MarketAxess Holdings Inc $ 438.66 -8.83 (-1.97%)
MarketAxess Holdings Inc News and Headlines -
Recently, Barron’s magazine published a list of the top 10 stocks over the past decade, stocks that beat even Amazon.com Inc. (AMZN) and Google parent Alphabet Inc. (GOOG).
Third on that list was TransDigm Group Inc. (TDG) with a total return of 2,015% between Jan. 1, 2010 and Dec. 31, 2019. It was beaten by only two other companies, MarketAxess Holdings Inc. (MKTX) with a 3,015% return and Netflix Inc. (NFLX), which returned 3,693%.
Just a few months into the decade of the 2020s, though, the TransDigm share price has fallen dramatically:
Berkshire Hathaway (BRK.A) (BRK.B) may not have been buying a lot of the dip so far this year, contrary to many people’s expectations that the Oracle of Omaha would be pouring the conglomerate's massive pile of cash into equities.
According to the company’s vice chairman, Charlie Munger (Trades, Portfolio) the $460 billion conglomerate aims to get through the economic typhoon “safe for people who have 90% of their net worth invested in it.” The value investing guru also thinks that the company will “emerge on the other side very strong,” as it acts “fairly conservatively.”
Tightening regulations, mainly the Volcker Rule, Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel II/III, have created an unprecedented catalyst for the increasing adoption of electronic trading in the bond market.
MarketAxess (MKTX) is an undeniable beneficiary from the trend so far, and it is one of the fastest-growing FinTech businesses. As you can see below, the annual free cash flow nearly quintupled over the past decade, creating tremendous value.
New York-based MarketAxess operates a leading electronic trading platform for fixed-income market participants to trade corporate bonds and other types of instruments efficiently. The
As the market rings in a new year and a new decade, investors look back to reflect on the best-performing stocks in the Standard & Poor’s 500 over the past 10 years.
Recovering from the Great Recession, the index has returned nearly 185% since 2010. The S&P 500 has only recorded two years of losses since then as the economy experienced steady growth.
The technology sector left the rest of the market in the dust over the same period as innovation and demand accelerated. Similarly, CNBC reported the semiconductor sector was the best-performing industry
According to the GuruFocus All-in-One Screener, the following stocks have outperformed the Standard & Poor's 500 index over the past 12 months and were bought by gurus during the last quarter.
MarketAxess Holdings Inc. (MKTX) has a market cap of $7.95 billion. It has outperformed the S&P 500 index by 21.3% over the past 12 months.
Shares are trading with a price-earnings ratio of 51.34. According to the DCF calculator, the stock is overpriced by 82% at $211 per share. It is currently 26.66% above its 52-week low and 5.47% below its 52-week high.
According to the GuruFocus All-in-One Screener, the following stocks have reported high business predictability ratings and positive total returns over the past six months. At least five gurus are shareholders of these companies.
Moody's Corp. (MCO) offers opinions and reports to investors and institutions. It has a market cap of $33.61 billion. The company has a 3.5 out of five-star business predictability rating.
The stock has risen 19.3% since the beginning of the year and is trading with a price-earnings ratio of 33.11. The price has been as high as $179.84 and as low as $118.33 in the past
According to GuruFocus’ All-in-One Screener, the following stocks have high business predictability ratings, and total returns since the beginning of the year are positive. At least five gurus are shareholders in the companies.
Microchip Technology Inc. (MCHP)
The company develops, manufactures and sells semiconductor products used for a range of embedded control applications. It also provides license Flash-IP solutions.
GuruFocus gives the company a business predictability rating of 4 out of 5 stars. The stock has risen by 27.4% since the beginning of the year.
The stock is trading with a price-earnings (P/E) ratio of 122.77. The price
Within the Financials sector, MarketAxess Holdings Inc. (MKTX) owns and operates the dominant electronic platform for trading corporate bonds and other fixed income securities. Trading across asset classes continues to migrate away from trading pits and phones to electronic venues. Regulations enacted after the global financial crisis of 2007-08 have accelerated this shift as higher capital and liquidity requirements for banks have restricted their ability to act as market-makers. We believe the corporate bond market is in the early stage of a secular transition from voice-based to electronic trading, and that MarketAxess, as a leading electronic platform, will be a
The All-In-One Screener highlights stocks that have a five-year growing dividend yield with strong profitability and a long-term track record of solid returns and growing asset value.
PolyOne Corp.’s (POL) dividend yield has grown 26% over the last five years. The yield is now 1.47% with a payout ratio of 30%. The company has a 10-year asset growth rate of 7% supported by an average return on assets (ROA) of 4.59%.
The company is a provider of specialized polymer materials, services and solutions with operations in specialty polymer formulations, color and additive systems, thermoplastic resin distribution and specialty
Thanks to GuruFocus
Ron Baron (Trades, Portfolio) is the founder of Baron Capital Management. He is co-portfolio manager of Baron Asset Fund and remains portfolio manager of the Growth and Partners Funds. He manages a portfolio composed of 296 stocks with a total value of $18.898 billion.
Gaming and Leisure Properties Inc. (GLPI)
The investor increased his shares in Gaming and Leisure Properties by 19.55% in the first quarter and now holds 11,086,576 shares. Since then the price of the stock has risen by 29%.
The company has a market cap of $5.09 billion and an enterprise value of
Technology is also transforming the capital markets. Trading across asset classes continues to migrate away from trading pits and phones to electronic venues. Regulatory changes enacted after the global financial crisis have accelerated this shift as higher capital and liquidity requirements for banks have restricted their ability to act as effective market-makers. MarketAxess Holdings Inc. (MKTX) operates the dominant electronic platform for trading corporate bonds. We believe the corporate bond market is in the early innings of a secular shift from voice-based trading to electronic trading, and that MarketAxess will be the prime beneficiary of this transition.
MarketAxess Holdings, Inc. (NASDAQ:MKTX) operates the leading electronic trading platform for corporate bonds and other fixed-income securities. The stock price rose after the company reported strong financial results and growth in trading volumes. The company also announced an expansion into new product categories, which we think meaningfully increases the addressable market. We continue to own MarketAxess because we believe it will be the prime beneficiary of the secular shift in the corporate bond market from voice-based trading to electronic trading. (Josh Saltman)
From Baron Opportunity Fund first quarter 2016 commentary.
Dear Baron Opportunity Fund Shareholder:
Baron Opportunity Fund (the
According to GuruFocus' All-in-One Screener, the following stocks have had strong performances over the last 10 years with high and steady returns as well as profitability. EPS has also grown steadily with the companies' revenues. Most of these companies have great cash-to-debt ratios.
KapStone Paper And Packaging Corp. (KS)
The company during the last 10 years has had an average ROE of 18.84% and an average ROA of 6.66%; the average profitability has been 11.78% for its operating margin and 7.47% for its net margin. Even earnings per share had a strong performance, reporting a 10-year growth rate
Royce Global Financial Services Fund fell 4.7% in 2015, compared to a loss of 4.4% for its small-cap benchmark, the Russell 2000 Index, and a gain of 3.1% for the financial services component of the Russell 2500 Index for the same period. The first half of the year was better than the second. For the year-to-date period ended June 30, 2015, the Fund advanced 7.2%, easily outperforming both its smallcap benchmark, which was up 4.8%, and the Russell 2500 Financial Services Index, which was up 3.1% for the same period.
A sweeping correction hit the equity markets in
MarketAxess Holdings, Inc. (MKTX) operates the leading electronic platform for trading corporate bonds and other fixed-income securities. The company has dominant share with over 90% of electronic trading in the U.S. corporate bond market, which is in the early innings of a transition away from broker assisted voice-based trading to electronic. Electronic trading platforms provide a lower-cost and more efficient way to connect buyers and sellers. Just as the equities and futures markets shifted from trading floors/pits to electronic trading in the ‘80s and ‘90s, we would expect the same transition to happen in fixed-income in the coming years. With