Investors focused on the Finance space have likely heard of MarketAxess Holdings (MKTX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
MarketAxess Holdings is one of 888 companies in the Finance group. The Finance group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MKTX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MKTX's full-year earnings has moved 9.41% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MKTX has gained about 16.44% so far this year. At the same time, Finance stocks have lost an average of 24.40%. This means that MarketAxess Holdings is outperforming the sector as a whole this year.
Looking more specifically, MKTX belongs to the Securities and Exchanges industry, a group that includes 7 individual stocks and currently sits at #21 in the Zacks Industry Rank. On average, this group has lost an average of 1.99% so far this year, meaning that MKTX is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track MKTX. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Investors focused on the Finance space have likely heard of MarketAxess Holdings (MKTX - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
MarketAxess Holdings is one of 888 companies in the Finance group. The Finance group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. MKTX is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for MKTX's full-year earnings has moved 9.41% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the latest available data, MKTX has gained about 16.44% so far this year. At the same time, Finance stocks have lost an average of 24.40%. This means that MarketAxess Holdings is outperforming the sector as a whole this year.
Looking more specifically, MKTX belongs to the Securities and Exchanges industry, a group that includes 7 individual stocks and currently sits at #21 in the Zacks Industry Rank. On average, this group has lost an average of 1.99% so far this year, meaning that MKTX is performing better in terms of year-to-date returns.
Investors with an interest in Finance stocks should continue to track MKTX. The stock will be looking to continue its solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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