AI Trading Ideas
AI Trading NASDAQ Tue, 16 May
Dear Reader,
Today’s featured asset is NDAQ: Nasdaq Inc. From 2020-09-02 to 2022-12-02, our AI strategy has potentially yielded a return of 64.9%. The average return of each trade was 21.63%, and the average holding period was 72.0 days, with 3.0 positions taken over the period.
The trading idea suggests that NDAQ is a STRONGBUY as of 2023-05-15 with a price target of 54.72. This prediction is based on a model with an overall accuracy of 0.77 in predicting upward trends over the next two weeks. The analyst consensus price target is 64.09.
Nasdaq Inc is an American stock exchange founded on February 8th, 1971. It is the second-largest stock exchange in the world by market capitalization, behind the New York Stock Exchange. Nasdaq is home to over 3,800 companies, making it one of the most diverse and innovative stock exchanges in the world. Nasdaq has evolved from a trading platform for Nasdaq-listed securities to an exchange for all types of securities, including stocks, options, derivatives, and exchange-traded funds (ETFs). Nasdaq’s technology platform is used by over 70 marketplaces, exchanges, clearinghouses, and central securities depositories around the world. In 2020, Nasdaq launched its Nasdaq Private Market, allowing private companies to list and trade on its exchange.
The Nasdaq Inc share price has been on a steady upward trend since its initial public offering in 2002. After a brief dip in 2008 during the global financial crisis, the stock has seen significant growth since then. In 2019, the Nasdaq Inc share price reached an all-time high of $114.07, and it has remained above the $100 mark since August 2020. As of April 2021, the Nasdaq Inc share price is currently trading at $142.12.
Nasdaq Inc is a technology-focused American stock exchange that has experienced significant growth since its initial public offering in 2002. The company has had a strong performance over the past decade, with an average annual return of 18.2% from 2010 to 2020. During this period, Nasdaq Inc’s stock price increased from $20.60 a share in 2010 to a high of $134.86 a share in February 2020. After the Coronavirus pandemic hit the stock market in March 2020, Nasdaq Inc’s stock price dropped to a low of $93.40 a share in April 2020. Since then, the stock has recovered and is trading at $132.90 a share as of April 2021. This represents a total return of 32.6% over the past year.
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-05-15 | NDAQ | STRONGBUY | 0.77 | 54.72 | 64.09 |
| 2023-04-25 | NDAQ | MEDIUMBUY | 0.77 | 56.38 | 64.09 |
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