SUPERNEWS - NASDAQ:NDAQ (Nasdaq, Inc.) Stock Price, News, Quote, History

SUPERNEWS

Equities

Top Stories

Goldman's Picks for Earnings: RCL, NDAQ, AVGO with Big Upsides

Nasdaq to Slash Jobs in Post-Acquisition Streamline

Nasdaq Inc. plans to cut jobs postAdenza acquisition to reduce redundancies and integrate New York and London offices. - The job cuts are part of a broader trend in the financial industry, with UBS, Nomura, and Citigroup also announcing significant layoffs. - Despite being the second-largest US stock exchange, Nasdaq is transitioning towards a technology-focused business model under CEO Adena Friedman. ## Nasdaq Plans Job Cuts Amid Acquisition Integration Nasdaq Inc. is planning to cut hundreds of jobs as it integrates software provider Adenza into its business following the $10.5 billion acquisition last year. The move aims to minimize redundancies and streamline operations, with plans to integrate Adenza’s New York and London offices into Nasdaq's locations globally. ## Shift from Exchange to Technology Provider Nasdaq has evolved beyond its traditional role as an exchange for stocks and bonds, expanding into a technology provider offering services like trade surveillance and analytics tools. The acquisition of Adenza was part of the company's effort to diversify revenue sources beyond the volatile trading business. ## Financial Technology Division & Organizational Optimization The integration of Adenza has led to the formation of a new financial-technology division at Nasdaq, led by president Tal Cohen, with half of the division’s leadership now coming from Adenza. The company is currently reviewing its offices and organizational structure after the deal in order to optimize certain teams and technology. While no final number on affected roles has been decided yet, Nasdaq had 6,590 employees as of Sept. 30 before integrating Adenza's 2,000 employees. The upcoming fourth-quarter results will provide further insight into how these changes may impact Nasdaq's financial performance moving forward. <div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.bloomberg.com/news/articles/2024-01-30/nasdaq-plans-hundreds-of-job-cuts-amid-adenza-integration" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [1]  </div> <span> Nasdaq Plans Hundreds of Job Cuts    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.cnbc.com/2024/01/30/stock-market-today-live-updates.html" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [2]  </div> <span> Nasdaq 100 futures slide, Alphabet shares drop after results: Live updates    </span> <span class="MuiTouchRipple-root"></span> </a> </div><div style="display: flex; flex-direction: row;" class="divbox"> <a style="display: flex; flex-direction: row;" class="MuiButtonBase-root wallstreet-review-item" href="https://www.bloomberg.com/news/articles/2024-01-30/should-i-be-worried-about-layoffs-where-to-expect-job-cuts-in-2024" target="_blank" rel="noopener noreferrer"> <div style="font-family: monospace; display: flex; ">  [3]  </div> <span> Who Is Most Likely to Get Fired? Remote Workers, Middle Managers    </span> <span class="MuiTouchRipple-root"></span> </a> </div>

1/30, 19:05 EST

Goldman Sachs Identifies Top Stock Picks for Q2, Including UPS and Nasdaq

Goldman Sachs recommends buying UPS, Nasdaq, Arcos Dorados, Global Payments, and Arista Networks for potential growth in Q2.

3/30, 07:59 EDT

Nasdaq Surges Despite Gross Warning, Defies Fed Pivot Expectation

Nasdaq rallies despite warnings, as mixed economic signals and tech's AIdriven earnings defy market predictions.

4/26, 17:19 EDT

Nasdaq Dips 0.21%, Consumer Sentiment at 6-Mo Low

Nasdaq dips 0.2% amid mixed market movements; US consumer sentiment falls to sixmonth low at 67.4.

5/10, 12:48 EDT

Goldman's Picks for Earnings: RCL, NDAQ, AVGO with Big Upsides

4/11, 15:28 EDT

Nasdaq to Slash Jobs in Post-Acquisition Streamline

1/30, 19:05 EST

Goldman Sachs Identifies Top Stock Picks for Q2, Including UPS and Nasdaq

3/30, 07:59 EDT

NDAQ News

Dow Jones Surpasses 40,000 Amid Strong Earnings

3 hours ago

Nvidia Earnings Loom: Tech Stocks Face Make-or-Break Moment

4 hours ago

Nvidia Earnings in Focus Amid Global PMI, Inflation Data

10 hours ago

Stocks and ETFs Poised to Gain from AI's Growing Energy Demand: BofA Highlights

5/18, 09:28 EDT

Market Sets Record: Dow Hits 40,000, S&P 500 Reaches 5,300 Amid Bullish Sentiment

5/18, 09:28 EDT

Trim Alphabet, Buy Microsoft: Hedge Funds' Q1 Tech Moves Revealed

5/18, 09:18 EDT

Nvidia's Market Cap Nears $2 Trillion, Poised to Lead US Stocks

5/18, 00:22 EDT

VIX Index Hits Lowest Since 2019 as S&P 500 Rises 11% in 2024

5/17, 17:15 EDT

Wall Street’s Risk Appetite Stays Strong: Bitcoin Up 9%, ETFs Attract $13B

5/17, 16:47 EDT

Wall Street Hits Record Highs, Dow at 40,000 as Inflation Fears Ease, Meme Stocks Surge

5/17, 16:32 EDT

Goldman Sees Fear of Underperforming as Retail Investors Own 39% of US Equity Market

5/17, 15:54 EDT

Nvidia Earnings in Focus Next Week as Dow Hits 40,000, S&P 500 at 5,300

5/17, 15:23 EDT

Intraday: Robinhood and Reddit Surge 12% Amid Tech Sector Volatility

5/17, 13:25 EDT

Americas Gold and Silver Surges 53.4%, Still a Bargain with 0.91 P/S Ratio

5/17, 13:24 EDT

Bitcoin Rises to $67K, Lags as ETH, SOL, LINK Surge on Inflation Data

5/17, 13:19 EDT

Tech Stocks Near Historical Ceiling, Investor Caution Rises

5/17, 13:19 EDT

Nvidia Earnings to Test Tech Sector's AI-Driven Rally

5/17, 12:41 EDT

How to Buy a QQQ Put Spread for $205 as a Nasdaq Hedge

5/17, 12:33 EDT

Share Sales Rebound 98% in Toronto as Copper, Gold Surge to Record Highs

5/17, 10:58 EDT

US Stocks Edge Higher; Applied Materials Beats Q2 Estimates with $6.646B Revenue

5/17, 10:26 EDT

Bitcoin’s Correlation With Nasdaq 100 Hits 0.46, Highest Since August

5/17, 09:55 EDT

Here are Friday’s biggest analyst calls: Nvidia, Tesla, Robinhood, Salesforce, Netflix, Roblox, Chevron, Walmart & more

5/17, 09:43 EDT

First Mover Americas: Bitcoin Surges to $66K on Bullish ETF Data, Morgan Stanley's $269.9M Investment

5/17, 09:37 EDT

Premarket: Fed Uncertainty Stalls U.S. Stocks; DXC Plummets 22%

5/17, 07:42 EDT

Dow Jones Crosses 40,000, Historically Pulls Back After Milestones

5/17, 07:08 EDT

Premarket: DXC Technology Plummets 23% on Weak Forecasts

5/17, 06:28 EDT

BoA Sees 39% Upside in Nextracker, Eyes $64 Target

5/16, 19:38 EDT

Dow Hits 40K: Eyeing 50K Amid Bullish Signals

5/16, 18:59 EDT

Dow Dips Below 40K, Mixed Data Spurs Market Caution

5/16, 17:18 EDT

Dow Hits 40K Milestone, S&P Retreats Amid Volatility

5/16, 16:06 EDT

Wall Street Views

Nasdaq

Sean Feeney, 5/2/24

Neutral on

BAC

GLD

NDAQ

“It increases the continuity of product that’s available in those ETF products that are heavily traded.”

Fundstrat Global Advisors

Tom Lee, 5/2/24

Cautiously Optimistic on

NDAQ

“Cracks might finally be forming in the Federal Reserve’s firm hawkish stance... We’re seeing consumers basically have their wallet getting squeezed because auto insurance and homeowners’ insurance has really eaten into their discretionary dollars. That’s not really an inflationary signal, so I think the bar is actually being lowered now for the Fed to cut and I think that’s something many people picked up.”

“It’s all going to come down to whether inflation improves in the next couple of months or the rest of the year. And if it does, a lot of these clouds lift and I think markets actually do quite well.”

Deutsche Bank

Bryan Kraft, 4/15/24

Neutral on

ASML

AVGO

“We believe that in order for the stock to appreciate further, consensus estimates for 2024-2025 will need to be revised higher, as we believe a lot is already priced in at these valuation level.”

Dilation Capital

Vijay Shilpiekandula, 4/15/24

Bullish on

ASML

AVGO

“ASML is an 'R&D powerhouse' and 'high-quality business' that looks attractive on a growth-adjusted basis compared to peers.”

Joanne Wuensch

Citi Analyst, 4/12/24

Bullish on

AVGO

DHI

ISRG

“Intuitive continues to maintain its robotic surgery leadership position and the approval of Da Vinci 5 solidifies that this will not change anytime soon... We anticipate Da Vinci Xi demand will hold strong in the interim as customers await the commercial launch of da Vinci 5, benefiting from improving utilization and procedure volume trends in the near-term.”