S&P Global's margin gains, recurring revenue growth & buybacks support earnings, but a premium valuation & falling estimates keep the near-term setup cautious.

Intercontinental Exchange (NYSE: ICE) reported record open interest in its global sugar markets, underscoring heavy use of its contracts for commodity risk management. The company disclosed an agreement to invest up to US$2b in Polymarket, a prediction markets platform focused on event outcome trading. These moves point to deeper engagement with both traditional commodity hedging and emerging decentralized finance market structures. Intercontinental Exchange is far from the only company...

Financial stocks declined in late Thursday afternoon trading, with the NYSE Financial Index shedding

Financial stocks declined in Thursday afternoon trading, with the NYSE Financial Index and the State

Madison Investments, an investment advisor, released its second-quarter 2026 investor letter for the “Madison Large Cap Fund”. A copy of the letter can be downloaded here. In the second quarter, U.S. stock market indices achieved their best performance since 2020, driven largely by a narrow group of Artificial Intelligence-related stocks. As in the pandemic’s early days, […]

President Donald Trump praised prediction markets Wednesday. Hours later, researchers identified 152 Polymarket wallets that made $8 million betting on military outcomes with a 97.2% win rate.“We’re ensuring that America remains the undisputed leader, not only in Bitcoin and crypto,...

The metric analysts pressed hardest on is falling because the company's capital-light marketplace is taking over its volume.

Jeffrey Sprecher, chief executive of Intercontinental Exchange, praised President Trump’s policies on trade and energy dominance, as well as his “big beautiful bill” at a White House meeting with crypto executives Wednesday.

Trump met Leaders of tech and crypto firms, including Coinbase and Ripple, on Wednesday. It’s the next move for the executives after an industry-friendly bill stalled.

Pershing Square Holdings, an investment holding company, released its second quarter 2026 investor letter. A copy of the letter can be downloaded here. Pershing Square is an alternative asset manager that primarily manages capital in publicly traded investment vehicles, with 98% of its capital structure dedicated to such assets, including Howard Hughes Holdings. This capital […]

Bill Ackman just made Visa a major new bet after the stock trailed the S&P 500 for five straight years. Whether that lag signals a coiled spring or a structural problem depends on threats most investors are not watching closely enough.

Aristotle Capital Management, LLC, an investment management company, released its “Core Equity Fund” Q2 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 14.69% in the second quarter of 2026, slightly trailing the 15.20% gain of the S&P 500 Index as market performance remained highly concentrated in artificial intelligence (AI)-related […]

Here's what changed.

Bill Ackman once torched $400 million exiting Netflix, then swore off the stock entirely. Now he's building a new position while his fund trails the market badly, and his reasoning this time sounds nothing like 2022.

Parnassus Investments, an investment management company, released the “Parnassus Core Equity Fund” second quarter of 2026 investor letter. A copy of the letter can be downloaded here. The fund returned 16.83% in the second quarter of 2026, outperforming the S&P 500’s 15.20% gain. Performance was supported by holdings in Information Technology and Communication Services, as […]

In August 2026, Intercontinental Exchange, Inc. completed several fixed-income offerings totaling about US$3.73 billion in callable senior unsecured and subordinated notes with fixed coupons, alongside reporting strong July trading volumes and open interest across key asset classes. The disclosure that Pershing Square has built a new position in Intercontinental Exchange, highlighting its entrenched financial infrastructure model and recurring revenues, adds an influential investor’s...

Intercontinental Exchange (NYSE: ICE) reports mortgage holder equity at an all time high in its latest ICE Mortgage Monitor. The report highlights the fastest annual home price growth in over a year, signaling shifts in US housing market dynamics. Rising equity levels point to stronger consumer balance sheets and growing interest in ICE's housing data and analytics platform. This surge in mortgage equity is a reminder that Intercontinental Exchange is not the only stock tied to housing and...

Ackman adds six new holdings across his funds, the biggest overhaul in years

Pershing Square's new position centers on an exchange operation generating nearly 70% of earnings and controlling the leading Brent contract.

Wall Street is racing to turn raw compute power into a tradable asset class, but some investors warn that even the most ambitious financing package on record may leave the AI industry dangerously short of what it needs.

Cboe Global's 22% slide contrasts with stronger growth prospects, recurring revenues and an affordable valuation, supporting the case to buy the dip.

Financial stocks were edging up in late Tuesday afternoon trading, with the NYSE Financial Index add

Financial stocks were rising in Tuesday afternoon trading, with the NYSE Financial Index and the Sta

Former New York Gov. Andrew Cuomo predicted Congress will pass the CLARITY Act once lawmakers settle a fight over crypto ethics rules, even as Polymarket traders now give the bill just a 17% chance of becoming law this year. Speaking...

Intercontinental Exchange (ICE) is back in focus after reporting July 2026 operating metrics, with total average daily volume up 25% year on year and open interest up 18% across its markets. See our latest analysis for Intercontinental Exchange. The July operating data, recent AI product launches and the second quarter earnings update have put Intercontinental Exchange back on investors’ radar. However, the 1-year total shareholder return is down 18.34% while the 3-year total shareholder...

Intercontinental Exchange stock has delivered a 37.3% gain over the past five years, yet today the Excess Returns intrinsic value estimate sits close to the current market price while traditional valuation multiples lean on the expensive side. That mix leaves Intercontinental Exchange looking closer to fairly priced than clearly cheap or clearly overvalued. A 37.3% return over five years suggests Intercontinental Exchange has rewarded patient shareholders, which makes the current pricing...

Former New York Gov. Andrew Cuomo predicted Congress will pass the CLARITY Act once lawmakers settle a fight over crypto ethics rules, even as Polymarket traders now give the bill just a 17% chance of becoming law this year. Speaking...

While Intercontinental Exchange has significantly underperformed the broader market over the past year, analysts remain optimistic about its growth prospects.

Shayne Coplan’s Polymarket is seeking to raise about $1 billion at a valuation above $20 billion, more than double its price tag from October, according to a Bloomberg report. The talks are preliminary, Bloomberg reported Tuesday, citing people familiar with...

Greenskeeper Asset Management, an independent firm that specializes in disciplined value investing, recently released its Q2 2026 scorecard. A copy is available to download here. After a slow start to the year, the Fund gained 10.9% in the quarter, lifting its year-to-date return to 1.9%. The rebound came as markets showed signs of rotating away from momentum […]

A second markup in 4 months puts Polymarket’s revenue and volume numbers on full display, but its chief rival is still setting the pace in the valuation race

(Bloomberg) -- Polymarket is seeking to raise capital at a valuation of more than $20 billion, months after it closed an earlier round with new investment from hedge fund D.E. Shaw & Co.Most Read from BloombergBeer Dynasty Families Sell €731 Million Stake in AB InBevTaco Bell Met With Michigan on Parasite Weeks Before RecallApple’s New CEO Taps Retired Hardware Executive for Management TeamMamdani Dismisses Business Leaders Advising NYC’s Mayor’s FundChina’s AI Blitz Creates ‘Death Zone’ for Riv

A Polymarket trader who banked $200,000 by correctly calling the U.S.-Iran ceasefire has found a new market: whether Benjamin Netanyahu remains prime minister after Israel’s Oct. 27 election. A Haaretz investigation suggests the bets may be designed to move the...

Intercontinental Exchange has agreed to acquire MarketAxess Holdings (MKTX) in an all-cash deal valuing the company at about $6 billion, offering shareholders $167 per share and a 33% premium to the prior close. See our latest analysis for MarketAxess Holdings. The takeover news has triggered a sharp re-rating in MarketAxess Holdings, with a 1-day share price return of 29.45% and a 7-day share price return of 42.38%. However, the 1-year total shareholder return is still down 19.33%. This...

CBOE's Q2 earnings beat estimates. Record Options revenues, broad-based growth and stronger margins drove a raised 2026 revenue outlook.

Roblox downgraded, Quanta Services upgraded: Wall Street's top analyst calls

MKTX surged nearly 30% after agreeing to a roughly $6 billion all-cash acquisition by ICE at $167 per share, a 33% premium to its prior close.

Moby summary of Intercontinental Exchange, Inc.'s Q2 2026 earnings call

Intercontinental Exchange (NYSE:ICE) reported record second-quarter results and announced an agreement to acquire electronic bond-trading platform MarketAxess for $167 per share, a transaction valued at $5.7 billion in enterprise value. Chair and CEO Jeff Sprecher said the proposed acquisition woul

MarketAxess Holdings (NASDAQ:MKTX) soared by 29.45 percent on Thursday to end at $162.76 apiece after agreeing to be acquired by Intercontinental Exchange for $6 billion, at a 33 percent premium over its closing price prior to the report. In a statement on the same day, MarketAxess Holdings (NASDAQ:MKTX) said that it entered into a definitive […]

Financial stocks were higher in late Thursday afternoon trading, with the NYSE Financial Index risin

Financial stocks were higher in Thursday afternoon trading, with the NYSE Financial Index rising 0.8

ICE's Q2 earnings beat estimates as recurring data and mortgage growth offset weaker energy revenues, while strong cash flow supports capital returns.

All three major US stock indexes were up in late-morning trading Thursday, rallying from Wednesday's

Intercontinental Exchange (ICE) agreed to acquire electronic trading platform MarketAxess (MKTX) for

Intercontinental Exchange Inc. (NYSE:ICE) delivered second-quarter results that exceeded Wall Street’s earnings expectations while matching revenue forecasts, supported by continued growth across each of its three operating divisions.

ICE (ICE) delivered earnings and revenue surprises of +3.26% and +1.51%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

The headline numbers for ICE (ICE) give insight into how the company performed in the quarter ended June 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Intercontinental Exchange, the owner of the New York Stock Exchange, will pay $167 a share for MarketAxess, a fixed-income market platform.

Global market infrastructure company Intercontinental Exchange (NYSE:ICE) reported revenue ahead of Wall Street’s expectations in Q2 CY2026, with sales up 6.2% year on year to $2.7 billion. Its non-GAAP profit of $1.90 per share was 3.4% above analysts’ consensus estimates.