The S&P 500 Bull Market Plus High Interest Rates Equals Opportunity for 1 Magnificent Stock
The S&P 500 index just set a new all-time high, which means the recovery that began 15 months ago can officially be called a bull market. Investors have been encouraged by the drop in inflation over the past year, which is feeding expectations that interest rates could fall throughout 2024.
Interactive Brokers (NASDAQ: IBKR) is one of the world's leading online platforms for trading stocks and other financial assets. It benefits from bullish stock market conditions in more ways than one, and it has also experienced a serious financial tailwind from higher interest rates lately. In fact, even if rates do come down slightly, the company's interest income should remain elevated.
But here's the best part: Interactive just reported its official financial results for 2023, and its stock is dirt cheap based on its earnings per share. Here's why investors might want to buy in now.
Source Fool.com
