Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Axon Enterprise (AXON) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this maker of stun guns and body cameras have returned +2.6%, compared to the Zacks S&P 500 composite's +1.6% change. During this period, the Zacks Security and Safety Services industry, which Axon falls in, has gained 2.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Axon is expected to post earnings of $1.21 per share, indicating a change of +18.6% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
The consensus earnings estimate of $4.91 for the current fiscal year indicates a year-over-year change of +18.6%. This estimate has remained unchanged over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $5.97 indicates a change of +21.7% from what Axon is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Axon is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Axon, the consensus sales estimate of $526.43 million for the current quarter points to a year-over-year change of +27.3%. The $2.04 billion and $2.48 billion estimates for the current and next fiscal years indicate changes of +30.6% and +21.5%, respectively.
Last Reported Results and Surprise History
Axon reported revenues of $504.1 million in the last reported quarter, representing a year-over-year change of +34.6%. EPS of $1.20 for the same period compares with $1.11 a year ago.
Compared to the Zacks Consensus Estimate of $476.92 million, the reported revenues represent a surprise of +5.7%. The EPS surprise was +13.21%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Axon is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Axon. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
Zacks Investment Research
In the latest trading session, Axon Enterprise (AXON) closed at $382.57, marking a -0.83% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.03%. At the same time, the Dow lost 0.04%, and the tech-heavy Nasdaq gained 0.2%.
Shares of the maker of stun guns and body cameras have appreciated by 3.4% over the course of the past month, outperforming the Industrial Products sector's gain of 2.71% and the S&P 500's gain of 1.54%.
The investment community will be paying close attention to the earnings performance of Axon Enterprise in its upcoming release. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 18.63% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $526.43 million, up 27.28% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.91 per share and revenue of $2.04 billion, which would represent changes of +18.6% and +30.55%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Axon Enterprise. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Axon Enterprise presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Axon Enterprise is currently exchanging hands at a Forward P/E ratio of 78.61. Its industry sports an average Forward P/E of 22.71, so one might conclude that Axon Enterprise is trading at a premium comparatively.
One should further note that AXON currently holds a PEG ratio of 3.78. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Security and Safety Services industry currently had an average PEG ratio of 2.18 as of yesterday's close.
The Security and Safety Services industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 150, finds itself in the bottom 41% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Zacks Investment Research
Reporter Name | Garnreiter Michael |
Relationship | Director |
Type | Sell |
Amount | $380,990 |
SEC Filing | Form 4 |
Michael Garnreiter, a Director at Axon Enterprise, sold 1,000 shares of Common Stock on September 16, 2024, for a total sale amount of $380,990, at a price of $380.99 per share. Following this transaction, Garnreiter directly owns 27,259 shares of Axon Enterprise. The sale was executed under a Rule 10b5-1 trading plan adopted on May 17, 2024.
SEC Filing: AXON ENTERPRISE, INC. [ AXON ] - Form 4 - Sep. 17, 2024
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
One of our most popular services, Zacks Premium offers daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All are useful tools to find what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
Additionally, each selection is accompanied by a full Zacks Analyst Report, something that makes the Focus List even more valuable. The report explains in detail why each stock was picked and why we believe it's good for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Axon Enterprise (AXON)
Headquartered in Scottsdale, AZ, Axon Enterprise, Inc. develops and manufactures weapons for selling to U.S. state and local governments, the U.S. federal government, international government customers and commercial enterprises. Focused on global public safety, Axon’s suite of products includes conducted energy devices, body-worn cameras, in-car cameras, cloud-hosted digital evidence management solutions, productivity software and real-time operations capabilities. The company generates the majority of its revenues through direct sales, including its online store. Its market for body-worn and in-car cameras is exposed to intense competition from Motorola Solutions, Panasonic Corp., Reveal Media, Safe Fleet and Digital Ally Inc., among others. The market for software solutions is vulnerable to competition from Motorola Solutions, Panasonic Corp., IBM, Oracle, FotoWare and Vidizmo, among others. On a geographical basis, the company has operations in the United States (86% of 2023 net sales) and other international markets (14%). Axon operates under the following two segments
AXON, a #3 (Hold) stock, was added to the Focus List on June 3, 2020 at $97.85 per share. Since then, shares have increased 294.25% to $385.77.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.27 to $4.91. AXON boasts an average earnings surprise of 24.1%.
Earnings for AXON are forecasted to see growth of 18.6% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
Zacks Investment Research
U.S. stocks settled higher on Friday, with the S&P 500 and the Nasdaq Composite recording their best week of the year. Both indices also notched gains for the fifth straight day. On a weekly basis, the S&P 500 gained 4%, while the Nasdaq added 5.9%. The Dow has climbed 2.6% last week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst’s opinion to trust.
Benzinga’s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga’s extensive database of analyst ratings is by analyst accuracy. Here’s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Zachary Fadem
Analyst: William Power
Analyst: Seth Seifman
Analyst: Chris Kotowksi
Analyst: Josh Sullivan
Read More:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The S&P 500 Index today is up by +0.59%, the Dow Jones Industrials Index is up by +0.81%, and the Nasdaq 100 Index is up by +0.42%.
Stocks today are moderately higher, with the S&P 500 and the Nasdaq 100 posting 2-week highs and the Dow Jones Industrials posting a 1-1/2 week high. Strength in chip stocks today is lifting the overall market. Also, a decline in bond yields today supports stocks on dovish comments from former New York Fed President Dudley, who said there’s “a strong case for a 50 bp rate cut” at next week’s FOMC meeting. Signs of easing price pressures are also bullish for bonds and stocks after today’s news showed the US Aug import price index ex-petroleum unexpectedly fell -0.1% m/m, weaker than expectations of a +0.2% m/m increase. Stocks extended their gains after the University of Michigan US Sep consumer sentiment index rose more than expected to a 4-month high, supporting the prospects for a soft landing.
The University of Michigan US Sep consumer sentiment index rose +1.1 to a 4-month high of 69.0, stronger than expectations of 68.5.
News on inflation expectations was mixed. The University of Michigan US Sep 1-year inflation expectations unexpectedly eased to a 3-3/4 year low of 2.7% from 2.8% in Aug. However, the Sep 5-10 year inflation expectations unexpectedly rose to a 10-month high of 3.1% from 3.0% in Aug.
Corporate news today is mixed for stocks. On the positive side, Uber Technologies is up more than +5% on the news it will be the sole supplier of driverless rides on Alphabet’s Waymo cars in Austin and Atlanta. Also, RH is up more than +22% and is boosting online retailers after reporting better-than-expected Q2 adjusted EPS. On the negative side, Adobe is down more than -8% after forecasting weaker-than-expected Q4 revenue. Also, Boeing is down -0.47% after the company’s workers in Seattle walked off the job for the first time since 2008.
The markets are discounting the chances at 100% for a -25 bp rate cut for the September 17-18 FOMC meeting and at 49% for a -50 bp rate cut at that meeting.
Overseas stock markets today settled mixed. The Euro Stoxx 50 rose to a 1-week high and is up +0.74%. China's Shanghai Composite fell to a 7-1/4 month low and closed down -0.48%. Japan's Nikkei Stock 225 closed down by +0.68%.
Interest Rates
December 10-year T-notes (ZNZ24) today are up +3 ticks. The 10-year T-note yield is down -1.3 bp to 3.661%. Dec T-notes are climbing today on dovish comments from former New Tork Fed President Dudley, who said “there’s a strong case for a 50 bp rate cut” at next week’s FOMC meeting. T-notes also found support after the Aug import price index ex-petroleum unexpectedly fell, a dovish factor for Fed policy. In addition, short covering is propping up T-notes as bond dealers cover short hedges put on during this week’s $119 billion Treasury auction slate of T-notes and T-bonds.
T-note prices fell back from their bet levels after the University of Michigan US Sep consumer sentiment index rose more than expected to a 4-month high. Also, an increase in inflation expectations undercut T-notes after the 10-year breakeven inflation rate rose to a 1-week high today at 2.089%.
European government bond yields today are mixed. The 10-year German bund yield is up +0.2 bp to 2.153%. The 10-year UK gilt is down -0.7 bp to 3.774%.
Eurozone Jul industrial production fell -0.3% m/m, right on expectations.
ECB President Lagarde said she is open to considering an interest rate cut in October if the Eurozone economy suffers a major setback, but a cut at the December ECB meeting is more likely as we will have more comprehensive information available on the economy by then.
ECB Governing Council member Holzmann said the October ECB meeting might not be the time for another rate cut, but there could be room for another rate cut at the December meeting.
ECB Governing Council member Kazaks said a slump in the Eurozone economy would be required for the ECB to cut interest rates at its next meeting in October.
Swaps are discounting the chances of a -25 bp rate cut by the ECB at 47% for the October 17 meeting.
US Stock Movers
Chip stocks are climbing today to support gains in the broader market. Micron Technology is up more than +4%, and ON Semiconductor is up more than +3%. Also, Applied Materials , Microchip Technology , and Lam Research are up more than +2%. In addition, KLA Corp , Texas Instruments GlobalFoundries , NXP Semiconductors NV , and Intel are up more than +1%.
Uber Technologies is up more than +6% on news it will be the sole supplier of driverless rides on Alphabet’s Waymo cars in Austin and Atlanta that will begin next year.
ARM Holdings Plc is up more than +6% after Raymond James initiated coverage on the stock with a recommendation of outperform and a price target of $160.
Oracle is up more than +3% after raising its 2026 sales outlook to $66 billion from $65 billion, above the consensus of $64.5 billion, and forecasting annual revenue will climb to at least $104 billion in fiscal 2029.
RH is up more than +22% after reporting Q2 adjusted EPS of $1.69, stronger than the consensus of $1.60. Also, Wayfair is up more than +10%, and Etsy is up more than +8% to lead gainers in the S&P 500 on the news.
Summit Therapeutics is up more than +11%, adding to Thursday’s 20% surge after it raised $235 million from investors in a private placement on the heels of promising late-stage trial data from its lung cancer drug ivonescimab.
Vistra Corp is up more than +3% after Jeffries named the stock its top pick in the power sector with a buy recommendation and a price target of $99.
GE Vernova is up more than +4% after BMO Capital Markets initiated coverage on the stock with a recommendation of outperform and a price target of $245.
SL Green Realty is up more than +2% after Citigroup upgraded the stock to neutral from sell.
Adobe is down more than -8% to lead losers in the S&P 500 and Nasdaq 100 after forecasting Q4 revenue of $5.50 billion-$5.55 billion, below the consensus of $5.60 billion.
Boeing is down -0.47% to lead losers in the Dow Jones Industrials after the company’s workers in Seattle walked off the job for the first time since 2008.
Moderna is down more than -3%, adding to Thursday’s -12% plunge after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $70.
Garmin Ltd is down more than -7% after Barclays downgraded the stock to underweight from equal weight with a price target of $133.
GE Healthcare is down more than -1% after holder Morgan Stanley offered 10 million shares in a secondary underwritten public offering.
Axon Enterprise is down more than -1% on signs of insider selling after an SEC filing showed CFO Bagley sold $1.64 million of shares on Thursday.
Earnings Reports (9/13/2024)
Dakota Gold Corp (DC), Selectquote Inc (SLQT), Spire Global Inc (SPIR).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policyhere.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.