high of $236.02, which they touched recently on May 8. The stock has climbed 3.6% over the past three months, underperforming the broader Nasdaq Composite's ($NASX) 11.7% rise over the same time frame. However, on a year-to-date basis, CBOE has delivered a standout performance, surging 16.5% and handily outperforming the Nasdaq's modest 1.2% return. The outperformance extends over the longer horizon as well, with CBOE boasting a 34.4% gain over the past 52 weeks, far exceeding the Nasdaq's 9.4% rise during the same period. Since July last year, CBOE has remained above its 200-day moving average and has mostly traded over its 50-day moving average since early April. On May 2, shares of Cboe Global Markets rose over 2% following the release of its Q1 results, which exceeded expectations on both earnings and revenue. The company reported adjusted EPS of $2.50, surpassing consensus estimates by 5.9%, while adjusted revenue came in at $565.2 million, topping forecasts by 1.5%. It upgraded full-year guidance, with revenue growth now projected in the mid-to-high single-digit range, thanks to continued investment in tech platforms, global expansion, and Data Vantage. CBOE's rival, CME Group Inc. (CME), has outperformed the stock and gained 38.5% over the past 52 weeks and 17.2% in 2025. Analysts maintain a cautious outlook on its prospects. CBOE has a consensus rating of 'Hold' from the 17 analysts covering the stock and is currently trading above its mean price target of $225. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
CNBC
an hour ago
- Business
- CNBC
Wall Street will continue to monitor the Iran-Israel conflict next week, with stocks at an impasse
Wall Street will continue to monitor the Iran-Israel war next week, with stocks at a bit of an impasse as investors await greater clarity on the economic outlook. The S & P 500 remains on the cusp of an all-time high, more than 2% off a February peak it has yet to clear as investors eye an escalating conflict in the Middle East, the Federal Reserve's next move, the progress in Washington of the "one big beautiful bill" — all amid ongoing trade uncertainty and signs of softening in the economy. Whether stocks can continue to chart a path higher next week will depend in large part on developments on all of those fronts. On Friday, at least, stocks initially got a bit of a boost after President Donald Trump said he will wait two weeks to make a decision on whether the U.S. will join Israel's military campaign against Tehran — a relief for investors following more inflammatory language this week out of the president. Adding to bullish sentiment was Fed Governor Christopher Waller telling CNBC's Steve Liesman he doesn't expect tariffs to lift inflation significantly so policymakers could be looking to cut interest rates in July. "The market is cautiously optimistic that negotiations could lead to a de-escalation of the conflict and more importantly no involvement by the U.S. There is also skepticism that the 'two-week' timetable is a too familiar saying used by the President to delay making any major decision," wrote Jay Woods, chief global strategist at Freedom Capital Markets. "Pausing the clock may be a good thing, but this delay is very familiar to the tariff delay and the so-called TACO trade," added Woods. "The markets remain in a wait-and-see mode and tread water around this 6,000 level for now." As of Friday afternoon, the Dow Jones Industrial Average and the S & P 500 are lower on the week. The Nasdaq Composite is poised to eke out a gain for the period, heading for its third positive week in four. Biding time, softening data The stock comeback of the last two months has perplexed many investors, who remain befuddled by the market's insistence to look past conflict, tariffs and major challenges to the economic outlook, to make short work of recovering their losses from their April lows. Several chart analysts are confident the stock comeback can continue, given the strength of the market beneath the hood. IBM is the top-performing stock in the Dow in 2025, up about 28% this year and outpacing the Magnificent Seven stocks. Industrials, these analysts point out, are the No. 1 sector in the S & P 500 this year, a favorable signal on the strength of the U.S. economy. Some expect semiconductors, which have led the comeback rally after getting punished earlier this year, could hold the key for the S & P 500 getting back to all-time highs. Freedom Capital Markets' Woods said he's especially keeping an eye on a close above $150 a share for Nvidia. NVDA YTD mountain Nvidia, year to date Yet there are also some signs of weakening in the economic data, giving investors some pause. Evercore ISI's Stan Shipley said in a Friday note that a raft of data this week — including retail sales, industrial production, homebuilders' sentiment, and housing starts data — are now "materially weaker." He wrote: "The hard data on a weakening economy is picking up momentum ." Elsewhere, JPMorgan economist Nora Szentivanyi wrote, "U.S. data for May reinforced signals that the early-year boost to activity has started to fade." "The continued rise in import prices suggests the tax bite is being felt domestically even if price increases for consumers are likely to be more delayed and drawn out than previously anticipated," Szentivanyi wrote. "A broad range of companies plan to increase goods prices in coming months and we continue to look for a material rise in consumer prices related to tariffs." .SPX YTD mountain S & P 500, year to date Yet many investors remain confident markets can continue to advance — even if they tread water for the next several weeks — largely because of the strength of the consumer that they expect can keep the economy from a recession, as well as the shot to productivity expected to come later in the year from artificial intelligence. Freedom Capital Markets' Woods said he expects the S & P 500 can get to 6,500 or 6,600, another roughly 10% from current levels, through the end of the year. "It is mind blowing to see that we climb this wall of worry with concerns over tariffs, and now, war," Woods said. "The sectors that have led us from this rally, some of the most beaten-down names were technology stocks, and technology continues to lead. And there are a lot of positive signs that really keep me in the secular bull camp in a way where I think we can go much higher here." Of course, there will be further challenges to that outlook. Next week investors will get the personal consumption expenditures price index — the Federal Reserve's preferred inflation gauge — after Fed Chair Jerome Powell this week voiced concerns around the effect tariffs will have on pricing pressures. In the prior reading, PCE rose 0.1% in April , and 2.1% on an annual basis. Consumers could also take a hit from rising oil prices, amid the ongoing conflict between Israel and Iran. On the earnings front next week, FedEx and Nike will give further insight into the strength of the consumer. Micron, also reporting, can give some indication on whether the semiconductor rally still has some steam. Week ahead calendar All times ET. Monday, June 23 9:45 a.m. PMI Composite preliminary (June) 9:45 a.m. S & P PMI Manufacturing preliminary (June) 9:45 a.m. S & P PMI Services preliminary (June) 10 a.m. Existing Home Sales (May) Tuesday, June 24 9 a.m. FHFA Home Price Index (April) 9 a.m. S & P/Case-Shiller comp.20 HPI (April) 10 a.m. Consumer Confidence (June) 10 a.m. Richmond Fed Index (June) Earnings: FedEx , Carnival Wednesday, June 25 8 a.m. Building Permits final (May) 10 a.m. New Home Sales (May) Earnings: Micron Technology , General Mills Thursday, June 26 8:30 a.m. Chicago Fed National Activity Index (May) 8:30 a.m. Continuing Jobless Claims (6/14) 8:30 a.m. Durable Orders preliminary (May) 8:30 a.m. GDP Chain Price final (Q1) 8:30 a.m. GDP (Q1) 8:30 a.m. Initial Claims (6/21) 8:30 a.m. Wholesale Inventories preliminary (May) 10 a.m. Pending Home Sales Index (May) 10 a.m. Pending Home Sales (May) 11 a.m. Kansas City Fed Manufacturing Index (June) Earnings: Nike , Walgreens Boots Alliance , McCormick & Co. Friday, June 27 8:30 a.m. Core PCE Deflator (May) 8:30 a.m. PCE Deflator (May) 8:30 a.m. Personal Consumption Expenditure (May) 8:30 a.m. Personal Income (May) 10 a.m. Michigan Sentiment final (June)
Yahoo
an hour ago
- Business
- Yahoo
Is Cincinnati Financial Stock Outperforming the Nasdaq?
With a market cap of $22.8 billion, Cincinnati Financial Corporation (CINF) is a provider of property and casualty insurance products across the United States. The company operates through five main segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. Companies valued at more than $10 billion are generally considered 'large-cap' stocks, and Cincinnati Financial fits this criterion perfectly. Its operations are supported by multiple subsidiaries, including The Cincinnati Insurance Company and its affiliates, offering a wide range of insurance and investment services. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Despite this, shares of the Fairfield, Ohio-based company have declined 9.9% from its 52-week high of $161.74. CINF stock has increased marginally over the past three months, lagging behind the Nasdaq Composite's ($NASX) 11.7% rise over the same time frame. In the longer term, CINF stock is up 1.4% on a YTD basis, slightly outperforming NASX's 1.2% gain. Moreover, shares of the Insurance firm have soared 28.2% over the past 52 weeks, compared to NASX's 9.4% return over the same time frame. The stock has climbed above its 50-day and 200-day moving averages since May. Despite reporting weaker-than-expected Q1 2025 adjusted revenue of $2.6 billion on Apr. 28, shares of CINF rose 2.9% the next day as the company reported a smaller-than-expected adjusted loss of $0.24 per share. Investors were encouraged by strong core performance, with a 13% increase in earned premiums and a 9% growth in its core commercial lines segment. In comparison, rival Loews Corporation (L) has lagged behind CINF stock over the past 52 weeks, gaining 15.9%. However, Loews stock has risen 4.3% on a YTD basis, outpacing CINF's performance. Despite the stock's strong performance over the past year, analysts remain cautiously optimistic on CINF. The stock has a consensus rating of 'Moderate Buy' from nine analysts in coverage, and as of writing, CINF is trading below the mean price target of $152.83. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
an hour ago
- Business
- Yahoo
Wall Street's Leading Stories of 1H25 and Outlook for 2H
The first half of 2025 has been defined by heightened volatility and uncertainty, largely stemming from the new administration's trade policies. After hitting a low in early April, Wall Street staged a strong rebound fueled by renewed optimism over trade negotiations, solid corporate earnings, easing inflation and continued momentum in artificial stocks led the charge, with the Magnificent Seven making a powerful comeback after months of the half-year mark approaches, the S&P 500 is now less than 3% below its record high, while the Nasdaq Composite is 3.4% off its all-time peak. The Dow Jones Industrial Average, however, remains only marginally positive for the year. Volatility is expected to persist in the second discuss these events in detail below with the stocks: On April 2, Donald Trump announced sweeping new tariffs dubbed 'Liberation Day' tariffs. These included a 10% baseline tariff on nearly all imports, with a few exceptions such as pharmaceuticals, semiconductors, and lumber. On top of the baseline, Trump introduced 'reciprocal' tariffs that targeted specific countries. China faced tariffs ranging from 34% to 54%, the European Union 20%, Japan 24% and Vietnam up to 46%. These tariffs officially took effect on April backlash and international criticism, the Trump administration issued a 90-day pause on tariff hikes for over 75 countries on May 12, though the 10% baseline tariff remained in place. Additionally, Chinese tariffs were reduced from a peak of 145% to around 30%, though they remained substantially elevated. On May 30, Trump doubled tariffs on imported steel, raising them from 25% to 50%, citing national security concerns and the need to protect U.S. actions faced legal scrutiny. On May 28, the U.S. Court of International Trade ruled that many of the tariffs were illegal under international trade law. However, the court also issued a stay, meaning the tariffs would remain in place pending tariff policies triggered an initial market rout, with trillions lost in just days. However, the partial pause in tariffs and the Fed's decision to hold interest rates steady led to a strong rebound. Some sectors emerged as clear winners. Companies like Palantir Technologies PLTR surged more than 90% since the April sell-off and recently hit a new all-time high. The stock saw a solid earnings estimate revision of 3 cents over the past 60 days for this year and has an estimated growth of 41.46%. Palantir Technologies has a Zacks Rank #3 (Hold) and a Growth Score of A. The S&P 500 hit a record high on Feb. 19 before tumbling toward bear market territory by April 8. However, the index staged a remarkable rebound, marking its fastest recovery since 1982. In May, it delivered the strongest performance since 1990 and the biggest monthly gain since November by this turnaround, a growing number of Wall Street strategists have turned bullish in recent weeks. Several firms have raised their year-end S&P 500 targets to the 6,300–6,500 range, reflecting renewed confidence in the market's outlook for the second half of NEM, having a Zacks Rank #1 (Strong Buy), is one of the best-performing stocks of the first half. The stock saw a positive earnings estimate revision of 5 cents for this year over the past month, with an estimated growth rate of 20.1%. Newmont has a VGM Score of A, indicating that it is poised for more gains ahead. You can see the complete list of today's Zacks #1 Rank stocks here. The race for the title of the world's most valuable publicly traded company has intensified in 2025, with NVIDIA NVDA and Microsoft MSFT locked in a high-stakes battle for market cap supremacy. Fueled by the explosive growth of artificial intelligence, the rivalry has captured Wall Street's full attention and is reshaping the tech landscape in real of June 18, Microsoft held a slight lead with a market capitalization exceeding $3.57 trillion. Its ascent was driven by robust cloud expansion, deepening AI integrations through its partnership with OpenAI, and continued dominance in the enterprise software space. NVIDIA, meanwhile, is capitalizing on an unprecedented demand cycle for its AI chips, rapidly scaling sales of its GPUs that power the very heart of AI computing. Since bottoming at just over $94 in early April, NVDA stock has added more than $1 trillion in market value. Growth-focused traders are flocking to NVIDIA for its unprecedented AI chip momentum, high margins and dominant position in next-gen essence, NVIDIA may be building the engine of the AI revolution, but Microsoft is constructing the operating system around it. Azure continues to be one of the fastest-growing cloud platforms globally, while Microsoft 365 and Teams have become indispensable tools in the modern digital workplace. Microsoft and NVIDIA have a Zacks Rank #3 (Hold) each. Gold stocks have surged in popularity this year, driven by a flight to safety amid growing global uncertainty. Investors are turning to the precious metal to shield their portfolios from the disruptive impact of Trump's tariffs on global trade and rising concerns of an economic slowdown. Gold recently soared to a new all-time high, topping $3,400 per ounce last tensions in the Middle East—particularly the Israel-Iran conflict—have intensified safe-haven demand, pushing both gold prices and gold-related equities higher. Additionally, a weaker U.S. dollar and continued central bank accumulation have further fueled gold's rally. Goldman Sachs forecasts that gold could climb to $3,700 per ounce by the end of 2025, reinforcing the bullish outlook for the metal and gold the potential beneficiaries is AngloGold Ashanti PLC AU, a global gold mining company with operations across Africa, the Americas and Australia. The company has seen a solid earnings estimate revision of 60 cents over the past 30 days for this year, with an estimated growth of 122.1%. Despite more than doubling year to date, AngloGold remains attractively valued, trading at a P/E ratio of 9.80 compared with the industry average of 3.26. The stock sports a Zacks Rank #1 and has a VGM Score of A, underscoring its compelling investment potential amid the ongoing gold rally. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report AngloGold Ashanti PLC (AU) : Free Stock Analysis Report Palantir Technologies Inc. (PLTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Business
- Yahoo
Dow, Nasdaq, S&P 500 Climb After Fed Hint at July Rate Cut
June 20 - U.S. stocks advanced Friday morning after comments from a Federal Reserve official suggested that interest rate cuts could begin as early as July, according to a morning update. The S&P 500 rose about 0.3%, while the Dow Jones Industrial Average and Nasdaq Composite also gained around 0.3%. The move followed remarks by Fed Governor Christopher Waller, who said he sees limited inflation risks from tariffs and hinted at a possible rate reduction in the coming month. Most sectors in the S&P 500 traded higher, with Energy and Real Estate among the strongest performers. Health Care lagged behind other sectors in early trading. Friday also marks a triple witching event, with roughly $6.5 trillion in options and futures contracts set to expire, a factor that often adds volatility to markets. On the geopolitical front, former President Donald Trump said he will decide within two weeks whether the U.S. should carry out a military strike on Iran. The statement comes amid ongoing tensions and efforts to restart nuclear negotiations. Meanwhile, economic indicators offered a mixed picture. The Philadelphia Fed's regional manufacturing index held at -4 in June, below forecasts. The Conference Board's Leading Economic Index fell 0.1% in May to 99.0, in line with expectations. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
