Companies / SNEX
NASDAQStoneX Group (SNEX) in our theses
StoneX Group appears in one of our theses. Below is why it entered the basket and how it has done since publication.
The Saudi pipeline damage does not just move oil prices, it moves collateral, and the collateral earns the Fed's rate
Damage to Saudi Arabia's Hormuz bypass forces a hedging and margin surge, and with the Fed leaning to hike, exchanges and commodity brokers earn on both.
Where these numbers come from
The reference price is recorded on the thesis publication date and never changed afterwards. The current price is refreshed several times a day. Returns are in the listing currency and exclude dividends, so for dividend payers the real total return was somewhat higher.
This is not a recommendation to buy or sell. A company enters a basket as a beneficiary of the mechanism described in the thesis, and the full argument is on each thesis page.
See all of our theses
Each with a publication date, a causal map and a score assigned before the market ruled.
Open in Invesaro →