A prominent wealth management CEO is sharing his top stock picks, highlighting a few companies benefiting from the current hot trading environment.
Cboe Global Markets: A Top Pick
Josh Brown, CEO of Ritholtz Wealth Management, is bullish on Cboe Global Markets (CBOE). He sees the company’s success tied to high trading volumes and market volatility, noting that options trading is at an all-time high. Brown considers Cboe a “fantastic company” with an excellent chart, currently trading around $246, up over 2% in the last 24 hours and over 3% in the past week. He suggests that a potential dip after their August 1st earnings report might be a good entry point for investors.
Other Top Performers
Brown also highlighted other top picks, namely Robinhood (HOOD) and Interactive Brokers LLC (IBKR). He explains that the current market is characterized by high trading activity from both institutional and retail investors, regardless of whether they’re hedging or speculating. These companies, he says, are profiting handsomely from this surge in trading.
Disclaimer
This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing.