|Bid||72.77 x 1400|
|Ask||72.80 x 1200|
|Day's Range||71.60 - 73.43|
|52 Week Range||24.22 - 75.45|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 6, 2018 - Nov 12, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||68.63|
It’s been a stellar summer for payment processing company Square Inc. (NYSE:SQ). The company has released good news after good news, which has sent SQ stock 10% higher over the course of just 1 month.Safe Investments to Regularly Earn 12%-Plus
Many of Silicon Valley's biggest tech companies pay a typical worker well into the six figures — or in the case of Facebook, a whopping $240,430. That's $43,000 more than what a typical Googler makes, according to our latest analysis.
Investing.com - Cryptocurrency prices slipped on Thursday, while Ethereum co-founder Joseph Lubin’s comments raised some eyebrows as he said the surge in crypto prices last year was bubble.
In this market, particularly in tech, arguing that a growth stock is “too expensive” is a good way to look foolish. Square stock now has more than doubled in 2018 and nearly has tripled over the past year.
Square Inc.’s hardware chief Jesse Dorogusker is ‘kind of obsessed’ with a metric that doesn’t appear anywhere on the company’s financial statements.
The Square Cash App—a popular mobile payment service developed by Square Inc. ( SQ) that allows users to conveniently buy bitcoins and transfer money using a mobile phone app—has announced expanding its bitcoin support to all the 50 U.S. states. Earlier this year, the Cash App launched a service that allows users to conveniently purchase bitcoins.
PayPal (PYPL) said it appreciates Third Point’s investment in its stock. A few days before PayPal reported its second-quarter results, Third Point revealed through an investor letter that it opened a new position in PayPal in the second quarter. PayPal went on an acquisition spree in the second quarter, inking deals worth more than $2.7 billion to buy four companies.
Japanese multinational SoftBank is planning to challenge PayPal (PYPL) in the digital payments market, according to a Bloomberg report. SoftBank’s digital payment service is slated to launch in Japan first and roll out globally later. SoftBank has teamed up with India-based e-commerce and mobile payments provider Paytm to launch the PayPal challenger, the report said.
U.S. stocks today ended solidly higher as the financial crisis in Turkey moved the back burner, at least for a day. IShares MSCI Turkey jumped 11% after two days of sharp losses.
The stock market showed mixed action early Tuesday. Top stock Nvidia advanced on its new graphics chip.
Square Cash had 33.5 million total downloads as of July, whereas Venmo had 32.9 million, according to Instinet.
Ryan McQueeney recaps the market's top morning headlines, including Square's latest bullish analyst note, today's cryptocurrency crash, Home Depot's earnings, and more. Later, he is joined by Brian Bolan, Zacks' growth guru and noted Tesla bull, to debate the electric car company's go-private plan.
Square’s stock (SQ) reached an all-time high of $75.15 today on reports that downloads of its mobile-payment service Cash App passed PayPal Holdings' (PYPL) Venmo for the first time in July. Nomura Instinet and Sensor Tower are reporting that Cash App's total downloads, at 33.5 million, edged past Venmo’s (32.9 million) because Square's service grew three times faster in July. Cash App is expected to contribute $30 million to $40 million—roughly 2% to 3% of Square's adjusted net revenue—in 2018, says Nomura analyst Dan Dolev.
Nomura Instinet expects Square Inc.’s ( SQ) Cash App to top $100 million in sales by 2020 as it dominates rivals like PayPal’s ( PYPL) Venmo. Cumulative downloads of Square’s Cash App have surpassed those of Venmo for the first time ever, according to data from Nomura and Sensor Tower. Now, Cash App has 33.5 million downloads to Venmo's 32.9 million.
Investing.com - Cryptocurrencies slumped in a massive sell-off on Tuesday, with Bitcoin falling to its lowest level since November.Bitcoin plunged 6.59% to $6,071.00 on the Bitfinex exchange, as of 8:50 AM ET (12:50 GMT), but still remained near a three-and-a-half-week low.The price of digital coins had risen in the end of July over rumors that the U.S. Securities and Exchange Commission could approve the first crypto exchange traded fund. But prices plunged after the agency postponed its decision to September.Cryptocurrencies overall lost almost $24 billion in the last 24 hours. ...
PayPal (PYPL) has partnered with India-based multinational lender HDFC Bank in a move that could help accelerate its expansion in the Indian market. PayPal’s launch of domestic services in India came a few months after Alphabet’s (GOOGL) Google launched an India-specific mobile payment service called Tez, a PayPal rival.
Square's stock is poised for further upside now that cumulative downloads of its Square Cash app have surpassed those of Paypal's Venmo for the first time, according to Nomura Instinet.
Shares of Square Inc. (sq) are up 1.8% in premarket trading Tuesday after Instinet analyst Dan Dolev raised his price target to $86 from $82. Dolev is upbeat about Square's peer-to-peer Cash app, which he said now has more cumulative downloads than PayPal Holdings Inc.'s (pypl) Venmo. Through his analysis of downloads, he estimates the Square Cash is growing three times faster than Venmo.
PayPal’s (PYPL) capital allocation strategy has three main pillars, according to the company’s chief financial officer, John Rainey. In terms of acquisitions, PayPal has been a more active dealmaker in recent months. The company announced four acquisition deals in the second quarter, which is twice as many deals as it inked in all of 2017.
After starting off higher on the day, U.S. indices had trouble maintaining altitude throughout the trading session. Worries over Turkey combined with a strong rally over the past six weeks is likely acting as a catalyst for profit taking. Let’s see if there are any opportunities for our top stock trades.Top Stock Trades for Tomorrow #1: Advanced Micro (AMD)
One of the best momentum stocks to buy of 2018 recently got a rude awakening from an analyst. On July 20, Credit Suisse analyst Judah Former downgraded discount retailer Five Below (FIVE) to "neutral" from "outperform" after its stock gained more than 125% over the past year. "[Five Below] remains one of the most differentiated concepts in retail ... and operates the quickest new store return model we have seen," Frommer wrote in a note to clients. "That said, we see risk/reward as balanced at these levels given the stock's material outperformance." There are two schools of thought when it comes to momentum stocks to buy and sell. The first philosophy is never begrudging a profit. The second is always let your winners run and cut your losses quickly. Which one is correct? They both depend on your investment psychology. If you're averse to risk, the first school of thought will serve you better. If you've got a no risk, no reward personality, however, you'll find comfort exercising the second philosophy. The one thing you shouldn't do is use both. Commit to one and stick with it through the good times and bad. If you've done your homework, the odds are good you'll do well over the long run. For the purposes of this article, I'm recommending seven momentum stocks to buy with market caps greater than $2 billion that are up more than 100% over the past year ... and Five Below could be on the list. If you follow the first philosophy, you're welcome to read along, but I don't recommend you take a bite out of any of these given your temperament. You'll thank me later. SEE ALSO FROM KIPLINGER: 10 Ways to Play the Next Bull Market With Emerging-Markets Stocks