Block (SQ)

Block (SQ)

Postby winston » Sun Nov 22, 2015 9:44 am

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Don’t Get Too Excited About the Square IPO

SQ generates more than $1 billion per year in transaction fees, but still can't turn a profit

By Hilary Kramer

Source: Game Changers

http://investorplace.com/2015/11/dont-g ... lEc0nYrKM8
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Re: Square (SQ)

Postby iam802 » Sat Apr 02, 2016 12:48 am

Screen Shot 2016-04-02 at 12.45.17 AM.png


I see good possible entry at $10.
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1. Always wait for the setup. NO SETUP; NO TRADE

2. The trend will END but I don't know WHEN.

TA and Options stuffs on InvestIdeas:
The Ichimoku Thread | Option Strategies Thread | Japanese Candlesticks Thread
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Re: Square (SQ)

Postby winston » Sat Oct 22, 2016 8:58 pm

Buy This Stock Now at $11.25 with a Target Price of $17.00

By David Goodboy

Shares have found support at the 200-day simple moving average setting up an ideal buy opportunity.

Earnings are expected to be released on November 1, and I expect a solid estimate beat with shares breaking out higher.

Buy now at $11.25 with initial stops set at $9.23 per share and a target price of $17.00 per share.


Source: Street Authority

http://dailytradealert.com/2016/10/22/b ... -of-17-00/
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Re: Square (SQ)

Postby winston » Thu Mar 15, 2018 8:57 pm

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THE GROWING TREND IN MOBILE PAYMENTS

Today, we check in on one of Steve's favorite tech trends...

Across the globe, consumers are abandoning cash and turning to mobile payments. From street performances to church donations, more people are buying and selling goods and services with their smartphones. That's where Square (SQ) comes in...

The $21 billion financial-services company offers businesses the point-of-sale technology needed to make these transactions. Vendors of all sizes use Square's software to process mobile payments, read chip cards, send invoices, and even track their inventories.

And the cost of convenience is paying off... According to Square's fourth-quarter earnings report, net revenues were up 36% over the same period a year ago.

As you can see from the following chart, this has been a tailwind for Square shares. The stock is up more than 200% over the past year, and recently hit a new all-time high. As long as people continue to pay with their smartphones, this trend shows no signs of slowing down...

Source: Daily Wealth
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Re: Square (SQ)

Postby winston » Sat Jun 09, 2018 10:17 pm

THIS TECH TREND IS GAINING A FOOTHOLD IN THE U.S.

Today, we're looking at a huge trend emerging in financial technology...

Regular readers know Steve believes no one will carry a wallet within the next five years. Instead, people will use their smartphones for daily purchases. This trend is already underway in China, where mobile payments totaled nearly $13 trillion for the first 10 months of 2017. And one San Francisco company is leading the way domestically...

Square (SQ) is one of the biggest names in mobile payments. You've probably seen its most popular product – a plug that turns any smartphone into a credit-card reader.

The reader allows smaller merchants to accept credit cards when they otherwise couldn't. By producing a quick and easy-to-use technology, Square has set itself up well for this rising trend...

As you can see in the chart below, Square is up more than 350% since it went public in November 2015. As mobile payments become the norm, watch for shares of Square to continue higher...

Source: Daily Wealth
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Re: Square (SQ)

Postby winston » Fri Jun 26, 2020 9:13 pm

GOING CASHLESS HAS NEVER LOOKED SO APPEALING

Today's company is benefiting from a powerful trend strengthened by the COVID-19 crisis...

Before most of us had even heard of coronavirus, folks were going cashless, opting for more convenient electronic payments. With simple apps, they could avoid the hassles of physical money.

And now, cashless payments allow for more sanitary and safe ways to tip and pay business owners during the pandemic. Today's company is riding that trend...

Square (SQ) is a $46 billion electronic-payments company. It is the company that provides the little white card reader you may have seen at small businesses. Today, it has expanded its services to things like its Cash App, which lets folks electronically send money directly to other people.

And now, it has On-Demand Delivery where Square Online Store sellers can easily have products delivered to customers.

SQ shares are in a long-term uptrend, up an incredible 700% since the company went public in 2015. The stock recently hit new all-time highs. With the coronavirus accelerating the powerful electronic-payments trend, this growth should continue...

Source: Daily Wealth
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Re: Square (SQ)

Postby winston » Thu Oct 08, 2020 8:46 pm

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ANOTHER WINNER FROM THE CASHLESS-PAYMENTS TREND

Today we look at another company that's profited from the rise of cashless payments...

Buyers and sellers have been abandoning cash and switching to mobile payments for years. Not only are cashless payments convenient and secure, but they now also provide a safe and sanitary way for people to shop as the pandemic continues. Today's stock has risen – big time – as a result of this trend...

Square (SQ) is the electronic-payments company behind the little white card readers you've likely seen at stores and restaurants.

Over the past few years, Square has expanded to offer a variety of software and hardware solutions.

And its popular Cash App lets folks electronically send money to their friends and family instantly.

In the second quarter, the amount of money stored in Cash App reached $1.7 billion... nearly four times more than in the same period last year.

As you can see in today's chart, SQ shares have rocketed an astounding 360% since bottoming in March, recently hitting a new high. And with more people and businesses going cashless, this growth should continue...

Source: Daily Wealth
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Block SQ

Postby winston » Thu Mar 23, 2023 9:38 pm

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Mar 17, 2023

Block upgraded to Buy, positioned to achieve the 'holy grail' of fintech

Mizuho Securities upgraded Block (NYSE:SQ) to Buy from Neutral yesterday and raised its price target to $93.00 from $80.00.

In September, the firm downgraded the stock due to several factors, including stagnant Cash App inflows per user, increased reliance on high-risk payday lending, and rising competitive pressures in merchant acquiring.

Although their concerns over the sustainability of Cash App revenue persist, the firm appreciates the Block's recent commitment to cost containment.

According to Mizuho, there is potential for up to 30% upside to the company's 2023 EBITDA guide with 400-500bps further margin growth potential thereafter amid fixed cost leverage and variable cost controls.

"Plus, SQ remains uniquely positioned to achieve the 'holy grail' of creating a one-stop-shop network by connecting the point-of-sale, Cash App & BNPL ecosystems," added the firm.

Source: investing.com
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Re: Block SQ

Postby winston » Thu Mar 23, 2023 9:44 pm

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Mar 22, 2023

Block
Year-To-Date Performance: +23.3%
Market Cap: $46.7 Billion

Square parent Block — the digital payment provider run by former Twitter CEO Jack Dorsey — is widely considered the leader in the fast-growing mobile payment processing industry.

With strong growth across its booming Cash App ecosystem and what appears to be a long runway ahead, Block is not only a strong buy recommendation according to quant ratings, but also one of my top tech stocks with upside potential for the coming months.

The quantitative models in InvestingPro+ point to a gain of 24.5% in SQ stock over the next 12 months, bringing shares closer to their fair value of $95.65. Additionally, more than three quarters of analysts surveyed by Investing.com rate SQ at the equivalent of a ‘buy’ rating, with an average price target of around $99, implying upside of 27.3% from recent trading levels.

In a sign of how well its business has performed amid the challenging macro environment, Block reported $1.66 billion in gross profit for its fourth quarter, up 40% from the year-ago period. That beat Street estimates of $1.53 billion.

Its Cash App mobile payments business generated $848 million in gross profit, a 64% year-over-year increase, while its Square point-of-sale unit saw gross profit grow 22% on an annual basis to $801 million.

The fintech powerhouse said it ended 2022 with 51 million monthly transacting actives for Cash App in December, up 16% from a year earlier.

Source: investing.com

https://www.investing.com/analysis/2-gr ... -200636494
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Re: Block SQ

Postby winston » Thu Mar 23, 2023 9:51 pm

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Jan 10, 2023

Block Stock Is a Gem Hiding in Plain Sight

by Jea Yu

Back out the Bitcoin business, and Block grew Q3 2022 top line by 36% YoY.

Despite projections of a weak holiday 2022 shopping season, its Afterpay BNPL service was a boon to cash-strapped consumers and should reflect nicely in its Q4 2022 earnings report.

Investors are getting three ecosystems in one stock: payments processing, brokerage, and consumer finance and banking services.

Square Financial Services has an FDIC banking charter making it a bank collecting interest-rate income from customer deposits, whereas PayPal does not.

$5 billion cash balance as the $3 billion in customer funds balance equating to nearly $160 million on interest income added in 2023 with a 2% interest rate hike in 2023.


Source: MarketBeat.com

https://www.investing.com/analysis/bloc ... -200634182
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