Rob Black's Financial Market Roundup (NDAQ, NYX, SLM)

 |  Includes: NDAQ, NYX, SLM
by: Rob Black

In 2005, the NYSE ranked as the largest stock exchange in the world based on domestic market capitalization and value of shares traded.

With the addition of Archipelago’s volumes in: 1)Nasdaq-listed stocks (almost 25% market share; 2) Exchange Traded Funds (43% market share); and 3) options volumes from the Pacific Coast Exchange (11% market share) we believe that the NYSE Group, Inc. (NYSE:NYX) is well positioned to maintain its premier positioning among the world’s financial exchanges.

Bear Stearns initiates Nasdaq Stock Market (NASDAQ:NDAQ) with an Outperform.

Friedman Billings Ramsey upgrades SLM Corp Sallie Mae (NYSE:SLM) to Outperform. Price target is $65. They expect the new grad PLUS loan, private loan consolidations, higher Stafford borrowing limits, further market share gains and a stable student loan spread to drive top line growth.