By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
11/7/16 Daily Closing Analysis - NASDAQ Fintech Index (KFTX)
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Hillary spikes fintech. That is NOT a political comment. Substitute Trump for Hillary and/or ‘dump’ for ‘spikes’ and it’s a whole new picture. Just saying, fintech (all markets) jumped sharply on weekend election perceptions and with that the NASDAQ KFTX index rallied 22.52 points to close at 1016.07 up +2.27%. Nice jump, fintech.
So, there just has to be lots of excitement and activity in those 49 index issues, right? Let’s take a look and find those stocks that moved 2 points or more today, and the 3% movers too.
ADS +3.99 (203.79)
DNB +2.19 (118.48)
EFX +2.48 (126.09)
FDC +1.23 (14.46) +9.30% jump on issue
FDS +2.07 (154.80)
FICO +3.91 (117.53) +3.44% jump on issue
FLT -2.06 (147.99) There’s always one party pooper in the crowd
LC +.78 (5.91) +15.20% jump on issue; Q3 earning beat; $1.3 Billion new investment
MA +2.93 (105.96)
MKTX +2.91 (153.12)
SPGI +2.87 (125.46)
V +2.51 (82.51)
WU +.73 (20.36) +3.72% jump on issue
Overall that’s a great win/loss record; 48 issues up and 1 down. What will happen to this sterling record when a new “coach” gets elected? Either candidate better have a good offense' cause it’s a tough economic environment out there. Rest of the week? Whew, seems like the whole election week was today. Rest up and sleep tight this evening.