Investors interested in stocks from the Securities and Exchanges sector have probably already heard of London Stock Exchange Group plc - Unsponsored ADR (LSEGY) and CME Group (CME). But which of these two companies is the best option for those looking for undervalued stocks?
CME Group Inc. remains in a robust long-term bullish trend, with every correction historically serving as a buying opportunity. CME's above-market 3.86% dividend yield, strong profitability, and consistent earnings outperformance support a buy rating at the $280 level. Valuation and growth factor grades are weak, with a high 25.29 P/E ratio and modest revenue growth, but technical and earnings momentum persist.
Plus500 Ltd (LSE:PLUS) has been appointed the clearing partner for a new event-based contracts platform launched by CME Group and FanDuel, marking a notable expansion of its institutional business. The company will provide brokerage, execution and clearing services to FanDuel Prediction Markets, a futures commission merchant jointly owned by CME and FanDuel.
Financial market operator CME Group Inc (NASDAQ:CME) is trading flat at $281.10 at last check, after the Chicago Mercantile Exchange's CyrusOne branch suffered a cooling issue at a data center.
Stock futures pointed slightly higher before a tech outage halted trading on Black Friday, with major indexes poised to record their best week since June. Stock and bond markets will close early today.
An outage at the world's biggest exchange operator CME Group on Friday halted trading on its popular currency platform and in futures spanning foreign exchange, commodities, Treasuries and stocks.
Trading in futures and options on the Chicago Mercantile Exchange was suspended for several hours on Friday after a fault at an external data centre stopped activity across foreign exchange, bond, equity and commodity markets. The interruption, which affected contracts from crude oil to United States Treasuries and S&P 500 futures, lasted longer than a comparable outage in 2019 and highlighted the central role of CME and its Globex electronic system.
U.S. markets return following the Thanksgiving holiday but a technical glitch at a CME Group data centre impacts futures trading across equities, treasuries and commodities. European markets see out a turbulent month of November having seen large moves within the tech, health and defence sectors.
Black Friday trading was off to an auspicious start after exchange operator CME was forced to halt futures trading on Friday.
A technical problem obstructed futures trading at the Chicago Mercantile Exchange in the early hours of Friday morning.
Trading of futures and options on the Chicago Mercantile Exchange was halted on Friday due to a data-center problem.
CME (CME) reported earnings 30 days ago. What's next for the stock?