2023-03-28 05:57:00 ET
When the stock market makes a relatively large move, it's a sign that trading activity might be elevated. Last year was definitely one of those times, with the benchmark S&P 500 falling 19% and the Nasdaq-100 technology index plunging 33%. That's generally positive for stock brokerages, who earn a commission whenever their customers place a trade.
Interactive Brokers (NASDAQ: IBKR) is one of the largest online investment platforms in the world. While heightened financial market activity is good for its business, the real difference maker in 2022 was higher interest rates. It's one of very few companies that benefited as the cost of money soared.
The tailwinds driving its business are likely to continue, at least in the near term, yet investors can buy Interactive Brokers stock right now at a very attractive price. Here's why they might want to grab that opportunity with both hands.
For further details see:
Higher Interest Rates Make This Growth Stock a Big Winner -- and It's Cheap