CME Group Inc. (CME) failed to extend gains with the stock declining -0.3% or $-0.37 to close the day at $121.01 on light trading volume of 1.21M shares, compared to its three month average trading volume of 1.64M. The Chicago Illinois 60606 based company has been outperforming the investment brokerage – national group over the past 52 weeks, with the stock gaining 40.33%, compared to the industry which has advanced 66.62% over the same period. With RSI of 58.31, the stock should still continue to rise and get closer to its one year target estimate of $126.67, making it a hold for now.
CME Group Inc., through its subsidiaries, operates contract markets for the trading of futures and options on futures contracts worldwide. The company offers a range of products across various asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, and metals. Its products include exchange-traded; and privately negotiated futures and options contracts and swaps. It executes trade through its electronic trading platforms, open outcry, and privately negotiated transactions, as well as provides hosting, connectivity, and customer support for electronic trading through its co-location services. The company also provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps; and regulatory reporting solutions for market participants through its global repository services in the United States, the United Kingdom, Canada, and Australia. In addition, the company offers a range of market data services, including live quotes, delayed quotes, market reports, and historical data service, as well as index services. CME Group Inc. serves professional traders, financial institutions, institutional and individual investors, corporations, manufacturers, producers, governments, and central banks. The company was formerly known as Chicago Mercantile Exchange Holdings Inc. and changed its name to CME Group Inc. in July 2007. CME Group Inc. was founded in 1898 and is headquartered in Chicago, Illinois.
CSX Corporation (CSX) grew with the stock adding 0.19% or $0.09 to close at $48 on active trading volume of 6.4M compared its three months average trading volume of 11.83M. The Jacksonville Florida 32202 based company operating under the Railroads industry has been trending up for the last 52 weeks, with the shares price now 98.95% up for the period and up by 33.59% so far this year. With price target of $45 and a 108.9% rebound from 52-week low, CSX Corporation has plenty of upside potential, making it a hold with a view buy.
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in the United States and Canada. The company offers rail services, as well as transports intermodal containers and trailers. It transports agricultural products, phosphates and fertilizers, food and consumer products, chemicals, automotive products, metals, forest products, minerals, and waste and equipment; and coal, coke, and iron ore to electricity-generating power plants, steel manufacturers, and industrial plants. The company also exports coal to deep-water port facilities. In addition, it offers intermodal transportation services through a network of approximately 50 terminals transporting manufactured consumer goods in containers in the eastern United States; drayage services, including the pickup and delivery of intermodal shipments; and trucking dispatch services. Further, the company serves the automotive industry with distribution centers and storage locations, as well as connects non-rail served customers through transferring products from rail to trucks, which includes plastics and ethanol. Additionally, it acquires, develops, sells, leases, and manages real estate properties. The company operates approximately 21,000 route mile rail network, which serves various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec, as well as owns and leases approximately 4,500 locomotives. It also serves production and distribution facilities through track connections. CSX Corporation was founded in 1978 and is based in Jacksonville, Florida.
Automatic Data Processing, Inc. (ADP) continued its upward trend with the stock climbing 0.87% or $0.86 to close the day at $99.44 on lower than average trading volume of 1.62M shares, compared to its three month average trading volume of 2.11M. The Roseland New Jersey 07068 based company has been outperforming the business software & services companies by 9.742% for last three months and its recent gains have offset losses to -3.25% YTD, versus the business software & services industry which is up 3.26% for the same period. The RSI of 51.14 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.
Automatic Data Processing, Inc., together with its subsidiaries, provides business process outsourcing services worldwide. The company operates through two segments, Employer Services and Professional Employer Organization (PEO) Services. The Employer Services segment offers a range of business outsourcing and technology-enabled human capital management (HCM) solutions, including payroll services, benefits administration services, talent management, human resources management solutions, time and attendance management solutions, insurance services, retirement services, and tax and compliance solutions. This segment’s integrated HCM solutions include RUN Powered by ADP, ADP Workforce Now, ADP Vantage HCM, and ADP GlobalView, which assist employers of all sizes in all stages of the employment cycle from recruitment to retirement; and ADP SmartCompliance and ADP Health Compliance. The PEO Services segment provides a human resources (HR) outsourcing solution through a co-employment model to small and mid-sized businesses. This segment offers ADP TotalSource that provides various HR management services and employee benefits functions, such as HR administration, employee benefits, and employer liability management into a single-source solution. The company was founded in 1949 and is headquartered in Roseland, New Jersey.