Core Viewpoint - Nasdaq (NDAQ) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, supported by a solid history of exceeding expectations [1]. Earnings Performance - Nasdaq has a strong track record of surpassing earnings estimates, particularly in the last two quarters, with an average surprise of 5.51% [2]. - In the last reported quarter, Nasdaq achieved earnings of $0.88 per share, exceeding the Zacks Consensus Estimate of $0.84 per share, resulting in a surprise of 4.76% [3]. - For the previous quarter, the company was expected to report earnings of $0.80 per share but delivered $0.85 per share, yielding a surprise of 6.25% [3]. Earnings Estimates and Predictions - Recent estimates for Nasdaq have been trending upward, with a positive Zacks Earnings ESP (Expected Surprise Prediction), indicating a strong likelihood of an earnings beat [6]. - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of exceeding consensus estimates [7]. - Nasdaq currently has an Earnings ESP of +1.21%, reflecting a bullish sentiment among analysts regarding the company's earnings prospects [8]. Upcoming Earnings Report - The next earnings report for Nasdaq is expected to be released on January 29, 2026 [8].

Core Viewpoint - S&P Global (SPGI) has consistently beaten earnings estimates and is well-positioned for future earnings surprises, particularly with its upcoming quarterly report expected on February 10, 2026 [1][8]. Earnings Performance - In the most recent quarter, S&P Global reported earnings of $4.73 per share, exceeding the expected $4.4 per share, resulting in a surprise of 7.50% [2]. - For the previous quarter, the company reported $4.43 per share against an expectation of $4.25 per share, leading to a surprise of 4.24% [2]. Earnings Estimates and Predictions - Estimates for S&P Global have been trending higher, influenced by its history of earnings surprises [5]. - The company currently has a positive Earnings ESP of +1.70%, indicating increased analyst optimism regarding its near-term earnings potential [8]. - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a strong likelihood of another earnings beat [8]. Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Group 1: Momentum Style Score - Nasdaq (NDAQ) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The Momentum Style Score is complemented by the Zacks Rank, with Nasdaq rated 2 (Buy), suggesting a favorable outlook for performance [4] Group 2: Price Performance - Over the past week, NDAQ shares increased by 1.63%, while the Zacks Securities and Exchanges industry rose by 2.39% [6] - In a longer timeframe, NDAQ shares have appreciated by 11.88% over the last three months and 30.51% over the past year, outperforming the S&P 500's gains of 6.77% and 21.08% respectively [7] Group 3: Trading Volume - NDAQ's average 20-day trading volume is 3,230,968 shares, which serves as a bullish indicator when combined with rising stock prices [8] Group 4: Earnings Outlook - In the last two months, five earnings estimates for NDAQ have been revised upwards, increasing the consensus estimate from $3.41 to $3.43 [10] - For the next fiscal year, four estimates have also moved higher, with no downward revisions noted [10] Group 5: Conclusion - Considering all factors, NDAQ is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a strong candidate for near-term investment [12]

Core Insights - The financial sector is positioned as a leading investment opportunity as the stock market approaches all-time highs, influenced by policy uncertainty, tariffs, and inflation pressures that maintain higher interest rates for an extended period [1][2] Financial Sector Performance - Big banks have significantly outperformed the broader indexes, with Citigroup achieving a year-to-date return of +68% and JPMorgan at +35% [3] - The Zacks Finance Market has a year-to-date performance of +18%, slightly trailing the S&P 500 and Nasdaq [4] Dividends and Valuations - The average annual dividend yield in the Zacks Finance Market is 2%, compared to 1% for the S&P 500, making finance stocks attractive for dividend-seeking investors [5] - The finance market's forward P/E multiple is 19X, which is lower than the tech sector's inflated valuations and below the benchmark's 26X [9] Industry Rankings - The Securities and Exchanges Industry is currently the top-rated industry within the Zacks Finance Market, ranking in the top 10% of over 240 Zacks industries [11] - Stocks in the Securities and Exchanges Industry, such as Nasdaq and S&P Global, are benefiting from positive EPS revisions and hold a Zacks Rank 2 (Buy) [12] Overall Sector Outlook - The Zacks Finance Market is rated as the second-best sector out of 16, with the Computer and Technology Market being the only sector with higher-rated sub-industries, making finance a preferred choice for investors seeking value and dividends [13]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Nasdaq (NDAQ) - Nasdaq currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook based on historical performance metrics [3] Performance Metrics - Over the past week, Nasdaq shares increased by 1.91%, outperforming the Zacks Securities and Exchanges industry, which rose by 1.24% [5] - In the last month, Nasdaq's price change was 10.2%, significantly higher than the industry's 4.97% [5] - Over the past quarter, Nasdaq shares rose by 9.86%, and over the last year, they increased by 25.05%, while the S&P 500 only moved 3.01% and 17.28% respectively [6] Trading Volume - Nasdaq's average 20-day trading volume is 3,828,513 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 5 earnings estimates for Nasdaq have been revised upwards, increasing the consensus estimate from $3.40 to $3.43 [9] - For the next fiscal year, 4 estimates have also moved higher, with no downward revisions noted [9] Conclusion - Considering the strong performance metrics and positive earnings outlook, Nasdaq is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: CBOE Global - CBOE Global currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Performance Metrics - CBOE shares have increased by 2.21% over the past week, matching the performance of the Zacks Securities and Exchanges industry [6] - Over the past quarter, CBOE shares have risen by 8.92%, and over the last year, they have gained 20.47%, significantly outperforming the S&P 500, which increased by 5.76% and 14.27% respectively [7] Trading Volume - The average 20-day trading volume for CBOE is 717,597 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, 10 earnings estimates for CBOE have been revised upwards, raising the consensus estimate from $9.66 to $10.15 [10] - For the next fiscal year, 9 estimates have also moved higher, with no downward revisions noted [10] Conclusion - Considering the strong performance metrics and positive earnings outlook, CBOE Global is identified as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12]

Core Insights - OTC Markets Group Inc. reported quarterly earnings of $0.71 per share, exceeding the Zacks Consensus Estimate of $0.62 per share, and showing an increase from $0.61 per share a year ago, resulting in an earnings surprise of +14.52% [1] - The company achieved revenues of $31.64 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.17% and increasing from $27.39 million year-over-year [2] Earnings Performance - Over the last four quarters, OTC Markets Group has surpassed consensus EPS estimates only once, while it has topped consensus revenue estimates four times [2] - The current consensus EPS estimate for the upcoming quarter is $0.66, with expected revenues of $30.2 million, and for the current fiscal year, the estimate is $2.44 on revenues of $121.21 million [7] Stock Performance and Outlook - OTC Markets Group shares have increased by approximately 4.2% since the beginning of the year, in contrast to the S&P 500's gain of 16.4% [3] - The company's Zacks Rank is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Securities and Exchanges industry, to which OTC Markets Group belongs, is currently ranked in the top 11% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Core Insights - A compelling and diversified product portfolio is driving revenues for players in the Zacks Securities and Exchanges industry, with expected benefits from rising trading volumes, product expansion, and increased adoption of crypto assets [1] - The industry is experiencing a shift towards non-trading revenue sources, which enhances business dynamism and stability [4] - Mergers and acquisitions are accelerating as companies seek growth and innovation [5] - Continuous investment in technology, particularly AI and blockchain, is crucial for enhancing competitiveness and operational efficiency [6][7] Industry Overview - The Zacks Securities and Exchanges industry includes companies that operate electronic marketplaces for trading stocks, options, bonds, and commodities, generating revenue from fees and data services [2] - The industry is witnessing increased adoption of crypto assets, but faces challenges due to regulatory compliance [2] Trends Impacting the Industry - Volatility is driving trading volume, with a projected market size of $49.6 billion by 2028, growing at a CAGR of 12.1% [3] - Companies are diversifying into recurring revenue sources to reduce reliance on trading income, focusing on data services and technology platforms [4] - M&A activity is on the rise, with firms pursuing strategic deals to enhance competitiveness [5] Technology Investments - Industry players are increasing technology investments to improve market models and operational efficiency, leveraging AI and blockchain [6][7] Industry Performance - The Zacks Securities and Exchanges industry ranks 28, placing it in the top 11% of 244 Zacks industries, indicating positive near-term prospects [8] - The industry has underperformed compared to the broader Zacks Finance sector and the S&P 500, with a year-to-date gain of 5.4% versus 13.3% and 16.1% respectively [12] Valuation Metrics - The industry is currently trading at a trailing P/E of 23.57X, compared to the S&P 500's 23.2X and the sector's 17.5X [15] Company Highlights - Cboe Global Markets is positioned for growth with an expanding product line and recurring revenues [19] - S&P Global is well-positioned to benefit from the demand for business information services, with a focus on innovation through acquisitions [28] - Nasdaq is enhancing its non-trading revenue base and focusing on technology and analytics [26] - CME Group is the largest futures exchange, with growth driven by product expansion and global presence [31]

Core Insights - CBOE Global reported quarterly earnings of $2.67 per share, exceeding the Zacks Consensus Estimate of $2.53 per share, and up from $2.22 per share a year ago [1] - The company achieved revenues of $605.5 million for the quarter, surpassing the Zacks Consensus Estimate by 2.14%, compared to $532 million in the same quarter last year [3] Earnings Performance - The earnings surprise for the quarter was +5.53%, with the company having surpassed consensus EPS estimates three times over the last four quarters [2] - CBOE's earnings for the previous quarter were $2.46 per share, against an expectation of $2.42, resulting in a surprise of +1.65% [2] Stock Performance - CBOE shares have increased approximately 21.2% since the beginning of the year, outperforming the S&P 500's gain of 16% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.35 on revenues of $572.14 million, and for the current fiscal year, it is $9.84 on revenues of $2.3 billion [8] - The Zacks Industry Rank places the Securities and Exchanges sector in the top 18% of over 250 Zacks industries, suggesting a favorable outlook for the industry [9]

Core Insights - IntercontinentalExchange (ICE) reported quarterly earnings of $1.71 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and up from $1.55 per share a year ago [1] - The earnings surprise for this quarter was +5.56%, and ICE has surpassed consensus EPS estimates in all four of the last quarters [2] - The company posted revenues of $2.41 billion for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.07%, but up from $2.35 billion year-over-year [3] Earnings Performance - ICE's earnings surprise of +5.56% indicates strong performance relative to expectations [2] - The company has consistently exceeded EPS estimates, achieving this in four consecutive quarters [2] - Revenue growth was noted, with a year-over-year increase from $2.35 billion to $2.41 billion, despite missing the consensus estimate [3] Market Position and Outlook - ICE shares have increased by approximately 1.1% since the beginning of the year, underperforming compared to the S&P 500's gain of 17.2% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for upcoming earnings [4][5] - Current consensus EPS estimate for the next quarter is $1.65, with expected revenues of $2.43 billion, and for the current fiscal year, the EPS estimate is $6.83 on revenues of $9.86 billion [8] Industry Context - The Securities and Exchanges industry, to which ICE belongs, is currently ranked in the top 18% of over 250 Zacks industries, indicating a favorable industry outlook [9] - The performance of ICE's stock may be influenced by the overall industry trends, as top-ranked industries tend to outperform lower-ranked ones significantly [9]