NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. (NASDAQ: SNEX) today announced that it will release its fiscal 2024 fourth quarter results after the market close on Tuesday, November 19, 2024. Management will host a conference call on Wednesday, November 20, 2024 at 9:00 a.m. Eastern Time to review the Company's 2024 fiscal fourth quarter results. A live web cast of the conference call as well as additional information to review during the call will be made available in PDF form at https://www ...

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 ...

Core Insights - FOREX.com has announced a partnership with Kalshi, a CFTC-regulated exchange for trading on future event outcomes, enhancing trading opportunities for clients [1][2] - The partnership allows traders to engage in FX markets while also participating in event-based trading related to the US Presidential Election, with a promotional $20 bonus for clients [2][3] Company Overview - FOREX.com is a trading name of StoneX Group Inc., which serves over 54,000 clients and has more than 400,000 self-directed accounts globally [5] - Kalshi is recognized as the first and largest legal prediction market in the US, having achieved over $100 million in trading volume shortly after its launch [4] Strategic Goals - FOREX.com aims to enhance client trading experiences by providing tools for accessing political and market events, indicating plans for further development of event-based promotions [3] - Kalshi's vision is to mainstream prediction markets, and the partnership with FOREX.com is seen as a significant step towards this goal [3]

Core Insights - StoneX Group Inc. has expanded its operations in India by opening new offices in Pune and Bengaluru, with a total capacity of 800 seats, reflecting its strategy to leverage India's talent pool [1] - Since the establishment of its Global Capability Centre in India in 2019, StoneX has grown significantly, now employing over 550 staff in the country, contributing to a global workforce of more than 4,300 employees [2] - The company has established an office in GIFT City to facilitate trading in precious metals, becoming the first international entity to be a trading and self-clearing member on the India International Bullion Exchange [6] Company Commitment and Growth - Greg Kallinikos, APAC CEO, highlighted India's role in StoneX's technological advancements, citing the country's innovation and talent pool as key factors for expansion [3] - Abbey Perkins, Chief Information Officer, emphasized the company's strong commitment to the Indian market and its growth trajectory [4] - Manu Dhir, General Manager of StoneX India, noted a nearly 40% year-on-year growth in headcount and the focus on recruiting top talent from local universities [5] Operational Highlights - StoneX's Global Capability Centre has evolved from a single technology team to a cross-functional center, offering substantial career growth opportunities, including leadership roles [5] - The company operates a global financial services network, connecting various market participants through digital platforms and execution services [7]

Group 1 - The article discusses the performance and predictions related to copper and silver markets, indicating potential trends and price movements [1] - It highlights the importance of these metals as indicators for economic conditions and investment opportunities [1] - The document includes various numerical data points related to copper and silver prices, suggesting fluctuations and market dynamics [1] Group 2 - The author, Jordan Finneseth, has a background in psychology and has transitioned into cryptocurrency reporting, indicating a growing interest in the digital asset space [2] - Finneseth's experience includes content creation and journalism within the cryptocurrency market, reflecting the evolving landscape of financial reporting [2] - The article emphasizes the significance of understanding human behavior in the context of cryptocurrency investments [2]

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 ...

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 ...

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]

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 ...

Company Performance - StoneX Group Inc. shares have increased by 4.6% over the past month, reaching a new 52-week high of $84.47 [1] - The company has gained 12% since the beginning of the year, outperforming the Zacks Finance sector's 16.6% and the Zacks Financial - Miscellaneous Services industry's 11.2% returns [1] Earnings and Revenue - StoneX Group has consistently exceeded earnings expectations, reporting EPS of $1.91 against a consensus estimate of $1.78 in its last earnings report on August 6, 2024 [2] - For the current fiscal year, the company is projected to achieve earnings of $7.39 per share on revenues of $3.33 billion, reflecting a -0.81% change in EPS and a 27.52% change in revenues [3] - The next fiscal year forecasts earnings of $7.40 per share on revenues of $3.27 billion, indicating a year-over-year change of 0.14% in EPS and -1.81% in revenues [3] Valuation Metrics - StoneX Group has a Value Score of A, a Growth Score of A, and a Momentum Score of F, resulting in a VGM Score of B [6] - The stock trades at 11.2X current fiscal year EPS estimates, slightly below the peer industry average of 11.6X, and at 8X on a trailing cash flow basis compared to the peer group's average of 8.7X [7] Zacks Rank - StoneX Group holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates, indicating potential for further price appreciation [8] Industry Comparison - The Financial - Miscellaneous Services industry ranks in the top 27% of all industries, suggesting favorable conditions for both StoneX Group and its peer, PJT Partners Inc. [11]