FintekNews-KFTX Fintech Index-11/7 Daily Closing Analysis

 

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.