2024-05-27 18:37:08 ET
Summary
- MarketAxess is a rare pure-play on bond market trading.
- The company has made several accretive acquisitions, most recently related to algorithmic trading, and has seen a much-needed leadership change.
- An increasing client base and my expectations for increased market volatility and credit spreads could drive an acceleration in results.
- MKTX stock fell sharply earlier this year, found support at $200, and continues to bounce around where contrarian or GARP investors may find interest.
What's the first image that comes to mind when prompted with the word "market"? It might be your online brokerage website, the stock pages of a newspaper's business section, the hectic trading floor of the New York Stock Exchange, or the even more hectic souks of Marrakesh (stay away from the aggressive watch salesmen!)....
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MarketAxess May Be The Future