A 10-Day Winning Streak Has Tradeweb Markets Stock Up 11%
Tradeweb Markets (TW) stock is on a 10-day winning streak, up 10.7% since the run began. That added about $2.7 billion to the company’s market value, which now stands at about $27.7 billion. The stock closed at $131.64 on Thursday, November 12, its highest close of the past year.
How The Streak Stacks Up Against The S&P 500
Returns for TW and the S&P 500 over the streak and the periods around it, all ending Thursday, November 12 and including dividends:
| Return Period | TW | S&P 500 |
|---|---|---|
| 1 Day | 0.8% | -0.3% |
| 10 Days (Current Streak) | 10.7% | -1.6% |
| 1 Month (21 Trading Days) | 18.9% | -1.6% |
| 3 Months (63 Trading Days) | 24.0% | -2.2% |
| Year To Date | 22.9% | 12.0% |
| 1 Year (252 Trading Days) | 19.9% | 12.2% |
Is This Move About Tradeweb Markets Or The Market?
The market explains little of this: the S&P 500 lost 1.6% over the same 10 sessions, including dividends, against Tradeweb Markets’ +10.7%. Over the past three months the stock is up 24.0%, a window that includes the streak; over the other 53 sessions of that window it was up 12.0%.
Is The Business Keeping Up With The Stock?
On the fundamentals, revenue grew 14.4% over the last twelve months, against a median of 9.7% for S&P 500 Financials stocks; its operating margin is 44.5%, versus a median of 26.8%; and the stock trades at 30.5 times trailing earnings against a median of 14.1. The numbers make the run harder to justify: a multiple well above the median. At this price, the stock is asking a lot of the business.
A climb like this is worth respecting, and worth testing. Our Guidance Momentum screen tracks the stocks whose companies just raised their own forward numbers.
Streaks End. Discipline Compounds
A run like this is genuinely useful information: something about this business has the market’s full attention. But streaks are where discipline gets tested, because the urge to chase strength is strongest right before it pauses.
The Trefis High Quality (HQ) Portfolio channels that urge into a system: roughly 30 businesses selected for consistent cash generation, strong margins, and resilient balance sheets, sized and rebalanced with rules rather than excitement. It has a track record of outpacing a benchmark that combines the S&P 500, the S&P MidCap 400, and the Russell 2000. Enjoy the streak; own the process.