Jim Cramer breaks down Tradeweb's IPO and explains why the stock could be worth buying.
CNBC's Jim Cramer on Friday said Tradeweb Markets, the electronic trading platform that listed on public markets Thursday, could be worth buying when compared with MarketAxess.
Although shares of Tradeweb are selling for roughly 31-times 2019 earnings estimates, MarketAxess, another electronic trading platform for bonds, is trading for 50-times earnings, he said. Cramer said he likes Tradeweb's business because average daily volumes grew 37% last year and the company is already profitable, which is uncommon for an IPO. January was the company's best month in its more than 20 years of business. It could have topped that performance in February, if it wasn't a short month, he said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cramer Remix: Why the decline in cloud stocks and Lyft's move higher go hand in handJim Cramer discusses what the drop in cloud stocks signals for the IPO market.
Leer más »
Cramer: Nasdaq, Goldman Sachs, and Amazon are de-risked IPO playsJim Cramer breaks down how investors can make money from the IPO boom without investing directly in them.
Leer más »
Burlington Stores could be the next retailer to rebound, Jim Cramer saysJim Cramer breaks down Burlington Stores' most recent earnings and explains why he thinks the stock is ready to rebound.
Leer más »
Apple's new products are a game changer for customers, but not Wall Street, Jim Cramer saysJim Cramer explains why the analysts are wrong about Apple's new products and why investors should be buying the stock.
Leer más »
Cramer: 'We're in trouble' if JP Morgan's stock doesn't rally when it reports earnings'If that stock doesn't go up when it reports we're in trouble,' CNBC's Jim Cramer says.
Leer más »
Cramer Remix: Don't sweat it—athleisure is still strongJim Cramer breaks down the performance of the athleisure space.
Leer más »
Cramer: Buy these stocks when investors are worried about rising labor, oil costs'The more downbeat stories we see about the market, the more likely it will be that we'll have a decent earnings season,' Jim Cramer says.
Leer más »
Cramer: Altria's non-tobacco moves makes it a compelling stock to buyJim Cramer says if he had to pick a tobacco stock, he'd buy Altria as the company takes aggressive moves to offset the secular decline in smoking.
Leer más »
Cramer: Dave & Busters has the keys to successful retail in 2019Jim Cramer breaks down Dave & Busters latest earnings beat and explains how the entertainment chain is bringing patrons to the mall.
Leer más »
Cramer Remix: You can't ignore the rebound in these two food companiesJim Cramer digs into the packaged food industry and reveals how General Mills and JM Smucker have rebounded after its toxic turn.
Leer más »