CME Hits 52-Week High: Time to Buy Despite Expensive Valuation?

CME Group (CME) hit a 52-week high of $286.48 on May 7. Shares closed at$284.82 after gaining 22% year to date, outperforming the industry, the sector and the Zacks S&P 500 composite in the same time frame.CME Group has outperformed its peers, Cboe Global Markets (CBOE) and Intercontinental Exchange Inc. (ICE) , which have gained 19.9% and 18.5%, respectively, year to date.With a capitalization of $102.6 billion, CME Group is the largest futures exchange in the world in terms of trading volume and notional ...