By Bill Taylor-CEO, Fintegration/FintekNews & CIO, TLC Capital Group
11/8/16 Daily Closing Analysis - NASDAQ Fintech Index (KFTX)
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SURPRISE! The election results sure created a whole lot of fireworks around the world and the end result was a nice little ‘pop’ in the KFTX. The NASDAQ fintech index (after a big overnight dip) finished higher closing at 1022.64, up 8.87 points (+0.88%). Not bad.
Now let’s get to work. There has to be a whole lot of those 49 stocks in the index that had a +/- 2 point and/or +/- 3% move today. I’ll mine them for you:
ACIW +.65 (17.87) +3.77%
ADS +5.77 (207.32)
BOFI +1.39 (20.19) +7.39%
BR -3.53 (62.15) -5.37%
CBOE +2.60 (66.19) +4.09% (trading volume spike)
CME +6.37 (112.00) +6.03% (more trading volume)
EFX -4.54 (122.53) -3.57%
EVTC +.45 (14.95) +3.10%
FDS +2.42 (158.37)