Can CME Group Inc. (CME)’s Tomorrow be Different? The Stock Formed a Bullish Wedge Up

December 7, 2017 - By Hazel Jackson

Investors sentiment decreased to 1.13 in 2017 Q2. Its down 0.01, from 1.14 in 2017Q1. It turned negative, as 38 investors sold CME Group Inc. shares while 226 reduced holdings. 67 funds opened positions while 231 raised stakes. 268.92 million shares or 1.79% less from 273.81 million shares in 2017Q1 were reported.
Bedrijfstakpensioenfonds Voor De Media Pno invested in 18,694 shares or 0.28% of the stock. Moreover, State Bank Of Nova Scotia has 0.12% invested in CME Group Inc. (NASDAQ:CME). Airain invested in 0.11% or 19,023 shares. Blair William And Il holds 0.14% in CME Group Inc. (NASDAQ:CME) or 143,638 shares. Fin Architects Inc owns 2,035 shares or 0.05% of their US portfolio. Ls Investment Limited Liability has 9,431 shares for 0.07% of their portfolio. Manchester Cap Limited Liability Co has invested 0.03% in CME Group Inc. (NASDAQ:CME). 386,450 were reported by Intl Limited Ca. Arrowstreet Cap Lp accumulated 0.17% or 449,600 shares. Bank Of Mellon Corporation accumulated 0.19% or 5.26M shares. Cohen Mgmt Inc stated it has 1.05% in CME Group Inc. (NASDAQ:CME). 353,904 are held by State Of Wisconsin Invest Board. Cap Counsel Limited Liability Corporation has 905,323 shares for 10.33% of their portfolio. Point72 Asset Mngmt Limited Partnership invested in 0.04% or 60,032 shares. Employees Retirement Of Texas holds 0.14% of its portfolio in CME Group Inc. (NASDAQ:CME) for 82,000 shares.

Since June 9, 2017, it had 0 insider purchases, and 2 selling transactions for $639,892 activity. On Tuesday, June 13 Bitsberger Timothy S. sold $100,744 worth of CME Group Inc. (NASDAQ:CME) or 800 shares. Kometer Kevin had sold 4,125 shares worth $505,081 on Friday, June 9.

The stock of CME Group Inc. (CME) formed an up wedge with $158.15 target or 4.00 % above today’s $152.07 share price. The 7 months wedge indicates low risk for the $51.75 billion company. If the $158.15 price target is reached, the company will be worth $2.07B more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.01% or $0.02 during the last trading session, reaching $152.07. About 1.11M shares traded. CME Group Inc. (NASDAQ:CME) has risen 25.35% since December 8, 2016 and is uptrending. It has outperformed by 8.65% the S&P500.

Analysts await CME Group Inc. (NASDAQ:CME) to report earnings on February, 1. They expect $1.16 earnings per share, up 1.75 % or $0.02 from last year’s $1.14 per share. CME’s profit will be $394.74M for 32.77 P/E if the $1.16 EPS becomes a reality. After $1.19 actual earnings per share reported by CME Group Inc. for the previous quarter, Wall Street now forecasts -2.52 % negative EPS growth.

CME Group Inc. (NASDAQ:CME) Ratings Coverage

Among 15 analysts covering CME Group (NASDAQ:CME), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. CME Group had 49 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 10 by Jefferies. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, March 31 report. The rating was maintained by Jefferies on Wednesday, September 27 with “Buy”. The rating was maintained by Barclays Capital on Tuesday, August 11 with “Equal Weight”. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, August 17 report. RBC Capital Markets maintained CME Group Inc. (NASDAQ:CME) rating on Monday, September 11. RBC Capital Markets has “Buy” rating and $135.0 target. JP Morgan downgraded the stock to “Neutral” rating in Monday, November 14 report. Jefferies maintained the shares of CME in report on Monday, July 17 with “Buy” rating. The company was initiated on Wednesday, December 9 by RBC Capital Markets. The company was maintained on Monday, June 12 by RBC Capital Markets.

More notable recent CME Group Inc. (NASDAQ:CME) news were published by: Bloomberg.com which released: “CME Plans to Manage Customer Exposure to Bitcoin Futures” on November 28, 2017, also Reuters.com with their article: “CME Group to launch bitcoin futures contract on Dec. 18” published on December 01, 2017, Prnewswire.com published: “CME Group Inc. Declares Annual Variable Dividend of $3.50 per Share” on December 06, 2017. More interesting news about CME Group Inc. (NASDAQ:CME) were released by: Nasdaq.com and their article: “CME Group Inc. (Nasdaq: CME) to Ring The Nasdaq Stock Market Opening Bell in …” published on December 05, 2017 as well as Nasdaq.com‘s news article titled: “CME Group Inc. (CME) Ex-Dividend Date Scheduled for December 07, 2017” with publication date: December 06, 2017.

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