Why I'm Bullish On Intercontinental Exchange

Leo Nelissen profile picture
Leo Nelissen
20.79K Followers

Summary

  • Intercontinental Exchange continues to do extremely well despite macroeconomic headwinds.
  • The company's exchange business and fixed income segments are more than offsetting weakness in mortgage services.
  • Even in its mortgage segment, recurring revenue remains strong while the company is outperforming its benchmarks.
  • The valuation remains extremely fair. I remain bullish and recommend investors buy on weakness.
Stock Exchange Sign

FrankvandenBergh

Introduction

Bear markets aren't fun. Like most people, I prefer it when my net worth goes up in an almost uninterrupted straight line. However, that's not how markets work, and that's a good thing. If it weren't for sell-offs, we wouldn't be able to buy great stocks

This article was written by

Leo Nelissen profile picture
20.79K Followers
I'm a Buy-Side Macro Expert/Financial Markets Analyst. On Seeking Alpha, I discuss a wide range of topics including long-term dividend (growth) investments, mid-term trading opportunities, commodities, rates, and related. A big part of my philosophy is to incorporate as much macro as possible in my articles as it helps investors to make their own decisions and to be on top of all major developments. My DMs are always open. Also, I'm on Twitter (@Growth_Value_) in case you want to say hi! Long-Term Dividend HoldingsPSA, DUK, HD, PEP, RTX, UNP, VLO, DE, ABBV, CAT, HBAN, NSC, LHX, XOM, CVX, CP, LMT, NOC, CME, DHR, EXR

Disclosure: I/we have a beneficial long position in the shares of CME either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: This article serves the sole purpose of adding value to the research process. Always take care of your own risk management and asset allocation.

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