5 Best Tech Stocks to Buy According to GuardCap Asset Management

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1. CME Group Inc. (NASDAQ:CME)

GuardCap Asset Management’s Stake Value: $858,725,000

Percentage of GuardCap Asset Management’s 13F Portfolio: 13.17%

Based in Chicago, Illinois, CME Group Inc. (NASDAQ:CME) is the world’s leading derivatives marketplace. Through its trading facilities in New York and Chicago, and its CME Globex® electronic trading platform, CME Group Inc. (NASDAQ:CME) provides access to products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather, and real estate.

According to our data, CME Group Inc. (NASDAQ:CME) holds the highest percentage in GuardCap Asset Management’s 13F portfolio, making up for 13.17% of the portfolio with 4,195,042 shares held by the investment manager. GuardCap’s stake increased by 2% in Q2 2022, compared to the previous quarter.

Earlier this year in July, CME Group Inc. (NASDAQ:CME) released its financial results for Q2 2022. Revenue increased by 5% y-o-y to $1.2 billion and the company reported EPS of $1.97, beating the consensus by $0.04.

On August 29, the derivatives marketplace operator also announced plans to further expand its cryptocurrency derivatives offering with the introduction of Bitcoin Euro and Ether Euro futures, pending regulatory review.

Although shares of CME Group Inc. (NASDAQ:CME) have a forward P/E ratio of over 23, the stock could have upside in the long term if the company maintains its market share in financial trading.

You can also take a look at the 10 Best Websites To Research Stocks and Morris Mark’s Mark Asset Management Latest Portfolio: Top 10 Stock Picks.

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