30 Best Stocks To Invest In According to Billionaires

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21. CME Group Inc. (NASDAQ:CME)

No. of Billionaire Investors: 21

Total Value of Billionaire Holdings: $2.14 Billion

CME Group Inc. (NASDAQ:CME) offers a derivatives marketplace and empowers market participants worldwide to trade futures, options, cash, and over-the-counter (OTC) markets, optimize portfolios, and analyze data. The company provides different global benchmark products across all major asset classes on interest rates, equity indexes, foreign exchange, energy, agricultural products, and metals.

One of the mottos of President Trump’s election campaign was cryptocurrencies, and we saw how the President celebrated his win with the launch of his memecoin. The increasing demand for cryptocurrencies and a favorable regulatory environment in the Trump administration can create massive opportunities for players like CME Group Inc. (NASDAQ:CME).

The company has announced plans to launch Solana futures on March 17, pending regulatory approval. This move expands CME’s cryptocurrency derivatives portfolio, which currently includes futures for Bitcoin and Ethereum. The Solana futures will be offered in two sizes: a micro-sized contract for 25 Solana (SOL) and a larger-sized contract for 500 SOL. The company has taken this decision following a growing demand for regulated products in the crypto industry.

On February 25, the company achieved its new, single-day volume record of 67,124,571 contracts traded, surpassing the previous record of 66,256,756 contracts set on March 13, 2023. CME also achieved new daily volume records in its deeply liquid interest rate complex on February 25. Considering the growing demand for CME’s offering in the crypto space, Morgan Stanley analyst Mike Cyprys raised the price target on CME shares from $256 to $263. Cyprys keeps an Equal-Weight rating on the shares.

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