Latest news with #VIX
Yahoo
6 hours 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
Bloomberg
11 hours ago
- Business
- Bloomberg
US Stocks Gain as Fed's Waller Offers Hope on July Rate Cut
US stocks rose on Friday as investors returned from the Juneteenth holiday break to evaluate recent comments from a top Federal Reserve official as well as the latest developments in the conflict between Israel and Iran. The S&P 500 Index gained 0.6% at 9:43 a.m. in New York, with the benchmark teetering between a weekly gain or loss. The tech-heavy Nasdaq 100 Index advanced 0.8%. The VIX Index hovered around 19.
Mint
12 hours ago
- Business
- Mint
Fed's forecast ‘Fog' adds more clouds to stock market outlook
Federal Reserve Chairman Jerome Powell probably spoke for a lot of people on Wall Street when he explained to reporters how challenging it was to put together the central bank's new growth and inflation projections. 'Right now it's just a forecast in a very foggy time," Powell said after he and his colleagues trimmed their near-term gross economic growth estimates while nudging their inflation predictions higher. They also made no changes to their guidelines for at least two rate cuts between now and the end of the year. The so-called dot plot, which shows the rate path projections of 19 Fed officials, forecasts two quarter-point reductions this year. But it also was one estimate away from showing just one. Projections for 2026 were just as ephemeral: The median dot plot for next year shows one rate cut, but if one official had thought differently it could have been as high as three cuts. 'Remember, though … with uncertainty as elevated as it is no one holds these rate paths with a lot of conviction," Powell cautioned. 'Every outside forecaster and the Fed is saying that we expect a meaningful amount of inflation to arrive in the coming months and we have to take that into account. " If the man at the helm of the central bank guiding the world's largest economy is lacking the certainty needed to plot out the next six months, it's safe to say markets are in for a heck of a ride over the back half of the year. The S&P 500's solid spring rally already has stalled, with the benchmark now just 0.3% higher over the past month, and the average Wall Street forecast calls for only a modest advance by the end of the year. The Cboe's benchmark VIX volatility gauge, meanwhile, sits just a few ticks away from its highest levels since late May. Options traders are currently expecting daily swings for the S&P 500 of around 1.3%, or 78 points, over the next month. Senate lawmakers continue to tinker with a Republican tax-and-spending bill that will add an estimated $3.4 trillion to the federal deficit over the next decade. Sweeping tariffs put in place by President Donald Trump, which were then paused, then adjusted yet again, are still to pass through into the real economy. Higher oil prices from the escalating conflict between Israel and Iran, as well as America's role in it, are also set to stoke headline inflation pressures. 'Many global and domestic growth influences that stem from these issues will clearly matter," said Rick Rieder, chief investment officer of global fixed income at BlackRock. 'But other things are merely noise, so discerning the difference becomes crucial." That is a challenge for Powell, as well, who mentioned the word 'uncertainty" at least 14 different times during his press conference on Wednesday. He also added about 30 references to the 'tariffs" that are likely to drive inflation higher over the second half of the year. One thing he seemed more certain of, however, was the state of the job market. Powell said unemployment remains historically low, wage gains are moderating but outpacing inflation and 'indicators suggest that conditions are broadly in balance and consistent with maximum employment." But Powell also was bullish on the job market in June of last year, when dot plot projections called for just one rate cut over the next six months. Labor weakness ultimately propelled the Fed to deliver a full percentage point of cuts, including a 50-basis-point reduction within three months. 'We think the committee again is unduly sanguine about the outlook for the unemployment rate," said Samuel Tombs, chief U.S. economist at Pantheon Macroeconomics. That could play a huge role in the Fed's autumn forecasts, particularly if inflation begins to reheat just as the economy mellows into the doldrums and geopolitical risks intensify. 'Markets will need to be patient as we await incoming data that will reveal the extent to which tariffs will drive higher inflation and slower growth," said Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Write to Martin Baccardax at
India Today
14 hours ago
- Business
- India Today
Sensex ends 1,046 points higher, Nifty above 25,100; Bharti Airtel jumps 3%
Benchmark stock market indices rallied on Friday, with Dalal Street adding over 1%, ending the week on a high note. Heavyweight financial and banking sector stocks surged, pushing markets S&P BSE Sensex jumped 1,046.30 points to end at 82,408.17, while the NSE Nifty50 added 319.50 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that the equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments," he Airtel topped the gainers with an impressive 3.27% surge, followed by Mahindra & Mahindra up 2.93%, PowerGrid rising 2.38%, Reliance Industries gaining 2.16%, and Nestle India adding 1.97%. On the losing side, Maruti Suzuki was the only major decliner, falling 0.02% in an otherwise positive session for the index."In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer oriented sectors like Finance, Auto and Reality and in anticipation of better Q1 FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending," said broader market indices ended strongly with Nifty Midcap 100 gaining 1.46%, Nifty Smallcap up 1.01%, while India VIX fell 4.08%.All sectoral indices closed in positive territory, led by Nifty Realty surging 2.11%, followed by Nifty PSU Bank up 1.64%, Nifty Financial Services gaining 1.49%, Nifty Metal rising 1.39%, Nifty Healthcare adding 1.07%, Nifty Auto up 1.04%, Nifty Private Bank gaining 1.03%, Nifty Oil & Gas rising 0.91%, Nifty IT adding 0.84%, Nifty Pharma up 0.80%, Nifty Consumer Durables gaining 0.73%, Nifty FMCG rising 0.64%, and Nifty Media advancing 0.35%.advertisementThere were no sectors in the red as the market witnessed broad-based buying across all segments. Realty and PSU banks led the rally while all other sectors participated in the positive closing session on Friday.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
New Straits Times
15 hours ago
- Business
- New Straits Times
Bursa Malaysia halts losing streak fuelled by banking heavyweights
KUALA LUMPUR: Bursa Malaysia ended its losing streak to close higher today, driven by gains in banking heavyweights. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) climbed 1.30 points or 0.09 per cent to 1,502.74 from Thursday's close of 1,501.44. The benchmark index opened 0.50 of-a-point lower at 1,500.94 and moved between 1,500.04 and 1,507.97 throughout the trading session. However, the broader market remained weak, with 518 decliners outnumbering 319 gainers, while 505 counters were unchanged, 1,057 untraded and 25 suspended. Turnover dropped to 2.60 billion units worth RM3.37 billion compared with Thursday's 2.81 billion units valued at RM1.69 billion. UOB Kay Hian Wealth Advisors Sdn Bhd's head of investment research Mohd Sedek Jantan said the FBM KLCI remained broadly stable throughout the trading day. He said the negative return reflects a volatile week shaped by rising geopolitical risks and cautious investor sentiment. Volatility has increased meaningfully, with the VIX climbing three points to 20, up from 17 a week ago, highlighting global risk aversion. Despite today's intraday rebound, the broader week-on-week performance underscores prevailing uncertainty in the market. "Looking ahead, we anticipate trading to remain cautious next week as markets digest the latest signals from the Federal Open Market Committee. "The Fed's updated projection - characterised by slower growth, elevated inflation and a higher unemployment trajectory for 2025-2027 - suggest a stagflationary undertone, which could weigh on risk appetite," he said. Sedek added that growth-sensitive sectors may face headwinds as the policy outlook remains uncertain.
