I recently added new position MKTX to the portfolio.
MarketAxess operates the leading platform for the electronic trading of corporate bonds.Recently, we found for an active high-yield bond fund, and on the manager call they mentioned they exclusively use MarketAxess for their trading activity. The company is poised to capture broad-based capital market growth as they've recently expanded their business into different segments of the fixed income market. I've been following MKTX for a long time, and think the setup looks attractive.
Morningstar gives it a Wide economic moat, a Stable moat trend, Exemplary capital allocation, and a four star valuation. A fair value of $350 means MKTX is trading at a 27% discount.
Technically, the "h" pattern is a durable double bottom setup.
MarketAxess operates the leading platform for the electronic trading of corporate bonds.Recently, we found for an active high-yield bond fund, and on the manager call they mentioned they exclusively use MarketAxess for their trading activity. The company is poised to capture broad-based capital market growth as they've recently expanded their business into different segments of the fixed income market. I've been following MKTX for a long time, and think the setup looks attractive.
Morningstar gives it a Wide economic moat, a Stable moat trend, Exemplary capital allocation, and a four star valuation. A fair value of $350 means MKTX is trading at a 27% discount.
Technically, the "h" pattern is a durable double bottom setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.