The operator of Australia’s largest stock exchange has “considerable work to do” to meet the expectations of regulators, the Reserve Bank says https://t.co/wqfmasJjbx ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each assessing different investment characteristics [3][4][5][6] - Value Score focuses on identifying undervalued stocks using financial ratios [3] - Growth Score evaluates a company's future earnings and financial health to find sustainable growth opportunities [4] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [5] - VGM Score combines all three styles to highlight stocks with the best overall potential [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to assist in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +23.64% 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 returns [9] Stock Analysis: Nasdaq Inc. (NDAQ) - Nasdaq Inc. is currently rated 3 (Hold) with a VGM Score of B, indicating a stable position [11] - The company is projected to experience a year-over-year earnings growth of 17.7% for the current fiscal year, supported by positive earnings estimate revisions [12] - Nasdaq has an average earnings surprise of +4.4%, making it a potential candidate for growth investors [12]

Hong Kong exchange rules require companies to push back the entire IPO process by at least one business day if a No. 8 typhoon signal or above is in place between 9 a.m. and noon on the final day for mom-and-pop investors to order shares https://t.co/YvJaS3yhp4 ...

After our recent update on diversified European financials, we now turn our attention to Euronext ( OTCPK:EUXTF ) ( OTCPK:ERNXY ), noting that we have upgraded London Stock Exchange Group to a BuyBuy-side hedge professionals conducting fundamental, income oriented, long term analysis across sectors globally in developed markets. Please shoot us a message or leave a comment to discuss ideas.DISCLOSURE: All of our articles are a matter of opinion, informed as they might be, and must be treated as such. We tak ...

Core Insights - The US SEC has approved new listing rules for major exchanges, facilitating the launch of crypto spot exchange-traded funds (ETFs) [1][4] - The new framework allows asset managers and exchanges to meet specific criteria without lengthy case-by-case reviews, significantly speeding up the process from filing to launch [2][5] - Analysts predict a surge in new crypto products, particularly those tracking Solana and XRP, which have been pending for over a year [3][6] Group 1 - The SEC's approval reflects a commitment to reduce barriers and foster innovation while maintaining investor protections, indicating a shift in US policy towards digital assets [4][8] - The streamlined rules could apply to any cryptocurrency with at least six months of futures trading on the Coinbase Derivatives Exchange, potentially qualifying over a dozen tokens for listing [6] - The SEC has also approved the Grayscale Digital Large Cap Fund, which tracks the CoinDesk 5 Index, expanding the range of crypto-linked derivatives available in regulated US markets [7]

Core Thesis - CME Group Inc. is positioned as a leading player in the derivatives marketplace, with a strong focus on futures and options, and is benefiting from structural growth drivers and network effects [1][4][6] Company Overview - CME Group's share price was $262.30 as of September 12th, with trailing and forward P/E ratios of 25.39 and 22.52 respectively [1] - The company plays a crucial role in financial markets, providing platforms for hedging against volatility in various sectors, including agriculture, airlines, and financial institutions [2] Product Offerings - CME's core offerings include interest rate futures and options, energy and agricultural contracts, equities, and foreign exchange derivatives, along with trusted clearing and settlement services [3] - The company has successfully launched innovative contracts like the Micro E-mini S&P 500 and SOFR futures, contributing to significant trading volume growth [4] Growth Drivers - Structural drivers for CME's growth include rising market volatility, increasing global demand for hedging, and greater adoption of clearing and data services [4] - CME's business model is designed to create durable value, emphasizing financial stability and risk management for global market participants [5] Market Position - CME's infrastructure is deeply embedded in market structures, making it difficult to replace, and its liquidity attracts further participation, enhancing its competitive advantage [3][4] - The company has demonstrated a consistent ability to compound shareholder value over the long term through innovation and scale [5]

Group 1 - CME Group is planning to introduce options contracts on Solana (SOL-USD) and XRP (XRP-USD) futures [2] - This initiative is based on the significant growth and increasing liquidity observed in the suite of Solana and XRP futures [2]

Group 1 - Sands Capital Global Growth Strategy reported a portfolio return of 21.7% in Q2 2025, outperforming the MSCI ACWI index which returned 11.5% [1] - The second quarter results marked the fourth best performance in both absolute and relative terms since the fund's inception in 2008 [1] Group 2 - Intercontinental Exchange, Inc. (NYSE:ICE) is highlighted as a key stock, with a one-month return of -5.46% and a 52-week gain of 6.31% [2] - As of September 16, 2025, Intercontinental Exchange, Inc. had a stock price of $171.40 and a market capitalization of $98.113 billion [2] - The company operates as one of the largest financial exchanges and clearinghouses, focusing on a diverse range of contracts including crude oil, gas, and agricultural commodities [3] - ICE has developed an integrated platform for mortgage origination, closing, and servicing, which includes datasets for cross-selling to financial service companies [3] - The company is expected to sustain above-average earnings growth through organic growth, margin expansion, capital returns, and strategic mergers and acquisitions [3]

Summary of Key Points from Conference Call Records Industry Overview China Internet - Focus on multi-modal AI infrastructure with renewed narratives following Alibaba's cloud and capital expenditure performance [1] - Significant developments in AI infrastructure, including new AI model launches such as Alibaba's Qwen3-Next and AI assistants from transaction platforms [1] - Positive growth outlook for companies with AI models and inference chip capabilities, supported by insights from US peers at recent conferences [1] China Consumer - Softer demand and pricing trends observed in 2Q25, with a cautious outlook for the second half of the year due to demand uncertainty [2] - Categories like sportswear and spirits are facing downside risks in pricing, while the restaurant sector is experiencing intensified pricing activity [2] - Structural growth opportunities remain, including demand for experience-based consumption and expansion in lower-tier cities [2] China Spirits - Spirits companies are under pressure due to the anti-extravagance policy, leading to a focus on channel health through destocking and tighter shipment discipline [5] - Expected sales decline of 5-27% in 3Q across coverage, with Moutai expected to remain flat and Wuliangye down 9% [5] - Forecasts for super-premium and upper-mid-end spirits sales and net profit have been cut by up to 6%/8% and 17%/28%, respectively [5] GlobalWafers - Upgraded to Buy based on signs of bottoming in the memory sector and expansion into advanced nodes in the US [6] - Shift towards high-value specialty wafers (SiC, GaN) expected to drive long-term growth and margin expansion [6] - Target price raised to NT$600 from NT$380, with EPS estimates revised up by 7-11% for 2026-2027 [6] Japan Real Estate - Office vacancy rates in Tokyo have decreased from 6% to 2%, driven by increased demand for well-located offices [8] - New office asking rents are growing at a CAGR above 4%, leading to an average target price increase of 8% across Japan real estate coverage [8] Transsion - Downgraded to Neutral due to slowing smartphone shipment growth, despite positive outlook for market share gains and product mix upgrades [8] - Recent shipment growth slowed to -15% YoY in 1H25, but expected to recover to +20% YoY in 2H25 [8] - New target price set at Rmb99, reflecting current trading levels [8] Key Financial Metrics - Alibaba Cloud valuation increased to US$43 per ADS, with cloud growth assumptions lifted to 30-32% YoY for 2Q-4Q FY26E [1] - Alibaba's 12-month target price raised to US$179/HK$174 from US$163/HK$158 [1] - Budweiser APAC's 12-month target price set at HK$9, reflecting strong product portfolio and innovation capabilities [5] Additional Insights - The cautious outlook in the China consumer sector is attributed to macroeconomic factors and policy impacts, which may affect investment decisions [2] - The spirits sector's focus on inventory normalization may lead to short-term softness but could facilitate a quicker recovery [5] - GlobalWafers' strategic pivot towards specialty wafers is seen as a key driver for future growth amidst a recovering memory sector [6]

Core Insights - CME Group announced record open interest of over 1 million contracts (equivalent to $365 billion notional) and a single-day volume record of 109,000 contracts (equivalent to $40 billion notional) for its Adjusted Interest Rate (AIR) Total Return futures on September 11, 2025 [1] - The average daily volume for AIR Total Return futures in 2025 stands at a record 25,000 contracts, reflecting an 80% year-over-year increase [2] - Institutional investors are increasingly utilizing AIR Total Return futures to access U.S. index returns while managing interest rate, balance sheet, and counterparty risks [3] Product Details - AIR Total Return futures are based on the Effective Federal Funds Rate and are available for major global indices including S&P 500, Nasdaq-100, Russell 1000, Russell 2000, and Dow Jones Industrial Average [3] - AIR Total Return futures based on the Secured Overnight Financing Rate (SOFR) are also available on the S&P 500 [3] Market Position - CME Group is recognized as the world's leading derivatives marketplace, enabling clients to trade a wide range of products including futures, options, and OTC markets [5] - The company provides capital efficiencies in equity markets, allowing clients to better manage their equity financing risk through trading calendar spreads [3]