CME Stock Summary and Trading Ideas (Cme Group - Class A | NASDAQ:CME)

Based in Chicago, CME Group operates exchanges giving investors, suppliers, and businesses the ability to trade futures and derivatives based on interest rates, equity indexes, foreign currencies, energy, metals, and commodities. The Chicago Mercantile Exchange was founded in 1898 and in 2002 completed its IPO. Since then, CME Group has consolidated parts of the industry by merging with crosstown rival CBOT Holdings in 2007 before acquiring Nymex Holdings in 2008 and NEX in 2018. In addition, the company has a 27% stake in S&P Dow Jones Indices, making the Chicago Mercantile Exchange the exclusive venue to trade and clear S&P futures contracts. Through CME's acquisition of NEX, it also expanded into cash foreign exchange, fixed-income trading, and collateral optimization.

Cme Group - Class A trades on the NASDAQ stock market under the symbol CME.

As of November 8, 2024, CME stock price climbed to $225.93 with 276,212 million shares trading.

CME has a beta of -0.09, meaning it tends to be less sensitive to market movements. CME has a correlation of 0.00 to the broad based SPY ETF.

CME has a market cap of $81.34 billion. This is considered a Large Cap stock.

Last quarter Cme Group - Class A reported $2 billion in Revenue and $2.68 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.03.

In the last 3 years, CME traded as high as $256.94 and as low as $166.55.

The top ETF exchange traded funds that CME belongs to (by Net Assets): VTI, VOO, SPY, IVV, VTV.

CME has underperformed the market in the last year with a price return of +11.0% while the SPY ETF gained +38.3%. CME has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +10.8% and -1.6%, respectively, while the SPY returned +15.5% and +3.1%, respectively.

CME support price is $219.78 and resistance is $224.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CME shares will trade within this expected range on the day.