Is CME Group a Buy?
The general rule for financial investors in 2020 has been to avoid taking credit risk. Banks have been forced to take huge writedowns for expected future credit losses, and real estate investment trusts (REITs) have been dealing with tenants who are struggling to pay their bills. Both sectors have been hit hard as a result.
Financial stocks with limited credit risk have been better places to hide during this period -- take the exchanges, which you'd expect to do well amid higher volatility and increased market activity. But not all of them have rewarded investors this year -- CME Group (NASDAQ: CME) in particular has struggled. Is this a buying opportunity?
Source Fool.com
