Nasdaq Scales 52-Week High: Can It Sustain The Bull Run?
Zacks Investment Research | May 22, 2018 11:09PM ET
Shares of Nasdaq Inc. (NASDAQ:NDAQ) hit a new 52-week high of $91.94 on May 22, banking on solid April volumes as well as strong first-quarter results. With about 0.9 million shares traded in the last session, the stock closed at $91.51, gaining 0.3%.
Solid Q1 Results
Nasdaq's bottom line of $1.24 outpaced the Zacks Consensus Estimate by 5.1% and improved 31% year over year on higher revenues, sturdy volumes, a lower tax incidence and solid market share.
Shares of the company have gained 4.2% since it posted strong first-quarter results, outperforming the .
CME Group operates contract markets for the trading of futures and options on futures contracts worldwide. It pulled off an average four-quarter positive surprise of 1.86%.
Navigators Group underwrites marine, property and casualty plus professional liability insurance products and services in the United States and worldwide. The company came up with positive earnings surprises in three of the trailing four quarters, with an average beat of 14.66%.
Progressive Corporation provides personal and commercial auto insurance, residential property insurance and other specialty property-casualty insurance and related services, primarily in the United States. The company pulled off positive surprises in three of the last four quarters, with an average beat of 6.23%.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.