Hahahha There we go..we found you another thing that’ll make you money in the next few months. As being speculated from many days …..NMX today released this .
http://money.cnn.com/news/newsfeeds/articles/prnewswire/AQTU15921082007-1.htm
The mention of synergy, saving costs and Europe growth etc ….clearly mention New York Stock Exchange. So I’ld say go long on both. or May be go long [...]
Rumors a few weeks back had Nymex being bought by NYSE Group, dependent on if the CBOE and CBOT deal goes through. Shareholders of the merger are unlikely to vote down the merger, which leaves Nymex the only significant player in that niche, and with the continued wave of consolidation, and John Thane's penchant for trying to be on the cutting edge of electronic markets, it looks like the NYSE rumors are likely to be true.
However, the deal could still fall through, and while the share price has priced in some sort of likelihood of the deal (and thus has some downside risk), the ris...
JP Morgan (JPM) upgraded Nymex Holdings (NMX) this morning based on better than expected futures volume growth. I have been bullish on Nymex since its IPO and I continue to hold the stock despite its rich valuation. I have created a model in Excel to estimate revenue based on the published volume from nymex.com.
With average volume of 1.6 million contracts per day, total average net rate per contract of $1.16, quarterly expenses of $40mm, and a 45% tax rate. I estimate EPS for Q1 to exceed the current street estimate of $0.52. I expect Nymex to earn at least $0.55.
On Friday I went long Nymex Holdings (NMX). I am using some leverage with this position. CBOT's (CBOT) stock traded higher on its second day of trading. Will Nymex follow? Nymex will be range bound between $120-$140 for the next couple of sessions. Over the long term, Nymex will benefit from exchange consolidation, higher contract fees, new product introductions, electronic trading agreement with the CME (Globex), and an increased public interest in trading commodities.
On Friday I went long Nymex Holdings (NMX). I am using some leverage with this position. CBOT's (CBOT) stock traded higher on its second day of trading. Will Nymex follow? Nymex will be range bound between $120-$140 for the next couple of sessions. Over the long term, Nymex will benefit from exchange consolidation, higher contract fees, new product introductions, electronic trading agreement with the CME (Globex), and an increased public interest in trading commodities.
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