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MORN or NDAQ or SPGI
Which Stock Would AI Choose? Morningstar (MORN) vs. Nasdaq (NDAQ) vs. S&P Global (SPGI) Stock Comparison
Key Takeaways
- Morningstar (MORN), Nasdaq (NDAQ), and S&P Global (SPGI) all provide essential financial data, research, and market infrastructure services, making them relevant for investors tracking sector stability and growth in data-driven finance.
- In recent weeks, MORN has shown modest recovery with Q2 revenue growth of 9.6% and continued AI and index partnerships, though its smaller market capitalization limits scale compared to peers.
- NDAQ delivered standout Q2 results with 15% revenue growth, record listings including SpaceX, and expansion in financial technology solutions amid steady market activity.
- SPGI posted 10-11% revenue increases in Q2, benefited from the July Mobility Global spin-off, and announced an OpenZeppelin acquisition to bolster on-chain risk assessment capabilities.
- Relative performance reflects trade-offs: NDAQ emphasizes exchange and listings momentum, SPGI offers broad recurring revenue stability post-restructuring, and MORN focuses on research and private-market data expansion.
- Valuation sensitivity varies, with all three exhibiting exposure to market volatility, interest rates, and adoption of artificial intelligence tools across their platforms.
Introduction
Morningstar (MORN), Nasdaq (NDAQ), and S&P Global (SPGI) represent interconnected segments of the financial information and market services industry. These companies supply investment research, credit ratings, market indices, exchange operations, and data analytics that underpin trading, compliance, and portfolio decisions worldwide. The comparison appeals to institutional and retail investors seeking exposure to resilient, fee-based businesses less directly tied to economic cycles than traditional banking or asset management. Traders monitoring relative performance in the financial exchanges and data subsector may find value in assessing how each firm navigates recurring revenue streams, technological shifts, and capital allocation in the current environment.
MORN Overview and Recent Performance
Morningstar (MORN) delivers independent investment research, data, and index solutions primarily to asset managers, advisors, and individual investors. Its platforms cover mutual funds, equities, credit analysis, and private-market intelligence through subsidiaries such as PitchBook. In recent market activity, the stock has traded near $204 amid broader sector consolidation, with year-to-date returns reflecting underperformance relative to major benchmarks. Q2 2026 results highlighted 9.6% revenue growth to $663 million and adjusted earnings gains, supported by strength in credit ratings, direct platforms, and the accretive CRSP indexes acquisition. Sentiment has been influenced by ongoing AI integrations, partnerships for private-market tools, and a quarterly dividend declaration, though concerns over generative AI disruption have weighed on longer-term valuation multiples.
NDAQ Overview and Recent Performance
Nasdaq (NDAQ) operates global exchanges, provides market technology, and offers data and analytics solutions across trading, surveillance, and financial crime detection. The company has diversified into high-margin software and recurring services. Recent performance shows the shares near $94, with year-to-date results modestly negative yet supported by 1-year gains in the mid-single digits. Q2 2026 delivered 15% net revenue growth to $1.5 billion, record listings proceeds highlighted by the SpaceX IPO, and non-GAAP EPS of $1.07. Momentum stems from double-digit expansion across divisions, annualized recurring revenue growth, and initiatives in tokenized assets and 24-hour trading concepts, contributing to stable sentiment in a competitive listings environment.
SPGI Overview and Recent Performance
S&P Global (SPGI) supplies credit ratings, market indices, data analytics, and energy information to financial institutions and corporations globally. Following the July 1, 2026, spin-off of Mobility Global, the firm has sharpened focus on its core benchmark businesses. Shares have recently hovered near $405, with performance reflecting post-spin stabilization after earlier declines. Q2 2026 revenue rose 10-11% to $4.146 billion on a reported basis, with adjusted EPS growth and margin expansion driven by Ratings and Indices strength. Recent developments include the OpenZeppelin acquisition for on-chain security assessments and accelerated AI adoption across data platforms, supporting constructive sentiment around recurring revenue and productivity initiatives.
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Head-to-Head Comparison
Business models differ in emphasis: MORN centers on research and private-market data with smaller scale, NDAQ combines exchange operations with technology solutions and benefits from listings cyclicality, while SPGI leverages dominant positions in ratings and indices for high-margin recurring revenue. Growth drivers include AI adoption across all three, though NDAQ has capitalized on record IPO activity and SPGI on post-spin efficiency. Recent momentum favors NDAQ’s double-digit revenue expansion and MORN’s margin improvements, contrasted with SPGI’s steady execution amid restructuring. Risk factors encompass regulatory scrutiny for exchanges and ratings, competition in data analytics, and sensitivity to equity market volumes. Sector exposure remains concentrated in financial infrastructure, with valuation multiples reflecting growth expectations and stability profiles. Market sentiment has been neutral to constructive, supported by earnings beats but tempered by broader interest-rate and AI-disruption considerations.
Tickeron AI Verdict
Based on observable factors such as trend consistency in recurring revenue, recent catalysts including listings records and strategic acquisitions, and relative positioning within the sector, Tickeron’s AI would likely assign a modest probabilistic preference to NDAQ at present. Its combination of exchange-driven growth and technology diversification shows stronger alignment with current market dynamics compared to peers, though outcomes remain subject to evolving conditions and no outcome is assured.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
MORN | NDAQ | SPGI | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 29 | 19 | 9 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 65 Fair valued | 83 Overvalued | 87 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 33 | 99 | |
SMR RATING 1..100 | 31 | 52 | 56 | |
PRICE GROWTH RATING 1..100 | 42 | 46 | 58 | |
P/E GROWTH RATING 1..100 | 72 | 65 | 84 | |
SEASONALITY SCORE 1..100 | 85 | 85 | 75 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
MORN's Valuation (65) in the Financial Publishing Or Services industry is in the same range as NDAQ (83) in the Investment Banks Or Brokers industry, and is in the same range as SPGI (87) in the Financial Publishing Or Services industry. This means that MORN's stock grew similarly to NDAQ’s and similarly to SPGI’s over the last 12 months.
NDAQ's Profit vs Risk Rating (33) in the Investment Banks Or Brokers industry is significantly better than the same rating for SPGI (99) in the Financial Publishing Or Services industry, and is significantly better than the same rating for MORN (100) in the Financial Publishing Or Services industry. This means that NDAQ's stock grew significantly faster than SPGI’s and significantly faster than MORN’s over the last 12 months.
MORN's SMR Rating (31) in the Financial Publishing Or Services industry is in the same range as NDAQ (52) in the Investment Banks Or Brokers industry, and is in the same range as SPGI (56) in the Financial Publishing Or Services industry. This means that MORN's stock grew similarly to NDAQ’s and similarly to SPGI’s over the last 12 months.
MORN's Price Growth Rating (42) in the Financial Publishing Or Services industry is in the same range as NDAQ (46) in the Investment Banks Or Brokers industry, and is in the same range as SPGI (58) in the Financial Publishing Or Services industry. This means that MORN's stock grew similarly to NDAQ’s and similarly to SPGI’s over the last 12 months.
NDAQ's P/E Growth Rating (65) in the Investment Banks Or Brokers industry is in the same range as MORN (72) in the Financial Publishing Or Services industry, and is in the same range as SPGI (84) in the Financial Publishing Or Services industry. This means that NDAQ's stock grew similarly to MORN’s and similarly to SPGI’s over the last 12 months.
| MORN | NDAQ | SPGI | |
|---|---|---|---|
| RSI ODDS (%) | N/A | 1 day ago 70% | 1 day ago 68% |
| Stochastic ODDS (%) | 1 day ago 74% | 1 day ago 67% | 1 day ago 63% |
| Momentum ODDS (%) | 1 day ago 56% | 1 day ago 65% | 1 day ago 52% |
| MACD ODDS (%) | 1 day ago 63% | 1 day ago 66% | 1 day ago 61% |
| TrendWeek ODDS (%) | 1 day ago 54% | 1 day ago 63% | 1 day ago 56% |
| TrendMonth ODDS (%) | 1 day ago 53% | 1 day ago 53% | 1 day ago 51% |
| Advances ODDS (%) | 1 day ago 56% | 1 day ago 63% | 1 day ago 55% |
| Declines ODDS (%) | 12 days ago 61% | 9 days ago 50% | 9 days ago 54% |
| BollingerBands ODDS (%) | 1 day ago 57% | 3 days ago 66% | 1 day ago 62% |
| Aroon ODDS (%) | 1 day ago 64% | 1 day ago 50% | 1 day ago 60% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
MORN’s FA Score shows that 1 FA rating(s) are green while NDAQ’s FA Score has 1 green FA rating(s), and SPGI’s FA Score reflects 0 green FA rating(s).
- MORN’s FA Score: 1 green, 4 red.
- NDAQ’s FA Score: 1 green, 4 red.
- SPGI’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
MORN’s TA Score shows that 6 TA indicator(s) are bullish while NDAQ’s TA Score has 6 bullish TA indicator(s), and SPGI’s TA Score reflects 5 bullish TA indicator(s).
- MORN’s TA Score: 6 bullish, 4 bearish.
- NDAQ’s TA Score: 6 bullish, 4 bearish.
- SPGI’s TA Score: 5 bullish, 6 bearish.
Price Growth
MORN (@Financial Publishing/Services) experienced а +11.39% price change this week, while NDAQ (@Financial Publishing/Services) price change was +3.68% , and SPGI (@Financial Publishing/Services) price fluctuated +5.58% for the same time period.
The average weekly price growth across all stocks in the @Financial Publishing/Services industry was +4.18%. For the same industry, the average monthly price growth was +0.24%, and the average quarterly price growth was +8.09%.
Reported Earning Dates
MORN is expected to report earnings on Oct 28, 2026.
NDAQ is expected to report earnings on Oct 22, 2026.
SPGI is expected to report earnings on Oct 27, 2026.
Industries' Descriptions
@Financial Publishing/Services (+4.18% weekly)The financial publishing /services sector includes companies that provide informational products and services that are of value to investors, financial/analytics professionals and other interested readers. The products include real-time stock quotes, financial news and analyses. Think S&P Global, Inc., Moody`s Corporation, Thomson-Reuters Corp and IHS Markit Ltd. Information is critical in making financial or investment decisions, and what makes this industry’s output relevant at all times, across various economic conditions.
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MORN and
Correlation & Price change
A.I.dvisor indicates that over the last year, MORN has been loosely correlated with JEF. These tickers have moved in lockstep 64% of the time. This A.I.-generated data suggests there is some statistical probability that if MORN jumps, then JEF could also see price increases.
| Ticker / NAME | Correlation To MORN | 1D Price Change % | ||
|---|---|---|---|---|
| MORN | 100% | +0.84% | ||
| JEF - MORN | 64% Loosely correlated | -0.05% | ||
| SF - MORN | 63% Loosely correlated | +0.33% | ||
| PIPR - MORN | 63% Loosely correlated | +1.40% | ||
| SPGI - MORN | 63% Loosely correlated | +1.26% | ||
| GS - MORN | 62% Loosely correlated | +1.44% | ||
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SPGI and
Correlation & Price change
A.I.dvisor indicates that over the last year, SPGI has been closely correlated with MCO. These tickers have moved in lockstep 88% of the time. This A.I.-generated data suggests there is a high statistical probability that if SPGI jumps, then MCO could also see price increases.
| Ticker / NAME | Correlation To SPGI | 1D Price Change % | ||
|---|---|---|---|---|
| SPGI | 100% | +1.26% | ||
| MCO - SPGI | 88% Closely correlated | +1.21% | ||
| MSCI - SPGI | 71% Closely correlated | +0.61% | ||
| NDAQ - SPGI | 65% Loosely correlated | +1.39% | ||
| MORN - SPGI | 62% Loosely correlated | +0.84% | ||
| JEF - SPGI | 62% Loosely correlated | -0.05% | ||
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