StoneX Group Inc. (SNEX) shares rallied 5.4% in the last trading session to close at $98.76. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 9.4% gain over the past four weeks.StoneX Group shares have risen during four trading sessions in a row, hitting a 52-week high of $101.43 on Wednesday, driven by a rally following Donald Trump's presidential election victory. Investors are optimistic about potential reg ...

Jordan FinnesethJordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market. Jordan holds a Master of Science in Clinical/Counseling Psycho ...

Core Insights - FOREX.com has announced a partnership with Kalshi, a CFTC-regulated exchange for trading on future event outcomes, enhancing trading opportunities for clients [1][2] - The partnership allows traders to engage in FX markets while also participating in event-based trading related to the US Presidential Election, with a promotional $20 bonus for clients [2][3] Company Overview - FOREX.com is a trading name of StoneX Group Inc., which serves over 54,000 clients and has more than 400,000 self-directed accounts globally [5] - Kalshi is recognized as the first and largest legal prediction market in the US, having achieved over $100 million in trading volume shortly after its launch [4] Strategic Goals - FOREX.com aims to enhance client trading experiences by providing tools for accessing political and market events, indicating plans for further development of event-based promotions [3] - Kalshi's vision is to mainstream prediction markets, and the partnership with FOREX.com is seen as a significant step towards this goal [3]

BENGALURU, India, Oct. 28, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc., a Nasdaq-listed Fortune 100 financial services firm, has announced the opening of its new offices in Pune and Bengaluru, with a collective capacity of 800 seats. This marks a significant expansion of its operations in India, and is part of StoneX's strategy to leverage India's deep talent pool. Since establishing its Global Capability Centre in India in 2019, StoneX has experienced remarkable growth, and now employs over 550 staff in-cou ...

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JBR Recovery Ltd ("JBR") is one of only two UK companies accredited by the LBMA for the supply of 'Good Delivery' silver to the London Bullion Market Acquisition extends StoneX's metals offering into sourcing and refining NEW YORK, Oct. 09, 2024 (GLOBE NEWSWIRE) -- StoneX Group Inc. ("StoneX"; NASDAQ: SNEX), has today announced that one of its subsidiaries, StoneX Metals Limited, has completed its acquisition of JBR's precious metal recovery and refinery business. The acquisition will deepen the StoneX grou ...

i aja Ernest Hoffman Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specializat ...

Zacks Investment Strategy - Zacks Rank system focuses on earnings estimates and revisions to identify strong stocks [1] - Style Scores system helps investors find stocks with specific traits, including value [2] - Value investing is a popular method using valuation metrics to identify undervalued stocks [1] StoneX Group (SNEX) Valuation Metrics - SNEX has a Zacks Rank of 2 (Buy) and an A grade for Value [3] - Forward P/E ratio of 11.09, below industry average of 14.79 [3] - P/B ratio of 1.62, below industry average of 2.37 [4] - P/CF ratio of 7.48, below industry average of 12.86 [5] SNEX Historical Valuation Trends - Forward P/E ranged from 8.32 to 11.41 over the past year, with a median of 9.54 [3] - P/B ratio ranged from 1.31 to 1.67 over the past 52 weeks, with a median of 1.47 [4] - P/CF ratio ranged from 5.34 to 7.69 over the past 12 months, with a median of 6.48 [5] SNEX Investment Outlook - SNEX appears undervalued based on key valuation metrics [6] - Strong earnings outlook supports SNEX as a compelling value stock [6]

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

Have you been paying attention to shares of StoneX Group Inc. (SNEX) ? Shares have been on the move with the stock up 4.6% over the past month. The stock hit a new 52-week high of $84.47 in the previous session. StoneX Group Inc. has gained 12% since the start of the year compared to the 16.6% move for the Zacks Finance sector and the 11.2% return for the Zacks Financial - Miscellaneous Services industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, a ...