MarketAxess Holdings (MKTX) Shares Rise 0.46% Amid Earnings Anticipation

MarketAxess Holdings (MKTX) shares rose 0.46% today, marking the lowest intraday decline of 0.94% since May 2025.

The strategy of purchasing MKTX shares after they reached a recent low and holding for one week yielded moderate returns over the past five years. The annualized return was 10.5%, with a maximum drawdown of 12.9% during the backtest period. This indicates the strategy's ability to generate consistent returns while managing risk, making it a suitable approach for investors seeking stable performance.

MarketAxess Holdings' recent stock price movements can be attributed to its underperformance compared to the S&P 500 Index and the Financial Select Sector SPDR Fund. The underperformance is mainly due to higher expenses and a decrease in credit variable commission revenues, as well as fluctuations in foreign currencies affecting credit variable transaction fees.

Additionally, MarketAxess Holdings is expected to release its fiscal second-quarter earnings for 2025 on August 5. Analysts anticipate a 12.8% increase in EPS compared to the previous year. However, historical underperformance and current negative signals suggest continued weak performance in the near term.