Buy Signal on Nasdaq Inc (NDAQ-US)
Our system also triggered an Enter Long Tactical signal on September 22, 2021 that imply a likely bullish acceleration. Nasdaq has a solid track record, with a Behavioral score of 10/10, strengthening the confidence in the short term signal.
Nasdaq Inc is a $ 32.2 Bn market cap and a global technology company serving the capital markets and other industries. The Company provides its products and services in four business segments. The Market Services segment includes its equity derivative trading and clearing, cash equity trading, fixed income and commodities trading and clearing (FICC) and trade management services businesses. The Corporate Platforms segment includes its listing services, and investor relations and environmental, social and governance (IR & ESG) services businesses. The Investment Intelligence segment includes its market data, index and analytics businesses. The Market Technology segment is a global technology solutions provider and partner to exchanges, clearing organizations, central securities depositories, regulators, banks, brokers, buy-side firms and corporate businesses.
Nasdaq is a company operating in the financial data & stock exchanges industry, with a product portfolio that goes well beyond market services based on transaction revenue.
The company owns the single largest equity market in the United States. The company also has the number one market share in U.S. equity derivatives and Nordic equities (Nasdaq Baltic exchanges). Its corporate platform includes listing services like IPO's (including SPACs) and direct listings. It also includes companies that switch from alternative exchanges. In 2020, the company supported 316 IPOs, 20 switches from other exchanges, 46 upgrades from OTC and other listings.
Nasdaq sells proprietary data to customers and develops and licenses Nasdaq-branded indexes and financial products. Since 2017 sales have grown by roughly 8% per year (CAGR).
Short term catalyst : IPO’s, SPACS.
This signal looks consistent with the Strong % participation of stocks in Strategic signals into the Financial Services, while the % of participation in Tactical signals remain weak.