Marketplace operator Tradeweb Markets has grown sales and profits every quarter of the past year despite the pandemic. And on Tuesday, the IBD SmartSelect Composite Rating for Tradeweb Markets (TW) climbed to a near-best 96, up from 93 on Monday. Tradeweb stock rose Tuesday.
The new rating shows that Tradeweb stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. Winning stocks often have a 95 or higher score in the early stages of a new price run, so that’s a good starting point when looking for the best stocks to buy and watch.
Big Money Takes A Liking To Tradeweb Stock
New York-based Tradeweb Markets builds and operates over-the-counter markets in the U.S. and abroad.
Its Accumulation/Distribution Rating of B-, on an A+ to E scale, indicates moderate buying by institutional investors over the past 13 weeks. Additionally, Tradeweb is in the Financial Services-Specialty group, ranked No. 40 on IBD’s list of 197 industry groups. CAN SLIM investors generally look for companies, like Tradeweb, that are in the top quartile of companies on the list.
The company reported a 16% EPS gain for Q1, to 43 cents a share. That came on top of gains of 20%, 11% and 31% the prior three quarters. The top line grew 18% to $273.4 million.
Tradeweb stock debuted in April 2019, closing the first week of that month at 36.58. It traded at 85.99 Tuesday afternoon, up 0.4% for the day and up about 135% from its IPO.
Tradeweb Markets earns the No. 6 rank among its peers in the Financial Services-Specialty industry group. A-Mark Precious Metals (AMRK), 360 DigiTech (QFIN) and Nasdaq (NDAQ) are among the top 5 highly rated stocks in the group.
Tradeweb stock sports an 88 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 88% of all stocks.
Tradeweb Markets is now out of buy range after breaking out from a 68.90 entry in a flat base. See if it forms a new buying opportunity, such as a three-weeks-tight pattern or a rebound off its 50-day or 10-week line.
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