This exchange operator is back on our Best Stocks list and is setting up for a breakout
Josh Brown and Sean Russo break down what's happening with this exchange operator.
TL;DR
- Walmart has moved its trading to the Nasdaq, the first time it has switched exchanges.
- The move signals Walmart's desire to be seen as a technology-enabled, innovation-driven company.
- This is the largest company in American history to switch exchanges.
- Nasdaq, Inc. has revolutionized investing and has been an early adopter of technology like cloud computing and AI.
- Nasdaq operates 19 different exchanges across various asset classes and is the largest U.S. options market.
- The company has diversified into a financial services company with three segments: Capital Access Platforms, Financial Technology, and Market Services, all with high operating margins.
- Nasdaq's stock has been consolidating at all-time highs and is expected to challenge them again.
- Technical analysis suggests the stock is showing strong support and a potential for further rally.