Core Insights - Zacks Premium provides various tools for investors to enhance their stock market engagement and confidence [1][2] - The Zacks Style Scores are designed to complement the Zacks Rank, helping investors identify stocks likely to outperform the market in the short term [3][4] Zacks Style Scores - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][5][6] - Value Score identifies undervalued stocks using financial ratios [4] - Growth Score assesses stocks based on future earnings and financial health [5] - Momentum Score tracks price trends to identify optimal buying opportunities [5] - VGM Score combines the three styles to highlight stocks with the best overall potential [6] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal investment potential [9][10] Company Spotlight: Cboe Global Markets - Cboe Global Markets, a major stock exchange operator, currently holds a Zacks Rank of 3 (Hold) and a VGM Score of B [11] - The company has a Momentum Style Score of A, with shares increasing by 13% over the past four weeks [12] - Analysts have raised Cboe's earnings estimate for fiscal 2024, with the consensus now at $8.62 per share, reflecting a positive earnings surprise trend [12]

Dividend Increases Overview - Fourteen companies are set to increase their dividends, including two Dividend Kings: Nordson Corporation (NDSN) with a 14.7% increase and Dover Corporation (DOV) with a 1% increase [2] - The average dividend increase across the group is 10.9%, with a median increase of 7.9% [2] - People's Financial Services Corp is notable for a significant 50% increase in its dividend [2] Dividend Streak Categories - Companies are categorized based on their dividend growth history: - Kings (50+ years): 2 companies - Champions (25+ years): 2 companies - Contenders (10-24 years): 6 companies - Challengers (5+ years): 4 companies [7] Upcoming Dividend Increases - The list of companies with their respective details includes: - Cactus, Inc. (WHD): 5-year streak, 8.33% increase - Murphy USA Inc. (MUSA): 5-year streak, 2.27% increase - Nordson Corporation (NDSN): 61-year streak, 14.71% increase - Dover Corporation (DOV): 69-year streak, 0.98% increase - Peoples Financial Services Corp. (PFIS): 8-year streak, 50.61% increase [8][11] Ex-Dividend Date Explanation - The ex-dividend date is crucial for investors to qualify for upcoming dividends, requiring shares to be purchased by the end of the preceding business day [5] Performance Metrics - Current prices, 52-week lows, 52-week highs, and P/E ratios for the companies are provided, indicating their market performance and valuation [13] - Notable metrics include: - CBOE: 366% total return - RBA: 329% total return - NDSN and GS: 244% total return each [20] Investment Strategy Insights - The investment strategy focuses on companies with consistent dividend growth and performance exceeding benchmarks, specifically using the Schwab U.S. Dividend Equity ETF (SCHD) as a reference [19] - Companies like CBOE and RBA are highlighted for their strong total return profiles and consistent historical dividend growth, suggesting potential for future investment [21]

Core Viewpoint - Cboe Global Markets has approved a 15% increase in its quarterly dividend, marking the 14th consecutive year of dividend growth, aimed at returning more profits to shareholders [1][2]. Dividend and Shareholder Returns - The new dividend payout is 63 cents per share, up from 55 cents, resulting in a yield of 1.03% based on the stock's closing price of $202.94 on August 16 [2]. - Shareholders of record on August 30 will receive the increased dividend on September 13 [2]. - Cboe has a compound annual growth rate (CAGR) of 12.2% for dividends over the past eight years (2017-2024) [2]. Share Repurchase Program - Cboe Global has approximately $179.8 million remaining under its existing share repurchase authorizations as of July 31, 2024, and has been authorized to repurchase an additional $500 million of its common stock [3]. - Since the buyback program's inception in 2011 through June 30, 2024, the company has repurchased shares totaling $1.6 billion [3]. Financial Position and Cash Flow - Cboe exited the second quarter with cash and cash equivalents of $614.6 million, a 13% increase from the end of 2023 [4]. - In the first half of 2024, the company returned 65% of adjusted earnings to shareholders through dividends and share repurchases [4]. - Cash flow from operations surged to $2.4 billion in the first half of 2024, indicating strong free cash flow generation [5]. Profitability and Performance Metrics - The return on equity (ROE) was 22.5% in the trailing 12 months, an increase of 50 basis points year over year, outperforming the industry average of 13.2% [6]. - Cboe's shares have gained 34.8% over the past year, compared to the industry's growth of 16.7% [7]. Growth Strategy - The company is focused on expanding product lines across asset classes, broadening geographic reach, diversifying its business mix with recurring revenues, and leveraging technology to maintain share momentum [7].

Market Overview - The stock market recently experienced a significant increase in volatility, with the S&P 500 seeing its longest streak without a 2% daily decline since the Great Financial Crisis, lasting 356 trading days [2][4] - The recent market downturn was unexpected, attributed to the unwinding of the Japanese yen carry trade, which had previously supported investments in riskier assets like tech stocks [6][12] - Economic indicators suggest weakening growth, with rising unemployment triggering the "Sahm Rule," indicating a potential recession [8][10] Company Analysis: Republic Services (RSG) - Republic Services is the second-largest waste management company in North America, operating in a $114 billion market with 80% annuity-type revenues [21][24] - The company has demonstrated strong financial performance, with a 16% annual EPS growth over the past three years and a total return of nearly 150% over five years, outperforming the S&P 500 by 41% [26][28] - Currently yielding 1.2%, the dividend has a payout ratio of 36% and has been increased for 20 consecutive years, with a five-year CAGR of 7.4% [27][28] Company Analysis: Cboe Global Markets (CBOE) - Cboe is a major exchange operator in the U.S. and Europe, benefiting from increased demand for options and elevated market volatility [31][32] - The company is shifting focus from M&A to organic growth, expanding its footprint in APAC nations and enhancing its data and access solutions segment, which has grown by 11% annually since 2Q21 [33][36] - Cboe has a dividend yield of 1.1% with a payout ratio of 26% and a five-year CAGR of 12.2%, indicating a commitment to shareholder returns [40][41] Company Analysis: Lockheed Martin (LMT) - Lockheed Martin is a leading defense contractor, generating nearly all revenue from government contracts, which provides a stable and anti-cyclical business model [42] - The company is experiencing positive momentum, with a recent increase in sales and EPS guidance, driven by demand for advanced military projects [44][45] - Lockheed Martin has a dividend yield of 2.3%, a payout ratio of 44%, and has increased its dividend for 21 consecutive years, reflecting strong financial health [47][49]

sarmoho/iStock via Getty Images Introduction While I am writing this, markets are panicking. Volatility, as measured by the CBOE Volatility Index, has spiked to more than 40, the highest number since 2020, when the world was hit by bad news from Wuhan, China (pandemic). Value Stocks Tumble Again Bloomberg This is the result of a number of headwinds, including poor economic growth in the United States, an unwinding carry trade that involves the Japanese yen, geopolitical uncertainty, and the fact that tech s ...

Cboe Global Markets, Inc. (BATS:CBOE) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Ken Hill - Treasurer & Head, Investor Relations Fred Tomczyk - Chief Executive Officer Dave Howson - Global President Jill Griebenow - Chief Financial Officer Chris Isaacson - Chief Operating Officer Conference Call Participants Dan Fannon - Jefferies Patrick Moley - Piper Sandler Brian Bedell - Deutsche Bank Alex Kramm - UBS Financial Craig Siegenthaler - Bank of America Ben Budish - Barcla ...

For the quarter ended June 2024, CBOE Global (CBOE) reported revenue of $513.8 million, up 10% over the same period last year. EPS came in at $2.15, compared to $1.78 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $513.82 million, representing no surprise. The company delivered an EPS surprise of +1.90%, with the consensus EPS estimate being $2.11. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

Cboe Global Markets, Inc. (CBOE) reported second-quarter 2024 adjusted earnings of $2.15 per share, which beat the Zacks Consensus Estimate by 1.8%. The bottom line increased 21% year over year. The quarterly results benefited from higher index options trading volumes, higher net transaction and clearing fees, growth in market data and access and capacity fees, as well as improved EBITDA margins. Operational Details Total adjusted revenues of CBOE Global were a record $513.8 million, which improved 10% year ...

CBOE Global (CBOE) came out with quarterly earnings of $2.15 per share, beating the Zacks Consensus Estimate of $2.11 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.90%. A quarter ago, it was expected that this holding company for the Chicago Board Options Exchange would post earnings of $2.04 per share when it actually produced earnings of $2.15, delivering a surprise of 5.39% ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-34774 Cboe Global Markets, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of In ...