Intercontinental Exchange Stock (NYSE: ICE)

Intercontinental Exchange Stock (NYSE:ICE), Trade Ideas

Intercontinental Exchange

Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).

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The New York Stock Exchange (NYSE) is currently seeking feedback from market participants regarding the potential benefits of implementing a 24/7 trading schedule, similar to the trading of cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: 

New York Stock Exchange Seeks Opinion If It Should Trade 24/7 Like Bitcoin, Ethereum As SEC Examines Steve Cohen-Backed Proposal

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Intercontinental Exchange Inc. Common Stock

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The New York Stock Exchange (NYSE) is currently seeking feedback from market participants regarding the potential benefits of implementing a 24/7 trading schedule, similar to the trading of cryptocurrencies such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). This move coincides with regulatory scrutiny of a proposal for the first-ever continuous exchange, which has the backing of Steve Cohen.
What Happened: The NYSE, a part of the Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), is actively seeking opinions on the possibility of trading stocks round the clock, <a href="https://www.ft.com/content/31c3a55b-9af9-4158-8a49-4397540571bf">reported</a> the Financial Times on Monday. 
The survey, conducted by the NYSE&#8217;s data analytics team, underscores the increasing interest in trading major stocks such as Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) during the overnight hours.
The surge in retail investor activity, initially sparked by the COVID-19 pandemic lockdowns, and the continuous trading of cryptocurrencies have been key drivers of this discussion.
While other major markets, including U.S. Treasuries, major currencies, and leading stock index futures, can be traded around the clock, stock exchanges have been relatively slow to adapt. However, several retail brokers, such as Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Interactive Brokers, now offer 24-hour weekday access to U.S. stocks.
"I have no idea how much volume they're going to be doing in the middle of the night. But it's really not up to the SEC to decide whether it's commercially viable or not. I'm in favour of letting the market decide. If it succeeds, we're all better off and if it doesn't, well, the exchange's investors lost," said James Angel, a finance professor at Georgetown University, who filed a letter supporting 24X's plan.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38328808/has-robinhood-halted-24-hour-trading-social-media-explodes-with-screenshots-and-theories-tomorro?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Has Robinhood Halted 24-Hour Trading? Social Media Explodes With Screenshots And Theories: &#8216;Tomorrow Is N</a>
The NYSE survey seeks opinions on various aspects of round-the-clock trading, including whether it should be extended to weekends, how investors should be protected from price fluctuations, and how overnight sessions should be staffed.
Meanwhile, the SEC is reviewing a proposal for the first 24/7 exchange, backed by Steve Cohen&#8217;s Point72 hedge fund. The SEC has several months to scrutinize the plans, and no issues have been raised with the proposal as of Friday.
Why It Matters: The potential shift to 24-hour trading is a significant development in the financial markets. This move could have a profound impact on the global trading landscape, especially with the rise of retail investors and the increasing popularity of cryptocurrencies. 
Robinhood recently faced speculation about a <a href="https://www.benzinga.com/markets/equities/24/04/38328808/has-robinhood-halted-24-hour-trading-social-media-explodes-with-screenshots-and-theories-tomorro">halt in its 24-hour trading</a> service, further highlighting the potential impact of changes in trading hours on the market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38348301/bitcoin-halving-elon-musks-dogecoin-tweet-solanas-rise-and-more-this-week-in-cryptocurrenc?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Halving, Elon Musk&#8217;s Dogecoin Tweet, Solana&#8217;s Rise And More: This Week In Cryptocurrency</a>
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B of A Securities analyst Craig Siegenthaler maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy and lowers the price target from $156 to $153.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Intercontinental Exchange, Lowers Price Target to $153

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 2.23% on an annualized basis producing an average annual return of 12.9%. Currently, Intercontinental Exchange has a market capitalization of $76.51 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 10 years ago, it would be worth $3,368.68 today based on a price of $133.42 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712932224_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,400 Today

Morgan Stanley analyst Michael Cyprys maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Equal-Weight and raises the price target from $139 to $142.

Morgan Stanley Maintains Equal-Weight on Intercontinental Exchange, Raises Price Target to $142

Investors with a lot of money to spend have taken a bullish stance on Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ICE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 15 options trades for Intercontinental Exchange.
This isn't normal.
The overall sentiment of these big-money traders is split between 66% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $32,200, and 14, calls, for a total amount of $565,743.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $140.0 for Intercontinental Exchange over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Intercontinental Exchange's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Intercontinental Exchange's whale trades within a strike price range from $130.0 to $140.0 in the last 30 days. 
<h3>Intercontinental Exchange Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712599256_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.9</td>
<td>$16.6</td>
<td>$16.6</td>
<td>$130.00</td>
<td>$56.4K</td>
<td>2.6K</td>
<td>0</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.3</td>
<td>$3.1</td>
<td>$3.3</td>
<td>$140.00</td>
<td>$49.0K</td>
<td>250</td>
<td>1.8K</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$3.2</td>
<td>$3.1</td>
<td>$3.1</td>
<td>$140.00</td>
<td>$47.7K</td>
<td>250</td>
<td>3.6K</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$3.0</td>
<td>$2.85</td>
<td>$2.95</td>
<td>$140.00</td>
<td>$45.6K</td>
<td>250</td>
<td>257</td>
</tr>
<tr>
<td>ICE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.0</td>
<td>$2.95</td>
<td>$3.0</td>
<td>$140.00</td>
<td>$43.5K</td>
<td>250</td>
<td>537</td>
</tr>
</tbody>
</table>

<h3>About Intercontinental Exchange</h3>
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
Having examined the options trading patterns of Intercontinental Exchange, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Intercontinental Exchange</h3>
<ul>
<li>Trading volume stands at 765,257, with ICE's price down by -0.22%, positioned at $137.56.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 24 days.</li>
</ul>
<h3>What Analysts Are Saying About Intercontinental Exchange</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $155.66666666666666.
<ul>
<li>Consistent in their evaluation, an analyst from Keefe, Bruyette &amp; Woods keeps a Outperform rating on Intercontinental Exchange with a target price of $152. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Intercontinental Exchange, targeting a price of $155. </li>
<li>Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Intercontinental Exchange, targeting a price of $160. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Intercontinental Exchange options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Spotlight on Intercontinental Exchange: Analyzing the Surge in Options Activity

Barclays analyst Benjamin Budish maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Overweight and raises the price target from $153 to $155.

Barclays Maintains Overweight on Intercontinental Exchange, Raises Price Target to $155

11 analysts have shared their evaluations of Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $152.45, a high estimate of $164.00, and a low estimate of $139.00. This current average reflects an increase of 8.27% from the previous average price target of $140.80. 
<img src="https://www.benzinga.com/files/images/story/2024/1712250050_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The analysis of recent analyst actions sheds light on the perception of Intercontinental Exchange by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Christopher Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Kyle Voigt</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$152.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Cyprys</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$139.00</td>
<td>$133.00</td>
</tr>
<tr>
<td>Christopher Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$155.00</td>
<td>$146.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$153.00</td>
<td>$148.00</td>
</tr>
<tr>
<td>Alex Kramm</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$160.00</td>
<td>$145.00</td>
</tr>
<tr>
<td>Patrick Moley</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$149.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Ken Worthington</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$151.00</td>
<td>$142.00</td>
</tr>
<tr>
<td>Andrew Bond</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$164.00</td>
<td>$154.00</td>
</tr>
<tr>
<td>Christopher Allen</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$146.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Benjamin Budish</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$148.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Intercontinental Exchange. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Intercontinental Exchange compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Intercontinental Exchange's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Intercontinental Exchange's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/ICE/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Intercontinental Exchange analyst ratings.</a>
<h2>About Intercontinental Exchange</h2>
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
<h3>Intercontinental Exchange's Economic Impact: An Analysis</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Positive Revenue Trend: Examining Intercontinental Exchange's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 12.16% as of 31 December, 2023, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Financials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 13.99%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.46%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Intercontinental Exchange's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.27%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.89, caution is advised due to increased financial risk.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 11 Analyst Projections For Intercontinental Exchange

Citigroup analyst Christopher Allen maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Buy and raises the price target from $155 to $160.

Citigroup Maintains Buy on Intercontinental Exchange, Raises Price Target to $160

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Outperform and maintains $152 price target.

Keefe, Bruyette & Woods Maintains Outperform on Intercontinental Exchange, Maintains $152 Price Target

Intercontinental Exchange Reports Total Mar. Avg. Daily Volume Up 4% YoY

The recent surge in meme stocks has investors on the edge, with many looking for a less volatile way to capitalize on the trend.
What Happened: Investors are exploring alternative ways to profit from meme stocks, such as those popularized by Reddit and X, formerly known as Twitter. These stocks, often linked to social media platforms, have attracted retail investors seeking quick returns, <a href="https://www.cnbc.com/2024/04/03/feeling-fomo-over-reddit-or-truth-social-heres-another-way-to-cash-in-on-meme-stocks.html">reported</a> CNBC.
Hannah Gooch-Peters, a global equity investment analyst at Sanlam Investments, suggests a less risky approach. She advises investors to consider the exchanges themselves, citing Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) as an example. ICE, which owns the New York Stock Exchange and several other exchanges, generates revenue from every trade at its venues.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38016366/bitcoin-ethereum-dogecoin-spike-marking-an-end-to-bullish-q1-2024-analyst-says-king-crypto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Spike Marking An End To Bullish Q1 2024 — Analyst Says King Crypto Could Asce</a>
Despite the recent surge in meme stock trading, Gerry Fowler, chief European equity strategist at UBS, warns that the market structure has changed significantly. Quantitative funds play a more significant role in daily fluctuations, which puts retail investors at a disadvantage when trading.
"If you want to compound your wealth over the long term, look out over five to 10 years. And I think that really is the sweet spot," he said.
Why It Matters: The meme stock phenomenon has been a topic of interest in the financial world for some time. In a recent article, Jim Cramer suggested that Affirm Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) was experiencing a similar surge driven by retail investors. This trend has continued into 2024, with the resurgence of meme stocks such as Reddit and Truth Social.
Meanwhile, Gooch-Peters recently drew <a href="https://www.benzinga.com/news/24/04/38016407/better-than-nvidia-top-investor-touts-this-payment-firms-durable-profits-more-sustainable">attention to payments firm</a> Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) with profit margins comparable to those of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) but considered a more sustainable investment. This suggests that there are alternative investment opportunities beyond the meme stock trend.
Read Next: <a href="https://www.benzinga.com/news/24/04/38030620/trump-media-technology-group-stock-is-tumbling-monday-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Net Worth Drops More Than $1B After His Social Media Company Discloses Tens Of Millions In Losses</a>
Image Via Shutterstock 
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 Engineered by Benzinga Neuro, Edited by 
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Forget Reddit And Trump Media: Here's A Less Volatile Way To Cash In On Meme Stocks

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 10 years by 2.39% on an annualized basis producing an average annual return of 13.12%. Currently, Intercontinental Exchange has a market capitalization of $78.67 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 10 years ago, it would be worth $3,556.49 today based on a price of $137.38 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711641614_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Intercontinental Exchange 10 Years Ago Would Be Worth Today

Reported Earlier, ICE Selected By Kasikorn Securities For Enhanced Portfolio Analytics And Risk Management For Derivatives

On Thursday, the investment firm led by Cathie Wood, Ark Invest, made a significant move by purchasing shares of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) even as the company faces fresh legal challenges.
The Meta Trade
On Thursday, Ark Invest purchased a total of 90,253 Meta Platforms shares through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). The trade was valued at $45.82 million. For the day, Meta shares closed 0.44% higher at $507.76. 
Ark Invest&#8217;s acquisition of META shares comes as the company faces possible fresh litigation. The U.S. Court of Appeals for the Ninth Circuit ruled against the Mark Zuckerberg-led company, allowing a <a href="https://www.benzinga.com/news/24/03/37885090/mark-zuckerberg-led-meta-faces-class-action-lawsuit-over-alleged-misrepresentation-of-facebook-insta">class action lawsuit to proceed</a>. Advertisers had accused the company of exaggerating the potential reach of its ads on Facebook and Instagram, as reported by Bloomberg Law.
The Reddit Trade
Wood also stocked up $503,492 worth of shares through ARKW and ARKF. The purchase of 9,982 shares comes on the same day that the social media company <a href="https://www.benzinga.com/markets/equities/24/03/37878531/reddit-shares-jump-62-on-debut-investor-analyst-reaction-on-social-media">made its debut</a> on the NYSE. Reddit was one of the most highly anticipated IPOs of 2024 and the company&#8217;s shares soared 62% in opening exchanges. For the day Reddit shares closed 48.35% higher at $50.44.
The Coinbase Trade
The firm sold 199,526 Coinbase shares through ARKK, ARKW, and ARKF. The transaction was worth $52.27 million. On Thursday, Coinbase shares closed nearly 2% higher at $262.
Coinbase shares surged with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices amidst market volatility. Approval of Bitcoin ETFs initially boosted demand, but subsequent declines affected crypto stocks. Coinbase <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37875097/coinbase-stock-is-ripping-higher-whats-going-on">outperformed</a> due to increased trading activity and strong quarterly results, signaling potential growth, according to a prior report.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37578923/bitcoin-rally-sparks-hope-for-altcoins-revival-despite-72-of-projects-dying-since-2020-btc">Bitcoin Rally Sparks Hope For Altcoins&#8217; Revival Despite 72% Of Projects Dying Since 2020</a>
Other Key Trades:
<ul>
<li>Intercontinental Exchange Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) saw a significant buy, reflecting Ark&#8217;s interest in financial and exchange platforms.</li>
<li>Sales of Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) indicate a strategic shift or rebalancing within the cryptocurrency sector, potentially in response to recent market movements.</li>
<li>Zillow Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) buys suggest Ark&#8217;s investment in digital and real estate platforms, aligning with broader market trends towards technology and internet-based companies.</li>
</ul>

Read Next: <a href="https://www.benzinga.com/news/24/03/37576253/cathie-woods-chip-stock-warning-brin-admits-googles-gemini-mess-and-musks-chatgpt-banter-this-week-i">Cathie Wood&#8217;s Chip Stock Warning, Brin Admits Google&#8217;s Gemini Mess, And Musk&#8217;s ChatGPT Banter This Week In Tech</a>
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Cathie Wood's Ark Invest Scoops Up Reddit Shares On Debut — Also Acquires $46M Worth Of Mark Zuckerberg's Meta Stock

In a recent report, global wealth manager UBS identified the sectors likely to drive the next wave of technological innovation and the stocks that stand to benefit.
What Happened: UBS has pinpointed artificial intelligence (AI), cybersecurity, health tech, Greentech, and fintech as the sectors that will produce the &#8220;next big thing&#8221; in tech. The bank has selected 29 companies that are expected to experience &#8220;superior&#8221; earnings growth compared to the market, driven by &#8220;positive, durable structural trends,&#8221; CNBC <a href="https://www.cnbc.com/2024/03/18/next-big-thing-in-tech-ubs-names-stocks-to-own-for-the-longer-term.html">reported</a> on Sunday.
"Collectively, we see industry leaders for 2030 emerging from these sectors," said UBS in a March 14 report.&nbsp;
Among the companies on UBS&#8217; list are:
<ul>
<li>McKesson Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>): The company&#8217;s expansion into data-driven services across the U.S. healthcare value chain will cause UBS to be bullish in the future.</li>
</ul>
<ul>
<li>Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>): UBS sees Baidu&#8217;s expertise in AI and machine learning, particularly in its non-advertising businesses like autonomous driving and cloud, as potential long-term growth drivers.</li>
<li>Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>): UBS notes Stryker&#8217;s growth in its core orthopedic markets, particularly in robotic surgery, as a strong indicator of future performance.</li>
</ul>
<ul>
<li>ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>): UBS predicts the Dutch semiconductor firm will outgrow its peers due to the continued rise in lithography capital expenditure spending.</li>
</ul>
<ul>
<li>Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): UBS highlights Broadcom&#8217;s market-leading position in semiconductor design and its potential to tap into the structural demand for 5G-related services, data center storage, and industrial applications.</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37765365/dont-be-afraid-top-crypto-analyst-shares-his-plan-to-buy-dogecoin-shiba-inu-and-oth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Don&#8217;t Be Afraid&#8217;: Top Crypto Analyst Shares His Plan To Buy Dogecoin, Shiba Inu, And Other Altcoins For Potential 5X Gains Post Correction</a>
Other companies on the list include Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>), Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), Air Liquide (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AIQUY#OTC">AIQUY</a>), Engie (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ENGIY#OTC">ENGIY</a>), Wacker Chemie (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WKCMY#OTC">WKCMY</a>), ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), and Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>).
Why It Matters: The UBS report aligns with recent developments in the tech industry. For example, AI has been a hot topic, with experts like Jim Cramer expressing excitement about the <a href="https://www.benzinga.com/markets/equities/24/03/37769867/jim-cramer-pumped-up-about-nvidia-ceo-jensen-huangs-gtc-2024-speech-when-our-modern-day-davinci-">potential of AI</a> in Nvidia&#8217;s future. 
However, other industry voices, such as Fidelity International, have suggested that investors look <a href="https://www.benzinga.com/markets/equities/24/03/37724250/nvidia-isnt-the-only-ai-contender-fidelity-suggests-investors-look-beyond-hot-ai-stocks-names-th">beyond the obvious choices</a>, like Nvidia, for AI investments. 
Despite this, Glen Kacher of Light Street Capital has advised that it <a href="https://www.benzinga.com/markets/equities/24/03/37724593/way-too-early-expert-warns-as-investors-trading-out-of-nvidia-amd-microsoft-and-other-ai-stocks">may be too early to exit</a> the semiconductor market, suggesting that we are still at the beginning of the investment cycle for building an AI infrastructure. 
This indicates that the tech sectors identified by UBS may indeed be the next big thing, with AI and semiconductors playing a crucial role.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37761475/dogecoin-killer-shiba-inu-burn-rate-defies-market-action-with-933-surge-daily-active-addre?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burn Rate Defies Market Action With 933% Surge, Daily Active Addresses Spike By 8%</a>
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Kaustubh Bagalkote</a> 
 
 
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Fintech news covering the emerging Financial Technology services sector

Fintech

Health Care

Tech

AIQUY

ASML

AVGO

BIDU

ENGIY

WKCMY

Which Stocks Will Dominate The Future Of Tech? UBS Shares Its Top Picks In AI, Healthtech, Greentech, And Fintech

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 15 years by 2.39% on an annualized basis producing an average annual return of 15.6%. Currently, Intercontinental Exchange has a market capitalization of $78.36 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 15 years ago, it would be worth $9,476.45 today based on a price of $136.84 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710262825_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $9,500 Today

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 15 years by 4.37% on an annualized basis producing an average annual return of 17.72%. Currently, Intercontinental Exchange has a market capitalization of $78.12 billion. 
Buying $100 In ICE: If an investor had bought $100 of ICE stock 15 years ago, it would be worth $1,159.92 today based on a price of $136.43 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708525818_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 15 Years Ago Would Be Worth $1,200 Today

Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) has outperformed the market over the past 15 years by 4.89% on an annualized basis producing an average annual return of 18.01%. Currently, Intercontinental Exchange has a market capitalization of $76.97 billion. 
Buying $1000 In ICE: If an investor had bought $1000 of ICE stock 15 years ago, it would be worth $11,640.44 today based on a price of $134.41 for ICE at the time of writing.
<h3>Intercontinental Exchange's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707922868_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Intercontinental Exchange Stock In The Last 15 Years

Morgan Stanley analyst Michael Cyprys maintains Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) with a Equal-Weight and raises the price target from $133 to $139.

Morgan Stanley Maintains Equal-Weight on Intercontinental Exchange, Raises Price Target to $139

Citigroup has decided to maintain its Buy rating of Intercontinental Exchange (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) and raise its price target from $146.00 to $155.00.
Shares of Intercontinental Exchange are trading down 0.38% over the last 24 hours, at $134.95 per share.
A move to $155.00 would account for a 14.86% increase from the current share price.
<h3>About Intercontinental Exchange</h3>
Intercontinental Exchange is a vertically integrated operator of financial exchanges and provides ancillary data products. Though the company is probably best known for its ownership of the New York Stock Exchange, which it acquired in 2013, ICE operates a large derivatives exchange, too. The company's largest commodity futures product is the ICE Brent crude futures contract. In addition to the exchanges business, which is about 56% of net revenue, Intercontinental Exchange has used a series of acquisitions to create its mortgage technology business (15% of net revenue) and fixed-income and data services segment (29% of net revenue).
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Citigroup Maintains Buy Rating for Intercontinental Exchange: Here's What You Need To Know

In a report released today, Patrick Moley from Piper Sandler maintained a Buy rating on Intercontinental Exchange (ICE – Research Report), with a p...

Piper Sandler Sticks to Its Buy Rating for Intercontinental Exchange (ICE)

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Bank of America Securities analyst Craig Siegenthaler maintained a Buy rating on Intercontinental Exchange (ICE – Research Report) today. The compa...

Intercontinental Exchange (ICE) Receives a Buy from Bank of America Securities

ICE's New York Stock Exchange conducts poll on 24/7 stock trading

New York Stock Exchange gauging interest for 24/7 stock trading

Admittedly, there are times when you wish you could trade stock, even when you can't currently. Maybe you catch a news report about some exciting n...

All-Day Trading? New York Stock Exchange (NYSE:ICE) Testing the Waters

Old School Wall Street is considering 'round-the-clock, or 24/7 trading, to prevent crypto from getting a leg up on it. Unlike traditional stock ma...