62.18 +0.35 (0.57%)
After hours: 7:51PM EDT
|Bid||62.08 x 900|
|Ask||62.19 x 800|
|Day's Range||61.40 - 62.29|
|52 Week Range||49.82 - 83.20|
|Beta (3Y Monthly)||3.09|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Susquehanna’s James Friedman raised his rating for Square stock to Positive from Neutral. The payment processor has dropped more than 20% since its last earnings report.
Not too long ago, Square (NYSE:SQ) was the up-and-comer of financial tech stocks and could do no wrong for a while. But that is no longer true. In fact, this year SQ stock is only up 10% while Visa (NYSE:V) and MasterCard (NASDAQ:MA) are up more than three times as much.Source: Shutterstock This year SQ stock hit heavy resistance at $83 per share and has failed at every potential breakout there. Although SQ is also lagging the S&P 500 by 40%, the opportunity from here is that there is more upside potential than downside risk.Finding bottoms in stocks is tricky. But identifying support zones that could act as a baseline for rallies is a lot easier. Square stock has fallen into such zones. Being around $50 per share has been pivotal to SQ for the last five years. So the bulls in it are on solid footing, which usually makes the case for more upside. There are no weak hands left to hold the stock after a long time of selling pressure.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Super Boring Stocks to Buy With Super Safe Returns Fundamentally, and even after this big correction, SQ stock is still not cheap. It still loses money and it sells at eight times sales. From that perspective it could have a lot more froth to shed. The bullish thesis for SQ has to include the assumption of strong growth. Otherwise it won't deserve its valuation premium and it would have to reprice lower. SQ Stock Has a Good Base for a BounceTechnically the short-term SQ charts show clear lines to trade. Short term, SQ has an opportunity just above $63 per share. This could invite momentum buyers to target $68. But from there, SQ might get a few more optimistic buyers to try and fill the giant gap from the last earnings report. It won't be easy, but if the overall markets rally for any reason then SQ will likely have a realistic chance to do it. But as with any good trade, there needs to be proper stops. In this case, SQ needs to sustain the high-low trend to retain the upside momentum.As with many investments, the whole globe is migrating all financial transaction to digital. The fin-tech sector stocks will have strong demand on their products and services for years to come. SQ, V, and MA will be amidst the winners. Their management teams have so far executed well on plans so I expect them to continue.The bitcoin craze is evidence that the world is ready for electronic financial transactions. Almost everyone I know uses one form of fintech or another. There is definitely room for all major entrants to prosper in it. SQ stock will be higher in the future if the stock markets in general don't crash.This brings up the important points of geopolitical risks that currently plague the headlines. The world seems like it's a mess. But the company P&L's don't indicate an imminent collapse. Politicians will eventually figure things out, but in the meantime they will put investors through a whirlwind of headlines. That's their job so they can justify their existence to their constituents. Politicians can rarely derail the whole globe on purpose especially when all central banks are dedicated to inflating economies.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room for free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Super Boring Stocks to Buy With Super Safe Returns * 10 Winning Stocks to Buy and Stick With for the Long Haul * Don't Give Up on These 4 Cannabis Stocks The post Square Stock Has a Good Base for a Bounce appeared first on InvestorPlace.
Lately, many hedge fund managers, institutional investors, and analysts are going gaga over Square stock due to its strong fundamentals and Cash App focus.
Shares of Square Inc. rose 0.8% in premarket trading Friday, after Susquehanna analyst James Friedman turned bullish on the credit-card payment processing company, citing valuation and potential for future gross payment volume (GPV) growth. Friedman raised his rating to positive after being at neutral for the past 11 months. He reiterated his $77 stock price target, which is 24% above Thursday's closing price of $62.03. The stock had tumbled 22% over the past three months, compared with a 2.1% decline in the S&P 500 , amid concerns over valuation and decelerating margin expansion and GPV growth. "But we think the reinvestment that has muted the margin cadence may generate future GPV improvement and if so, we would expect the stock to follow," Friedman wrote in a note to clients. Square is slated to report third-quarter results on Nov. 6.
After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms' equity portfolios as of June 28. The results of that effort will be put on display in this article, as […]
Think stock chart analysis in growth stocks is bewildering? Take comfort knowing only a few patterns are worth identifying. Learn the cup without handle.
Why does Stripe, the most valuable US fintech start-up, want to move into small business lending? Market signals suggest a growing chance of recession. Offering loans to risky borrowers should raise objections from investors, even as senators warn Stripe against involvement in Facebook’s cryptocurrency project, Libra.
(SQ) stock can rally as its investments will drive better payment growth next year, according to KeyBanc Capital Markets. Square shares (ticker: SQ) have fallen about 23% since Aug. 1. At the time, the company reported gross payment volume slightly below expectations and gave disappointing sales guidance for its third quarter.
Square Inc (NYSE: SQ ) is potentially undertaking seller investment initiatives, which could result in an improvement in gross present value (GPV) in the second half of 2020 and lead to stable GPV growth ...
Square Inc. announced Thursday that it was officially opening up payment-processing capabilities to CBD sellers, after initially offering this service as part of a beta program.
Mobile payment provider Square said it will allow businesses in most U.S. states to sell products containing hemp-derived CBD on its platform.
Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, swears by transcendental meditation.
One caller during Thursday night's ' Lightning Round' on Mad Money asked about Square, Inc. : "They lost a very good CFO, and even though it's a good company, it has not traded well since she left," noted Jim Cramer. In this daily bar chart of SQ, below, we can see that prices have been weak the past two months and the May lows were broken several times in September. The On-Balance-Volume (OBV) has only improved slightly the past two weeks so we cannot say with enthusiasm that buyers have come back in a real aggressive way.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he wants to buy Yeti Holdings Inc (NYSE: YETI ). He is not worried about its balance sheet. Cramer wants to stay away from the commodity ...
Shopify (NYSE:SHOP) stock is down 20% in the past month. SHOP stock slid from $389.70 at the open on Sept. 3 to $310.36 at the close on Oct. 2.Prior to that, SHOP stock had been rallying tremendously. SHOP stock nearly tripled in value from January to August. As a result, the shares reached a frothy valuation.As I wrote in my July column, "Short term, SHOP stock is a sell. A massive pullback could signal a buying opportunity to place a bet on SHOP's future prospects. But until then, investors should be cautious before chasing this growth story."InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? I was a little early. The shares went up another 27% before starting their retreat back down to the $300 price level.While I believe SHOP remains overvalued, I can see the stock treading water or rallying higher.But here's why I'm on the sidelines with Shopify stock: Source: justplay1412 / Shutterstock.com Will SHOP's Fulfillment Push Move the Needle?SHOP is rapidly moving into fulfillment.The company believes that will help it compete more effectively with Amazon (NASDAQ:AMZN). But fulfillment is not a slam-dunk. The fulfillment industry is a low-margin business. Since it also has high startup costs, SHOP could lose big if this bet doesn't pay off. Considering the company has yet to generate a profit from its core business, it could be getting in over its head.In tandem with this fulfillment push, Shopify is acquiring 6 River Systems. 6 Rivers provides automation solutions for warehouse/fulfillment operations. The analyst community is positive on this deal. Canaccord's David Hynes believes the acquisition can jump-start SHOP's fulfillment strategy. He remains bullish on Shopify stock, setting a $385 price target on the name.Jeffries' Samad Samana believes another strength of the deal is that it brings two former Amazon execs into the fold. But Samana remains cautious, rating the stock a "hold." Piper Jaffray's Michael Olson is also positive on the acquisition, but remains "neutral" on Shopify stock, due to its valuation.Shopify's move into fulfillment has its pros and cons. But weighing catalysts against risks, I think SHOP stock remains highly overvalued. Let's take a closer look at the current valuation of Shopify stock. Even After Its Dip, Shopify Stock Remains OvervaluedEven compared to other growth stocks, SHOP is overvalued. Shopify's trailing enterprise value/sales (EV/Sales) ratio is 26.2. Here are the 12-month trailing EV/Sales ratios for some of Shopify's peers:Amazon: EV/Sales of 3.5Etsy (NASDAQ:ETSY): EV/Sales ratio of 8.9PayPal Holdings (NASDAQ:PYPL): EV/Sales ratio of 6.9Square (NYSE:SQ): EV/Sales ratio of 6.5Wix (NASDAQ:WIX): EV/Sales ratio of 8.1Perhaps comparing Shopify stock to AMZN, PYPL, and SQ is not an apples-to-apples contrast. But even among e-commerce platforms, Shopify's valuation is high. InvestorPlace columnist Mark Hake touched on this in a recent article. He pointed out that Shopify stock trades at a substantial premium to ETSY and WIX, even when comparing their forward sales.For the fiscal year that will end in December 2020, analysts, on average, estimate that Shopify's sales will be $2.06 billion. Based on its current enterprise value of $33.9 billion, SHOP trades at a forward EV/Sales ratio of 16.4. ETSY and WIX have forward EV/Sales ratios of 6.3 and 5.8, respectively.But SHOP continues to fly high in terms of growth. As its last quarterly results showed, its revenue continues to grow at a significant clip. The growth of e-commerce is definitely not over. But does it seem smart to buy SHOP stock now, when the company is entering the costly fulfillment business?The same thing could have been said about Amazon back in the mid-2000s. Back then, there was no guarantee that AMZN could parlay its success as a bookseller into a global retail juggernaut. Only time will tell if SHOP will achieve the same success. The Bottom Line on Shopify Stock: Its Future Is UncertainShopify's core software-as-a-service business is solid. Its competitive moat will enable it to sustain high growth, as its customers accelerate their pivot from bricks-and-mortar to e-commerce. But SHOP stock is not a buy at any price. At its current valuation, Sjopify stock seems frothy. Add in the new fulfillment build-out, and its future profitability continues to be uncertain.All bets are off with SHOP. The company's next quarterly results are due to be released in November. If the company can continue to generate 30%+ revenue growth, investors could dive into SHOP stock again.But buying SHOP today could be a costly bet. The best strategy for investors is to remain on the sidelines. Once the anticipated recession occurs, Shopify could be a screaming buy. Even if its growth is challenged in a tough economy, the company's long-term prospects may make it a compelling opportunity.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Down 20% in a Month, Shopify Stock Isn't Worth Buying Yet appeared first on InvestorPlace.
It's been about four years since Square (NYSE:SQ) came public. At the time of the deal, there was mostly a chilly reception from investors. Square stock priced at $9, which was below the range of $11 and $13. The valuation was actually lower than the company's prior round of venture funding.Source: Shutterstock Interestingly, recently SQ stock is undergoing a similar period of skepticism (which, by the way, has come after a powerful bull move for the past couple years). During the past few months, the shares have gone from $82 to $59. The result is that the year-to-date return on Square stock is only about 7%. In fact, for the past 12 months, the shares have sustained a 39% loss.It's true that many tech stocks, especially the high-fliers, have come under pressure as well. Just look at the major drops in companies like Zoom Video Communications (NASDAQ:ZM) and Okta (NASDAQ:OKTA).InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut hey, when it comes to tech stocks, there are periodic swoons. Yet they have been temporary - and yes, good buying opportunities. * 7 Important IPO Stocks to Watch for the Long Run So might this mean that SQ stock is a good opportunity right now? Well, there's little doubt that the company has a solid platform and is a leader in the fast-growing payments market.All this has come from a fairly simple application, launched in 2009, that involved a credit card reader that connected to an Apple (NASDAQ:AAPL) smartphone or Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) Android device.From there, CEO Jack Dorsey was aggressive in expanding the platform into a myriad of categories like payroll, gift cards, loyalty programs, marketing services, eCommerce, business loans and so on. The result is that Square has become a very sticky service.Although, the move into loans may be having the most impact. "The company is getting a piece of the origination fee, which is pure profit," said Chris Ligan, who is the VP of Acquisitions for point-of-sale credit card processor Auric. In all, SQ has loaned customers about $5 billion. The Market and Square StockThe market opportunity for payments is enormous - estimated at over $100 trillion on a global basis. But this means there is much competition coming into the segment. Of course, there are startups popping up as the venture capital markets are awash with huge amounts of money.But even traditional financial institutions are leveraging their own platforms and customer bases to get a piece of the opportunity. Consider that Bank of America (NYSE:BAC), BB&T (NYSE:BBT), Capital One (NYSE:COF), JPMorgan (NYSE:JPM), PNC Bank (NYSE:PNC), US Bank (NYSE:USB) and Wells Fargo (NYSE:WFC) are the backers of a payments app, called Zelle, which has been getting lots of traction."What ends up happening is as concepts get commoditized, it is tough to remain relevant," said Zafin executive vice president of global partner growth and sales strategy, Meenaz Sunderji. Bottom Line on Square StockEven with the drop-off in the share price, the valuation on SQ stock is still far from cheap. Consider that the forward price-to-earnings multiple is about 54X. In other words, Wall Street is still expecting quite a bit of growth on the top line.But this could be tough to maintain. Besides the emerging competition and the risks of commoditization, SQ also is vulnerable to a slowdown in the U.S. economy (and yes, the recent data does look ominous). Let's face it, the company's customer base is primarily made up of small businesses, and they usually get hit the hardest when the economy goes into recession.So in light of all this, it's probably best to avoid Square stock for now.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Important IPO Stocks to Watch for the Long Run * 7 High Volatility Stocks to Buy as the Market Rebounds * 7 Dow Jones Industrial Average Stocks to Sell The post Things Bleak for Square Stock in a Slowing Economy appeared first on InvestorPlace.
In recent weeks, payment-processing specialist Square (NYSE:SQ) has incurred notable volatility. Most likely, the weakness in Square stock is due to broader concerns impacting the major indices. When you have a trade war, geopolitical flashpoints, and a domestic political circus, the markets are unsurprisingly not amused.Source: Jonathan Weiss / Shutterstock.com Of course, these issues don't have anything to do directly with Square stock. However, a recent news item popped up that may worry some stakeholders.Late last month, Square announced a change to its transaction cost policy. Beginning the first of November, the company will charge 2.6% plus 10 cents "for tapped, dipped, and swiped transactions."InvestorPlace - Stock Market News, Stock Advice & Trading TipsPreviously, the transaction cost was a flat 2.75%. As The Motley Fool contributor Adam Levy noted, the original fee structure "meant Square was taking a bath on the fees it paid on smaller transactions because there's a fixed cost involved with processing payments."And this dynamic represented a challenge for SQ stock over the long haul. Currently, around 46% of Square's payment volume involves smaller merchants. Therefore, management's pricing decision will help cover this gap while funding future opportunities. * 7 Important IPO Stocks to Watch for the Long Run Unfortunately, not all SQ member businesses are happy about the change. With a lower cut but the inclusion of a nominal flat charge, this structure benefits Square's larger clients. On the flip side, it hurts the small-volume folks.Moreover, affected small business owners are actively voicing their complaints, asking their customers to pay in cash. That sidesteps the net increased cost. Other companies are seeking alternatives to Square's platform.On paper, this sounds like a bad gig for Square stock. However, I wouldn't let this noise detract you from a viable long-term opportunity. Headwinds and SQ StockI understand why businesses are complaining about the change. For those dealing with low-cost, high-volume transactions such as coffee shops, that new flat dime fee can add up quickly.At the same time, I don't understand why businesses are complaining to the degree that they are. For example, disgruntled business owners have rallied around the Twitter (NYSE:TWTR) hashtag Squarepocalypse.Moreover, on Sprudge.com, contributor Zac Cadwalader declared that SQ "just increased their transaction rates and cafes are screwed." Further, Cadwalader wrote the hypothetical situation:As an example, on a $5 transaction for your favorite cappuccino, Square would take $.14 in their old pricing model. Under the new model, they will take $.23, which is just under a 67% increase. In fact, in order for a business to not see a rate increase, their credit card sales would have to average $66.67 per swipe. I don't care how much avocado toast you sell--those aren't coffee shop numbers.I'm having trouble with the math, and therefore, I don't see the overwhelming risk against Square stock. While the net transaction cost increase of each $5 coffee is indeed around 67%, I don't see how that translates into businesses needing to increase their price tag by a whopping 1,233%.For Square subscribers to "overcome" this new policy change, they merely need to raise the cost of their products by 10 cents. After all, Square's percentage cut will drop to 2.6%.Naturally, I recognize that you never want to pass on additional costs to your customers if you can avoid it. At the same time, I think these small businesses are making a mountain out of a molehill. A 10-cent upcharge won't impact most customers, and it certainly won't kill SQ stock. Square Stock: Focus on the Bigger PictureLastly, my suggestion for both investors of SQ stock and Square business subs is the same: focus on the bigger picture.From a PR perspective, the optics regarding the above issue don't look great for Square stock. However, disrupting the payments-processing industry isn't cheap. Initially, SQ offered very attractive rates for small business owners. But in order to sustain this disruption, something has to give.I also find this campaign against Square a tad hypocritical. The tech firm helped small businesses level the playing field with their larger counterparts. Moreover, Square offers comprehensive management and accounting programs to improve operating efficiencies.But when this innovative firm makes an adjustment to sustain this digitalization and disruption movement, suddenly, there's an issue? On principle, I don't agree with these complaints. Plus, if it's such a big deal, business owners are free to seek better alternatives.Oh, what's that? Square is the better alternative? This is the reason why management can make the change. It's also why the associated "uproar" won't truly impact SQ stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Stocks to Buy Offering Both Dividends and Growth * 5 Stocks Under $10 Worth the Risk * 4 Healthcare Stocks to Buy Now The post Why Squarepocalypse Is No Real Concern to Square Stock appeared first on InvestorPlace.
[Editor's note: "10 Best High-Growth Stocks to Buy for Young Investors" was previously published in August 2019. It has since been updated to include the most relevant information available.]No investment strategy suits all the people all the time. This is particularly true for young investors in their 20's and 30's. Youth not only has social advantages; it can provide a significant margin for your portfolio to grow. As such, high-growth stocks are ideal for the young-adult, millennial demographic.Talk to any financial advisor, and more often than not, they apply the Pareto principle for 20- or 30-somethings. Colloquially known as the 80-20 rule, advisors recommend that young investors have 80% of their portfolio in stocks, and the remainder in safer, interest-yielding assets. When it comes to millennial stock allocation, spring chickens should really consider high-growth stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsTime is money, and in many cases, time is more valuable. That's because time can "buy" you money, but never the opposite way around. In this case, a younger investor's additional working years can help mitigate investments that have gone awry. Moreover, the extra time allows riskier investments to fully expand to their potential. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? But don't just look into risk-reward ratios for their own sake. Instead, as a young investor in his or her 20s or 30s, you should broaden your horizon. While I'm not against trading current trends, this isa perfect chance to take advantage of longer-term growth forecasts.With that in mind, here are the top 10 high-growth stocks to buy for young investors. Amazon (AMZN)Source: Sundry Photography / Shutterstock.com Whenever discussions about high-growth stocks arise, Amazon (NASDAQ:AMZN) invariably makes most analysts' lists.What's not to like here? Not only does AMZN leverage an enviable track record in the markets, management continues to forge ahead into new frontiers. Amazon is a disruptor among disruptors.But sometimes, high-growth stocks are so obvious that they're not obvious. We all know the adage that what goes up must come down. This applies to any investment, and AMZN is no exception.As I previously discussed, AMZN is on the verge of unprecedented greatness. Those of you who are in your 20's and 30's have some recollection of a time when ecommerce didn't overwhelmingly dominate the retail sector. But we're so close to a generation coming of age that has no clue about the prior brick-and-mortar hegemony.When Generation Z enters the workforce en masse, they will buy through Amazon and other e-commerce channels, no question. That's why you must consider AMZN stock. Carvana (CVNA)Source: Carvana Carvana (NYSE:CVNA) takes a brilliant concept and brings it into fruition. Generally speaking, millennials don't share the same love for the automobile as did prior generations.Part of the decline in interest is the haggling over the price that used to be a given when buying a new car.Enter Carvana. CVNA combines the tech wizardry that young people love with a centuries-old retail industry. Rather than negotiate with pushy or unsavory salespeople, buyers can instead browse cars online. When they find one they like, CVNA delivers their vehicle to their driveway. Plus, Carvana offers a money-back guarantee to soothe concerns about buying a car sight (almost) unseen. * 7 Important IPO Stocks to Watch for the Long Run Considering that young people do nearly everything online, Carvana is likely the future of car buying. That's one reason to buy CVNA stock. The other? Margins. Once the company firmly establishes itself, it has the potential to earn serious bucks. That's because CVNA charges a premium for its convenient services.So far, though, customers are willing to pay it, and that trend will continue with Gen Z coming aboard. TriNet Group (TNET)Source: Shutterstock For those of you who have worked in Fortune 500 companies, you realize the intensity of large-scale organizations. In order to handle the needs of tens of thousands of workers, the biggest companies employ the best human-resources team. But what the needs of small and mid-sized businesses? That's where TriNet Group (NYSE:TNET) comes in.TNET provides full-service HR for companies that are still in their growth phase. Essentially an outsourced HR firm, TNET offers comprehensive services for smaller organizations, but without the massive overhead.Therefore, management can concentrate its resources on its expansion strategies.TNET stock also makes sense from an industry trend point of view. Experts predict that by the year 2020, an astounding half of the U.S. workforce could be comprised of freelancers. Additionally, small businesses that employ fewer than 100 workers are not only becoming more prominent, they're collectively hiring millions annually.This new digital economy will require HR services. As a result, you'll want to keep a close eye on TNET stock. Canopy Growth Corp (CGC)Source: Shutterstock The legal-marijuana industry generates significant controversy. However, one thing cannot be denied: high-growth stocks levered towards cannabis have been hot and a little more volatile than one might prefer. One such name is Canopy Growth Corp (NYSE:CGC).Volatility aside, I'm digging CGC primarily because it's the most well-capitalized marijuana investment. Canopy sported a $14 billion-plus market cap, substantially higher than Aurora Cannabis' (NYSE:ACB) $7.7 billion.As InvestorPlace's own Bret Kenwell pointed out, that market cap rivals several well-known companies, including Macy's (NYSE:M) and Chipotle (NYSE:CMG).Ultimately, Kenwell advised to wait for a correction on CGC before jumping onboard, and that may now have happened. Either way, young investors must keep CGC on their shortlist.By the time millennials are looking at retirement, marijuana will have lost its Schedule I classification -- likely long before this point. History shows that the Prohibition era failed to curb Americans' desire for alcohol. History will eventually prove the same for cannabis. * 8 Stocks to Buy Offering Both Dividends and Growth Indeed, as the Pew Research Center demonstrates, attitudes towards legalization have shifted positively. It's only a matter of time before the government listens to the will of the people. When that day comes, CGC will explode even higher. Square (SQ)Source: Shutterstock Square's (NYSE:SQ) appeal is immediately recognizable to anyone who observes business trends.As we discussed for TriNet Group, small businesses have grown rapidly since the Great Recession. Given the nature of technology in our lives, companies today value agility and specialization more than outright size.What makes SQ stock a compelling investment is that it evens the playing field for small businesses. Square provides portable credit-card readers that attach conveniently to your smartphone. That enables entities ranging from sole proprietors to small corporations to quickly setup a payment platform.Another factor driving SQ stock for the longer term? An increasing number of Americans are going cashless. According to a CNBC report late-last year, 50% of surveyed individuals reported they only carry cash half of the time they're out and about. Those that do carry cash usually hold $50 or less. * Do These 7 Retail Stocks Make the Grade? Logically, this means we should see fewer cash-only businesses moving forward. And the types of businesses that would have once been cash only will likely gravitate towards Square's unique and convenient solution. Despite SQ stock's bumpy year, it still has added nearly 10% since January. Control4 (CTRL)Source: Shutterstock Like the other mentioned names, CTRL will likely gain on broader social trends, making it a strong pick for young investors and a potential high-growth stock.Control4 specializes in home-automation solutions, providing clients with interconnectivity benefits along with security. Given that anything can happen these days, people love the peace of mind of having an integrated smart-home system.But beyond the practicality that Control4's products and services provide, its target audience is extremely receptive to the company's offerings.Experts forecast that by the year 2020, home automation will become a $40 billion industry. Further, 47% of millennials own smart-home products. And 81% of prospective homebuyers are likely to select a home that has installed automation services. General Electric (GE)Source: JPstock / Shutterstock.com General Electric (NYSE:GE) is a controversial pick for many reasons, but the biggest is this: for years, GE has become a negative-growth stock. Why on earth would I then include it among high-growth stocks?Admittedly, the idea isn't conventional and considering its history, GE stock is incredibly risky. The markets agree, selling it off by 55% last year alone. But recently it's been making a comeback and the opportunity is enticingly lucrative.That sentiment is doubly valid for young investors who have the extra margin to patiently wait out the current trouble.The question everybody asks is if management can truly turn this sinking ship around. While speculative, I think GE has a legitimate chance.Analysts appear to be bearish on General Electric because of its lagging Power division. The fear is that renewable energy will overrun the company. * 7 Rental REITs to Buy Regardless of a Recession I say, not so fast! While renewable energy "works," it's still economically inefficient and while this is being corrected, GE has time to adapt, whether that means growing its own renewable energy offerings or compensating for lost revenue in other areas.That's the ticket for GE stock. However, it will take time, which suits young investors perfectly. Voyager Therapeutics (VYGR)Source: Shutterstock As millions of families worldwide can attest, watching a loved one suffer from a neurological disease is a painful journey. It can also be agonizingly frustrating as a once proud and independent person succumbs to physical and mental ailments.Voyager Therapeutics (NASDAQ:VYGR) aims to put an end to this scourge, and I give them all my blessings. Utilizing a common, naturally occurring virus called adeno-associated virus (AAV) as a "treatment carrier," VYGR scientists propose to target diseased cells for repair.A significant advantage for using AAVs is their long lifespans. A single dose could potentially lead to lifelong benefits.The technology is very promising but VYGR is still relatively in the early phase. Naturally, Voyager's financials aren't the greatest, and its share price is volatile.However, if the company manages a breakthrough, we will witness a paradigm shift in how we approach ailments such as Parkinson's disease, and it will become a hig-growth stockFurthermore, gene therapy holds the key for solving a multitude of other diseases. VYGR is among a few high-growth stocks that could spark a medical revolution. Young investors should carefully watch this space. Kinross Gold (KGC)Source: Jeremy Vohwinkle via Flickr (Modified)Although regular readers probably know my work involving cryptocurrencies and cannabis, I'm also a believer in gold.At the risk of sounding like some 2 a.m. infomercial, a healthy portfolio should include some physical precious metals, or at least SPDR Gold Shares (NYSEARCA:GLD).But for those who want to take a little bit of risk, I'd look into Kinross Gold (NYSE:KGC).As with many other high-growth stocks in the gold sector, KGC has a shaky history. Primarily, Kinross made expensive acquisitions at or near the gold bubble earlier this decade. Investors subsequently punished KGC stock. * 4 Stocks to Sell and 6 Stocks to Buy on Vaping Fears However, the shares have rebounded 21% over the last month as gold prices have increased to multi-year highs. And with the geopolitical and international trade outlook growing more uncertain, there's a good chance that gold prices will keep climbing for a long time.It's not a perfect story, but young investors have the time to wait out KGC, which looks poised to become a high-growth stock. Mitsubishi Heavy Industries (MHVYF)Source: Shutterstock I'm going to close my list of high-growth stocks with a contrarian play, Mitsubishi Heavy Industries (OTCMKTS:MHVYF) a core company of the Mitsubishi Group.With many Asian investments focusing on Chinese companies, it's easy to forget about Japan. However, I think this is a misstep that young investors should capitalize on, and MHVYF is ideal for this purpose.Let's pick the low-hanging fruit first. MHVYF is a renowned manufacturer of mining and industrial equipment.Although purely conjecture, Mitsubishi could play a significant role in Japan becoming a natural-resource exporter. According to CNBC, Japanese researchers found a "semi-infinite" amount of rare earth metals off Minamitorishima Island.Before you get too excited, the critical metals were discovered in the deep-sea bed, so currently, it's not economically feasible to extract them. However, where there's a will there's a way, and Mitsubishi could play a significant role. If so, this could launch MHVYF.Another trend working in Mitsubishi's favor is military conflict. With unpredictable North Korea mere miles away, Japan needs to beef up its defenses. I'm not talking about another war, but rather, a show of force to dissuade enemy attacks and provocations. Mitsubishi is one of Japan's major military contractors, and all geopolitical events point towards a rising MHVYF share price.As of this writing, Josh Enomoto is long gold bullion. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Dow Jones Stocks to Buy for the Rest of 2019 * 5 Boring Stocks to Buy This Summer * 7 S&P 500 Stocks to Buy With Little Debt and Lots of Profits The post 10 Best High-Growth Stocks to Buy for Young Investors appeared first on InvestorPlace.
(Bloomberg) -- Square Inc. has become one of the first U.S. payments platforms doing business with CBD providers, just as the industry is booming.The company this week started allowing U.S. businesses to sell cannabidiol products on its platform while keeping track of payment and inventory management. CBD derived from hemp was legalized last year, while the intoxicating THC compound remains illegal at the federal level.“We saw this as an opportunity to make our tools available to sellers” in the industry, Square said in a statement.The move comes as more states legalize marijuana, unleashing a surge in demand. The legal marijuana market, estimated at $13.8 billion globally last year, is expected to increase at 24% annually by 2025, according to Grand View Research. Payment is also getting easier. Last month, the U.S. House advanced a bill designed to let banks do business with cannabis companies in states that permit marijuana sales, a step that some supporters see as helping to pave the way to nationwide legalization.Shares of Square climbed 3.7% as of 2:41 p.m. in New York, extending their gains for the year to 11%.(Corrects to show Square is doing business with CBD providers.)\--With assistance from Kristine Owram.To contact the reporter on this story: Jarrell Dillard in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Courtney Dentch at email@example.com, Lu Wang, Catherine LarkinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Square Inc. announced Thursday that it was opening up an early access program for U.S. CBD merchants selling products that are hemp-derived and that contain less than 0.3% THC. The company will charge 3.90% plus 10 cents per tap, swipe, or dip for in-person transactions. The rate for online payments will be 4.20% plus 30 cents per transaction. Square previously had a beta program where it tested this capability. The company will also offer its suite of payroll, inventory management, and other services to sellers that sign on with its payment processing service. Square shares are up 1.2% in Thursday morning trading. They've gained 8.4% so far this year, while the S&P 500 has risen 15%.
Social media website Reddit plans to move its San Francisco headquarters from the Tenderloin to Mid-Market. The company leased 78,031 square feet in 1455 Market St. in San Francisco, a spokesperson confirmed. The lease comes just two years after Reddit leased about 50,000 square feet at 420 Taylor St. in a neighborhood known more for street crime than office space. Mid-Market is also known for a gritty street scene, but has experienced an influx of office workers since Twitter moved its headquarters there in 2012.