StoneX(SNEX)
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Gold forecast ahead of U.S. election: What to expect for Trump or Harris Win – StoneX
KITCO· 2024-11-04 17:57
Jordan FinnesethJordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market. Jordan holds a Master of Science in Clinical/Counseling Psycho ...
StoneX Announces Election Trading Partnership Between FOREX.com and Kalshi
GlobeNewswire News Room· 2024-10-29 12:00
NEW YORK, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOREX.com, the number one forex broker in the US*, is delighted to announce a new partnership with Kalshi, the innovative CFTC-regulated exchange for trading on the outcome of future events. This partnership enables traders to trade FX markets with the leading forex broker in the US while expressing a view on the US Presidential Election through Kalshi's unique event-based platform. This partnership also incorporates a $20 bonus** for FOREX.com clients accessing t ...
StoneX Expands with IIBX Membership, New Offices in Pune and Bengaluru, India
GlobeNewswire News Room· 2024-10-28 17:08
BENGALURU, India, Oct. 28, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc., a Nasdaq-listed Fortune 100 financial services firm, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats. This marks a significant expansion of its operations in India, and is part of StoneX's strategy to leverage India's deep talent pool. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced remarkable growth, and now employs over 550 staff in-cou ...
To predict silver price performance in a recession, look to copper – StoneX's Rhona O'Connell
KITCO· 2024-10-15 19:35
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StoneX completes acquisition of JBR Recovery's recycling and refining business, to deepen the company's end-to-end metals offering
GlobeNewswire News Room· 2024-10-09 16:26
JBR Recovery Ltd ("JBR") is one of only two UK companies accredited by the LBMA for the supply of 'Good Delivery' silver to the London Bullion Market Acquisition extends StoneX's metals offering into sourcing and refining NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. ("StoneX"; NASDAQ: SNEX), has today announced that one of its subsidiaries, StoneX Metals Limited, has completed its acquisition of JBR's precious metal recovery and refinery business. The acquisition will deepen the StoneX grou ...
Gold is due for a correction, but key supports should keep it shallow – StoneX Group's Razaqzada
KITCO· 2024-10-08 20:11
i aja Ernest Hoffman Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specializat ...
Are Investors Undervaluing StoneX Group (SNEX) Right Now?
ZACKS· 2024-09-30 14:46
Zacks Investment Strategy - Zacks Rank system focuses on earnings estimates and revisions to identify strong stocks [1] - Style Scores system helps investors find stocks with specific traits, including value [2] - Value investing is a popular method using valuation metrics to identify undervalued stocks [1] StoneX Group (SNEX) Valuation Metrics - SNEX has a Zacks Rank of 2 (Buy) and an A grade for Value [3] - Forward P/E ratio of 11.09, below industry average of 14.79 [3] - P/B ratio of 1.62, below industry average of 2.37 [4] - P/CF ratio of 7.48, below industry average of 12.86 [5] SNEX Historical Valuation Trends - Forward P/E ranged from 8.32 to 11.41 over the past year, with a median of 9.54 [3] - P/B ratio ranged from 1.31 to 1.67 over the past 52 weeks, with a median of 1.47 [4] - P/CF ratio ranged from 5.34 to 7.69 over the past 12 months, with a median of 6.48 [5] SNEX Investment Outlook - SNEX appears undervalued based on key valuation metrics [6] - Strong earnings outlook supports SNEX as a compelling value stock [6]
What Makes StoneX Group (SNEX) a Good Fit for 'Trend Investing'
ZACKS· 2024-09-20 13:56
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...
StoneX Group Inc. (SNEX) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2024-09-18 14:16
Have you been paying attention to shares of StoneX Group Inc. (SNEX) ? Shares have been on the move with the stock up 4.6% over the past month. The stock hit a new 52-week high of $84.47 in the previous session. StoneX Group Inc. has gained 12% since the start of the year compared to the 16.6% move for the Zacks Finance sector and the 11.2% return for the Zacks Financial - Miscellaneous Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, a ...
StoneX: Operational Leverage Can Boost Earnings
Seeking Alpha· 2024-09-17 15:25
I first covered StoneX (NASDAQ: SNEX ) in May 2024, claiming it was a long-term compounding machine with solid growth potential and above-average returns on equity. I noted that the business was both welldiversified and resilient to Amateur value investor seeking bargains in any market, with a specific focus on emerging markets. Admires great investors such as Li Lu and Peter Lynch, and am not afraid to go against the grain. Willing to buy any company at the right price, and is looking for low-risk and high ...