Financial Stocks Technical Reports -- Lazard, Central Fund of Canada, Fortress Investment, and Intercontinental Exchange

Sep 07, 2016, 08:10 ET from Chelmsford Park SA

NEW YORK, September 7, 2016 /PRNewswire/ --

Stock-Callers.com is currently reviewing four equities, namely: Lazard Ltd (NYSE: LAZ), Central Fund of Canada Ltd (NYSE MKT: CEF), Fortress Investment Group LLC (NYSE: FIG), and Intercontinental Exchange Inc. (NYSE: ICE). These companies belong to the Financial sector, which is composed of banks, investment funds, and insurance firms, and is one of the largest sectors in the S&P 500. Today's research reports on the aforementioned stocks are downloadable for free upon registration at: http://stock-callers.com/registration

Lazard  

On Tuesday, shares in Hamilton, Bermuda-based Lazard Ltd recorded a trading volume of 645,578 shares. The stock ended the session 1.61% lower at $36.73. The Company's shares have gained 6.93% in the last one month and 8.89% in the previous three months. The stock is trading 9.22% and 3.52% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Lazard, which together with its subsidiaries, operates as a financial advisory and asset management firm worldwide, have a Relative Strength Index (RSI) of 60.77.

On August 18th, 2016, Lazard Global Total Return and Income Fund, Inc. announced that its Board of Directors has approved a change to the Fund's investment strategy. The Fund's investment strategy change is not required to be approved by shareholders, and the Fund anticipates beginning to implement the change on or around September 1st, 2016. As of the Effective Date, pursuant to the Global Equity Strategy, the Fund invests in a portfolio of approximately 60 to 100 non-US equity securities, including American Depository Receipts. As part of the change to the Fund's investment strategy, the Fund's benchmark index will change from the MSCI World Index to the MSCI ACW Index. Visit us today and access our complete research report on LAZ at: http://stock-callers.com/registration/?symbol=LAZ

Central Fund of Canada  

Canada-domiciled Central Fund of Canada Ltd's stock closed the day 2.44% higher at $14.30 with a total volume of 589,782 shares traded. The Company's shares have advanced 0.70% in the past month, 13.04% in the previous three months, and 43.14% on an YTD basis. The stock is trading 0.89% above its 50-day moving average and 16.06% above its 200-day moving average. Additionally, shares of Central Fund of Canada, which invests in the commodity markets, have an RSI of 55.11. The complimentary report on CEF can be downloaded at: http://stock-callers.com/registration/?symbol=CEF

Fortress Investment Group  

Shares in New York-based Fortress Investment Group LLC recorded a trading volume of 503,209 shares. The stock ended yesterday's trading session 0.79% lower at $5.01. The Company's shares have advanced 2.24% in the past month, 2.66% over the previous three months, and 6.09% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.34% and 9.18%, respectively. Furthermore, shares of Fortress Investment Group, which provides its services to pooled investment vehicles, pension and profit sharing plans, corporations, institutional managed accounts and structured products, banking or thrift institutions, investment companies, charitable organizations, and state or municipal government entities, have an RSI of 56.10. On September 2nd, 2016, Reuters reported that Fortress Investment and Hong Kong-based buyout firm PAG are among investors that took bidding papers for Japan's biggest sale of public apartment blocks. According to sources, a deal for which government wants at least 64 billion yen ($618 million). As per the article, the Japanese government is selling about 1,000 buildings containing more than 100,000 apartments built mostly in the 1960s and 70s and owned by a health ministry organization catering to the elderly, disabled and unemployed. Register for free on Stock-Callers.com and access the latest research report on FIG at: http://stock-callers.com/registration/?symbol=FIG

Intercontinental Exchange  

Atlanta, Georgia headquartered Intercontinental Exchange Inc.'s stock finished Tuesday's session 0.18% lower at $284.86. A total volume of 789,554 shares was traded, which was above their three months average volume of 606,920 shares. The Company's shares have advanced 2.44% in the last one month, 7.73% over the previous three months, and 11.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 6.21% and 12.56%, respectively. Additionally, shares of Intercontinental Exchange, which operates regulated exchanges, clearing houses, and listings venues for financial and commodity markets in the US, the UK, Continental Europe, Asia, Israel, and Canada, have an RSI of 74.32.

On August 09th, 2016, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $295 a share to $307 a share.

On August 17th, 2016, Intercontinental Exchange announced that following the U.S. Department of Justice clearance, the company will close its acquisition of S&P Global's (SPGI) Securities Evaluations (SPSE) and Credit Market Analysis (CMA), two assets within the S&P Global Market Intelligence division. ICE expects to fund the purchase price with cash and the transaction is expected to close in October 2016. Get free access to your research report on ICE at: http://stock-callers.com/registration/?symbol=ICE

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