|Bid||61.5100 x 1100|
|Ask||61.5200 x 1100|
|Day's Range||60.8700 - 64.1500|
|52 Week Range||22.6600 - 69.4000|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 31, 2018 - Aug 6, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||55.16|
Millennials are getting major FOMO from the cash sharing app Venmo. Yahoo Finance's Seana Smith, Andy Serwer, Julia LaRoche and Dan Howley discuss the New York Post's report on the cause of their anxiety.
PayPal Holdings Inc. said Monday that it would be rolling out a debit card for Venmo users, as the company explores a new way to make money off of the peer-to-peer service. Venmo said in a release that if you have a low balance, the card will reload using your preferred funding source to allow you to make your purchase. Venmo users will see their Venmo card purchases in the app, which will give them the ability to split those charges among friends.
Let’s talk about the popular Square Inc (NYSE:SQ). The company’s shares saw a significant share price rise of over 20% in the past couple of months on the NYSE. AsRead More...
Opendoor's gushing over Atlanta's tech community has one Atlanta booster saying that many Bay Area funds tell him they will not invest in California, New York or Massachusetts. The reasons: Deals in those markets are too pricey, tech talent is too expensive and it's hard to get in on the best deals.
As a result, the concept of bitcoin stocks, or companies that indirectly benefit from the rising bitcoin price, became popular. Browse the internet on this topic, and you’ll inevitably find financial analysts urging their readers to invest in bitcoin’s underlying blockchain technology, not in bitcoin itself. Imagine if an analyst told you to avoid Ford (NYSE:F) — or any other automaker — but to instead “invest in cars.” Those who advocate buying blockchain and not bitcoin are speaking words, but not really saying anything at all.
The risk with short sales of stock is that losses are theoretically unlimited. Among the stocks that have burned the short sellers in a big way so far this year—to the tune of $2 billion in paper losses—are social media platform Twitter Inc. ( TWTR) and payments processor Square Inc. ( SQ), per calculations by financial analytics firm S3 Partners as reported by MarketWatch.
Square’s (SQ) business of supplying loans to customers has continued to grow this year, both in terms of loan volume facilitated and number of customers served. Square said that on top of interest earned on loans, the lending business is driving customer engagement across its entire platform, thus stimulating the uptake of its other products and services. Square, PayPal (PYPL) and Amazon (AMZN) are also finding that lending to customers is enabling them to improve customer loyalty, which is important in countering rising competition.
Shares of Mastercard Inc. (ma) are up 0.4% in premarket trading Friday after two analysts raised their price targets on the stock. Baird's David Koning raised his target to $220 from $210 following a meeting with the company's chief financial officer. "We believe Mastercard is well positioned in the war on cash, with innovative weapons ready for battle," Koning wrote.
Two Jack Dorsey companies, alike in their huge stock rallies, differ when it comes to recent short-selling sentiment. Square shares have gained 95% so far this year, while Twitter’s stock is up 92%. “The main difference I see is that Twitter short sellers are selling into the stock’s rally and increasing their short exposure substantially in June, while Square short sellers are buying to cover some of their short positions in order to stay around the $2 billion level,” said Ihor Dusaniwsky, the managing director of predictive analytics at S3 Partners.
The latest instance was when I said something about the telephone poles by the side of the road. Digital research firm eMarketer estimates that mobile payment apps that don’t use a traditional financial institution — dubbed peer-to-peer payments systems — will process $120 billion in transactions this year, up 55% from the prior year. Last year, the New York Times ran a piece about the rise of mobile payments in Asia with the headline “In Urban China, Cash is Rapidly Becoming Obsolete” as estimates for these kinds of payments has hit a $5.5 trillion annual pace — 50 times that of the U.S.
Square’s (SQ) financial technology (or fintech) industry is becoming increasingly competitive. Kabbage, a US online lender for small businesses, is gearing up to venture into the payments processing business where it will take on Square and PayPal (PYPL) in their core businesses. As Kabbage eyes expansion into Square’s payments turf, British fintech startup Revolut is gearing up to challenge it in the broad area of banking services.