SNEX Stock Recent News

Jordan 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.

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 group's already market leading metals offering, by allowing it to own a significant part of the supply chain, as well as meet the growing global demand for recycled silver.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Dublin, Sept. 30, 2024 (GLOBE NEWSWIRE) -- The "Carbon Credit Trading Platform Market Report 2024" report has been added to ResearchAndMarkets.com's offering. The global carbon credit trading platform market has grown exponentially in recent years. It will grow from $0.14 billion in 2023 to $0.17 billion in 2024 at a compound annual growth rate (CAGR) of 23%. The growth observed in the historical period can be credited to the urgent need to address climate change. This increase in demand signals a fundamental shift in corporate attitudes, with a focus on integrating renewable energy projects for offsetting emissions, an expanding array of regulatory standards, and a growing commitment by corporations to strong sustainability practices. The carbon credit trading platform market is expected to see exponential growth in the next few years. It will grow to $0.4 billion in 2028 at a compound annual growth rate (CAGR) of 23.3%. The anticipated growth during the forecast period can be linked

StoneX Group (SNEX) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.

StoneX Group (SNEX) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

StoneX shares have strong upside potential due to consistent high returns on equity and a fair valuation around 10x P/E. Q3 results show record net operating revenues of $468.5 million and a 15.7% ROE, indicating robust operational performance and effective leverage. Operational leverage is driving earnings growth, with segments like Retail showing significant income increases from modest revenue gains, suggesting long-term sustainable growth.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

StoneX Group (SNEX) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.