Wednesday, March 3, 2021

Chart of the Day - Tradeweb Markets


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Barchart.com's Chart of the Day - Tradeweb Markets
March 3, 2021: Published by Barchart.com

The Barchart Chart of the Day belongs to the financial services company Tradeweb Markets (NASDAQ:TW).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 2/9 the stock gained 7.34%. 

Tradeweb Markets Inc. builds and operates electronic marketplaces in the United States, Europe, Asia, and internationally. The company's marketplaces facilitate trading in a range of asset classes, including rates, credit, money markets, and equities. It offers pre-trade data and analytics, trade execution, and trade processing, as well as post-trade data, analytics, and reporting services. The company provides flexible order and trading systems to institutional investors in 40 markets across 25 currencies. It also offers a range of electronic, voice, and hybrid platforms to approximately 300 dealers and financial institutions on electronic or hybrid markets with Dealerweb platform; and trading solutions for financial advisory companies and traders with Tradeweb Direct platform. The company serves a network of approximately 2,500 clients in the institutional, wholesale, and retail client sectors. Its customers include asset managers, hedge funds, insurance companies, central banks, banks and dealers, proprietary trading firms, retail brokerage and financial advisory firms, and regional dealers. The company was founded in 1996 and is headquartered in New York, New York. Tradeweb Markets Inc. is a subsidiary of BCP York Holdings.

TW Tradeweb Markets

 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 52.81+ Weighted Alpha
  • 41.15% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 16 new highs and up 13.65% in the last month
  • Relative Strength Index 67.12%
  • Technical support level at 72.40
  • Recently traded at 72.70 with a 50 moving average of 66.02

Fundamental factors:

  • Market Cap $16.69 billion
  • P/E 58.02
  • Dividend yield .43%
  • Revenue expected to grow 10.30% this year and another 8.60% next year
  • Earnings estimated to increase 9.90% this year, an additional 10.40% next year and continue to compound at an annual rate of 12.02% for the next 5 years
  • Wall Street analysts issued 2 strong buy, 5 buy and 8 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 170 to 13 that the stock will beat the market
  • 3,270 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

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Copyright © 2018, All rights reserved. The information contained herein is derived from public sources believed to be reliable but is not guaranteed as to its accuracy or completeness. No responsibility is assumed for the use of this material and no express or implied warranties nor guarantees are made. Nothing contained herein should be construed as an offer to buy or sell, or as a solicitation to buy or sell, any securities or derivative instruments.
 

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