It's a Great Time to Buy MarketAxess Holdings
The past year has been rough on shareholders of MarketAxess Holdings (NASDAQ: MKTX). The stock price is now down 26% since last November's peak, and remains within sight of the new 52-week lows reached just a few days ago. The bigger-picture downtrend is also still very much intact.
But the best time to step into solid companies is when their stocks have been unnecessarily upended. That's MarketAxess to be sure. While business has been relatively slow this year in the wake of the pandemic's impact, the company's long-standing pattern of growth is expected to be fully restored in 2022. This is a case where it's better to think pre-emptively than reactively.
Image source: Getty Images.
Source Fool.com
