Core Insights - Cboe Global Markets, Inc. (CBOE) is a significant player in the financial exchange sector with a market capitalization of $26.1 billion, operating one of the largest derivatives and securities exchanges globally [1][2] Company Performance - CBOE's stock is currently trading 4.8% below its 52-week high of $262.98, achieved on November 12, and has seen a 5.7% increase over the past three months, outperforming the State Street Financial Select Sector SPDR ETF (XLF) [3] - Over the past 52 weeks, CBOE shares have surged 23.3%, significantly outpacing XLF's 9.3% increase, and on a year-to-date basis, CBOE is up 27.8% compared to XLF's 12.6% return [4] - Following a strong Q3 earnings report on October 31, CBOE's shares rose 3.7%, with total revenue reaching a record $1.1 billion, an 8.1% year-over-year increase, and adjusted EPS hitting a record high of $2.67, up 20.3% from the previous year [5] Competitive Position - CBOE has outperformed its competitor, Intercontinental Exchange, Inc. (ICE), which saw a 2% increase over the past 52 weeks and an 8.2% rise year-to-date [6] - Despite CBOE's strong performance, analysts maintain a cautious outlook, with a consensus rating of "Hold" and a mean price target of $256.86, indicating a 2.4% premium to current price levels [6]

Nasdaq, Inc. (NDAQ) is a leading financial services and technology company that operates stock exchanges and provides market data, analytics, financial technology tools, and listing services across global capital markets. The firm runs the NASDAQ Stock Market along with other U.S. exchanges. Headquartered in New York, Nasdaq has a market cap of $51.7 billion. Companies worth $10 billion or more are typically classified as “large-cap stocks,” and Nasdaq fits the label perfectly, with its market cap exceedi ...

Advancing Essential Intelligence 1 Safe Harbor statement under the Private Securities Litigation Reform Act of 1995 This presentation contains "forward-looking statements," as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management's current views concerning future events, trends, contingencies or results, appear at various places in this presentation and use words like "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "futur ...

LSEG Group Strategy and Performance - LSEG's diversified business model delivers strong financial performance, with 73% high-quality recurring revenues and structurally growing transactional revenues[26, 27] - LSEG has a track record of uncorrelated, all-weather growth, delivering Earnings per Share (EPS) CAGR of 15% and Dividend per Share (DPS) CAGR of 18% over the last 20 years[32, 34] - Free cash flow continues to trend upward, expected to hit £2.4 billion in 2025[36] - LSEG has delivered £292 million revenue and £562 million cost synergies[48] Data & Analytics Strategy and Monetization - Data & Analytics represents 47% of LSEG's £3.9 billion income in 2024[13] - LDAs are forecast to account for 17% of D&A ASV by the end of 2025[68] - Tick History is experiencing 39% p a growth in use[155] - Since 2021, D&A revenue growth has been accelerating, with >5 0% organic constant currency growth expected in FY2025[161] AI Strategy and Engineering Transformation - LSEG is the global 1 in real-time data[107] - LSEG's engineering transformation strategy focuses on Exceptional Talent, Common Platforms, and Product Discipline to accelerate product development and AI adoption[92, 93] - LSEG is transforming data onboarding and customer operations with AI, achieving results such as 9x faster content extraction and a 51% FTE reduction in the central sourcing team[127, 128] New Products and Services - ForexClear clears only 1% of the FX market, driven by FX Options and NDFs, which are subject to the Uncleared Margin Rules (UMR), generating over £50 million in annual revenue[380] - The Private Securities Market (PSM) charges companies an admission fee of £25,000 a year for access to 2 auctions, buyers will pay 0 75% on value of shares bought, sellers will pay 1% on value of shares sold[360, 361]

Company Overview - Coinbase Global, Inc. (COIN) is a leading cryptocurrency exchange and fintech infrastructure provider, founded in 2012, with a market cap of $75 billion and serving over 100 million users globally [1] - The company is categorized as a large-cap stock due to its market cap exceeding $10 billion, reflecting its significant size and influence in the financial data and stock exchanges industry [2] Financial Performance - In Q2, Coinbase reported total revenue of $1.5 billion, a 3.3% year-over-year increase, but fell short of expectations as transaction revenue decreased by 2.1% [5] - Adjusted EBITDA declined by 14% to $512.1 million, and adjusted EPS dropped to $0.12, marking an 89.1% year-over-year decline and missing analyst estimates by nearly 90% [5] Stock Performance - COIN stock has experienced a 23% decline from its 52-week high of $444.64 reached on July 18, but has grown 16% over the past three months, outperforming the S&P 500 Index, which returned 11.4% [3] - Year-to-date, COIN stock has increased by 37.9%, compared to the S&P 500's 13.3% rise in 2025, and has surged 103.6% over the past 52 weeks, outpacing the S&P 500's 16.6% increase [4] - The stock has been trading above its 200-day moving average since mid-May and has recently surpassed its 50-day moving average, indicating a potential uptrend [4] Analyst Sentiment - Among the 32 analysts covering COIN, the consensus rating is a "Moderate Buy," with a mean price target of $375.96, suggesting a potential upside of 9.8% from current price levels [6]

Group 1 - Darden Restaurants Inc. (DRI) is expected to report quarterly earnings of $2.00 per share with revenue of $3.04 billion [2] - Bullish BLSH reported a profit of 93 cents per share for the second quarter, recovering from a loss of $1.03 per share a year ago, with revenue increasing to $58.63 million from $49.57 million [2] - Factset Research Systems Inc. (FDS) is anticipated to post quarterly earnings of $4.13 per share on revenue of $593.45 million [2] - 89bio Inc. (ETNB) has agreed to be acquired by Roche for $14.50 per share, representing a 79% premium to its closing stock price on September 17 [2] - FedEx Corp. (FDX) is expected to report quarterly earnings of $3.62 per share with revenue of $21.67 billion [2]

Core Insights - Nasdaq, Inc. is a leading global financial technology firm with a market cap of $54.3 billion, known for operating the Nasdaq Stock Market and providing a wide range of services [1][2] Company Overview - Nasdaq is classified as a "large-cap stock" due to its market cap exceeding $10 billion, highlighting its size and influence in the financial data and stock exchanges industry [2] - The company has a diverse revenue stream from trading, listings, data, and technology services, positioning it as a tech-forward leader in financial markets [2] Stock Performance - Nasdaq's stock has dropped 1.8% from its 52-week high of $97.63 on August 11, but has increased by 10.5% over the past three months, outperforming the S&P 500 Index, which returned 9.4% in the same period [3] - Year-to-date, Nasdaq shares have climbed 24%, significantly outpacing the S&P 500's 12% gain, and over the past 52 weeks, the stock has surged 33%, compared to the S&P 500's 18.6% increase [4] - Nasdaq has consistently traded above its 50-day and 200-day moving averages since early May, indicating strong bullish momentum [4] Financial Performance - Following the release of strong Q2 results on July 24, Nasdaq's stock jumped 5.9%, with revenues net of transaction expenses reported at $1.3 billion, up 12.7% year-over-year, exceeding consensus estimates [5] - Non-GAAP net earnings increased by 23.9% to $492 million, and adjusted EPS of $0.85 surpassed Wall Street expectations by 6.3% [5] Competitive Position - Nasdaq has outperformed its rival, Cboe Global Markets, Inc., which gained 11.6% over the past 52 weeks and 21% in 2025 [6] - The stock has a consensus rating of "Moderate Buy" from 21 analysts, with a mean price target of $103.67, implying an 8.1% upside from current market prices [6]

Company Overview - MSCI Inc. is a leading provider of investment decision support tools, known for its global indexes, risk and portfolio analytics, and ESG/climate solutions, with a market cap of $44 billion [1] - The company operates under four segments: Index, Analytics, ESG and Climate, and All other- Private Assets [1] Market Position - MSCI is categorized as a large-cap stock, with a market cap exceeding $10 billion, reflecting its substantial size and influence in the Financial Data & Stock Exchanges industry [2] - The company benefits from high margins and sticky clients, despite facing risks from market volatility, rising costs, and competition from other index and data providers [3] Stock Performance - MSCI's stock has retreated 12.3% from its 52-week high of $642.45, reached on December 12, 2024, and has grown marginally over the past three months, underperforming the broader Dow Jones Industrial Average's 6.1% rise [3] - Over the past 52 weeks, MSCI shares have risen marginally, underperforming the Dow Jones Industrial Average's 11.7% returns, and are down 6.1% year-to-date compared to the Dow's 6.9% uptick [4] Financial Results - In Q2 2025, MSCI reported strong results with revenue climbing nearly 9% to $772.7 million and adjusted EPS rising 15% to $4.17, both exceeding analyst expectations [5] - Despite the strong financial results, MSCI shares fell about 8.9% as investors focused on weaker net new subscriptions and headwinds in ESG-related growth [5] Analyst Sentiment - Analysts maintain a moderately optimistic outlook for MSCI, with a consensus rating of "Moderate Buy" from 20 analysts and a mean price target of $631.81, implying a premium of 12.2% from current market prices [6]