During the lightning round on the August 5 episode of CNBC's Mad Money, host Jim Cramer responded to a caller asking about CME Group Inc. (NASDAQ:CME). He commented:
CME Group is very good. I've got to tell you, I like Cboe, too. I've always liked the companies that are involved with trading because they have monopolies or at least duopolies.
Cramer's endorsement highlights the core economic moat that protects exchange operators like CME Group Inc. (NASDAQ:CME). As the world's largest financial derivatives exchange, the company controls major market infrastructure across interest rates, equity indices, energy, agricultural commodities, and foreign exchange.
When evaluating CME Group Inc. (NASDAQ:CME) on August 5, Cramer explicitly brought up Cboe Global Markets Inc. (NASDAQ:CBOE), grouping the two together as prime examples of exchange operators with pricing power. His mention builds directly on commentary from the August 3 episode of Mad Money, where Cramer highlighted Cboe as one of July's standout performers after gaining 27.8%. He remarked:
Now, in sixth place, there's… Cboe Global Markets… big options marketplace, is up 27.8%. And that's all about the volatility that gradually built throughout the month. Cboe also reported a solid quarter last Friday, giving its stock one more leg higher. I don't think it's expensive.
#cboe #august #i 've
CME Group is very good. I've got to tell you, I like Cboe, too. I've always liked the companies that are involved with trading because they have monopolies or at least duopolies.
Cramer's endorsement highlights the core economic moat that protects exchange operators like CME Group Inc. (NASDAQ:CME). As the world's largest financial derivatives exchange, the company controls major market infrastructure across interest rates, equity indices, energy, agricultural commodities, and foreign exchange.
When evaluating CME Group Inc. (NASDAQ:CME) on August 5, Cramer explicitly brought up Cboe Global Markets Inc. (NASDAQ:CBOE), grouping the two together as prime examples of exchange operators with pricing power. His mention builds directly on commentary from the August 3 episode of Mad Money, where Cramer highlighted Cboe as one of July's standout performers after gaining 27.8%. He remarked:
Now, in sixth place, there's… Cboe Global Markets… big options marketplace, is up 27.8%. And that's all about the volatility that gradually built throughout the month. Cboe also reported a solid quarter last Friday, giving its stock one more leg higher. I don't think it's expensive.
#cboe #august #i 've
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