Gary Morrow: "IntercontinentalExchange (ICE) is one of the top performers on the NYSE today." Read the full article here.

Exchange transaction exposure.
Think they will gain from CDS clearing transactions

Exchange transaction exposure.
Think they will gain from CDS clearing transactions

From a recent Mad Money show:"ICE is interesting, but I've turned positive on NYSE Group (NYX) since they have the dividend to pay you to wait for a turnaround."

Neutral - Price 73 on Jan. 6
by Broadpoint.AmTech

We expect ICE will remain rangebound, at least until visibility surrounding OTC [over-the-counter] energy increases- something we will be digging for over the next few weeks. We expect 2009 consensus to fall toward $4.50, from $5.33. Given the reduced reporting transparency combined with the uncertainty surrounding volumes, we believe a 17 times multiple is appropriate (previously, we had used a 20 times multiple), making ICE's share price fairly valued in the mid/high $70s. While we still expect the launch of CDS [credit-default-swap] clearing to act as a positive catalyst, we believe it is now offset by declining OTC energy activity. We are downgrading ICE to Neutral, from Buy. Market cap: $5.2 billion.

Jon Najarian recommends several of the big name exchanges including NYSE Euronext [NYX], Chicago Merc [CME], Nasdaq [NDX] and ICE [ICE]. "I'm long all of these, because I do believe deals are going to happen", said Najarian.

P/L: +$655
Cost: $415
Sold: $1070

Sold Date: 11-07-08
Quantity: 1
Price: $540

Sold Date: 11-06-08
Quantity: 1
Price: $530


Buy Date: 11-05-08
PUT NOV08@75 Price:200
Quantity: 2
Stop Loss: $90.50
Limit Sell: $75.50

Buy Date:
PUT NOV08@75 Price:200
Quantity: 2
Stop Loss: $90.50
Limit Sell: $75.50

MY DCF MODEL YIELDED 165-180, INTRINSIC VALUE. GREAT GROWTH PROSPECTS AND AND EXPANDING POTFOLIO OF PRODUCTS. NOT TO MENTION A POSSIBLE CDS PLATFORM AND EUROPEAN CLEARING HOUSE = HIGHER MARGINS. CURRENT PRICE 64.60

Gartman says he's buying CME Group (CME) and the Intercontinental Exchange(ICE), but he's also hedging those buys by being short the stock market.

Down too far to recoup

Earnings may be hurt by coming regulation and an extended economic slowdown.

wild optimism

went up to fast, now in freefall

.84

I don't hate it ... has nice growth potential ... BUT have you investors looked at this company's P/E lately???

out of my reach

Goldman Sahcs lowered its position ot 5.6%. Morgan Stanley reduced their holdings to 4.29%.