Billionaire Louis Bacon’s Top 10 Long-Term Stock Picks

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9. CME Group Inc. (NASDAQ:CME)

Number of Hedge Fund Holders: 63   

Moore Global Investments’ Stake: $9.9 million 

CME Group Inc. (NASDAQ:CME) empowers market participants worldwide to efficiently manage risk and capture opportunities by enabling clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data. The following factors make this company a worthwhile investment opportunity. Firstly, as per the reports of the third quarter of 2024, the company reported revenue of $1.6 billion and operating income of $1 billion, net income was $913 million, and diluted earnings per common share were $2.50. Moreover, on an adjusted basis, net income was $977 million, and diluted earnings per common share were $2.68. In the third quarter of 2024, Average Daily Volume (ADV) was 28.3 million contracts, including record non-US ADV, with EMEA up 30% and Asia up 28% versus the same period last year, highlighting the global market reach of the company. Lastly, CME Group and Google Cloud have announced the building of a new private Google Cloud region and a co-location facility in Aurora, Illinois. This may add investment worth as this collaboration aims to improve CME Group’s technological infrastructure.

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