|Bid||70.60 x 1400|
|Ask||70.73 x 800|
|Day's Range||69.79 - 72.75|
|52 Week Range||43.72 - 101.15|
|Beta (3Y Monthly)||3.19|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||83.33|
Square is partnering with the baseball team Washington Nationals to place Square terminals, the handheld payment device, at more than half of its concession stands. Yahoo Finance's YFi AM talks to Square’s Head of Hardware, Jesse Dorogusker.
Square, the payments company helmed by Jack Dorsey, has put its Terminal device in the hands of more than half the roving concessionaires in Washington Nationals ballpark in Washington, D.C.
Square (SQ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Minnesota’s first black-led credit union is partnering with Square to bring financial education and technology to North Minneapolis.
Although this year the stock market sentiment is in a much better state, the banks still have their reputation that they cannot hold their rallies. But therein lies part of the opportunity in American Express (NYSE:AXP) stock today.Source: Marcus Quigmire Via FlickrThis round of bank earnings has so far gone much better than the last one. There is some chatter about a sustainable rally in their stocks. On Tuesday we even saw a flip from red to green in stocks like Bank of America (NYSE:BAC) and JPMorgan (NYSE:JPM).This hasn't happened in a while, so perhaps the trend that banks can't hold their greens is dying. If so then this will provide a lift to AXP stock as well.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMoreover, transaction companies like AXP, Visa (NYSE:V), MasterCard (NYSE:MA) and Square (NYSE:SQ) rally in sympathy with money center banks. So if the Financial Select Sector SPDR Fund (NYSEARCA:XLF) rallies then so will the transactors like AXP.In addition, AXP is an excellent financial stock that has proven over the years that they can manage through adversity. Case in point was the debacle over losing the Costco (NASDAQ:COST) account. The stock suffered for a while but has since set new all-time highs.I was lucky to ride the last mega breakout in AXP from the December lows. American Express rallied over 25% so today I am trying to catch the next opportunity. Usually, I consider these technical opportunities tactical trades but this one doubles as a long term conviction investment. This is a stock I want to own for the long term. * 10 Best Stocks to Buy and Hold Forever The reaction this morning is slightly negative from the earnings. Management reported a boring quarter where they barely beat the bottom line and narrowly missed sales. The forward guidance was in line so they gave traders nothing to cheer. So AXP will move in line with the overall equity market for now.So if this rally in stocks continues, then AXP stock has the opportunity to break out from $114.40 to target another $10 run from there. There will be resistance there but if the bulls can close above it then the bears will be tired so the stock will overshoot higher.The macroeconomic condition still favors the bullish thesis. We do have threats from lingering headlines of tariff wars. But as we approach another round of elections means that those deals will happen so we go back to trading the profit and loss statements rather than headlines.Most importantly, the threat from the Federal Reserve inverting the curve has disappeared. They have affirmed that they won't cause the short term rates rise above the long term rates so this relives fears for banks. The steeper the curve the better are their profits.For American Express stock, the short term price action from the earnings headline is meaningless for the long term. All global transactions will be electronic so the demand on their services will continue to increase. There are only but a few companies that serve this market and they are a global household name. So they are well set to continue to prosper for years.Then there is the China market opportunity. The U.S. and China are nearing a deal where companies like AXP could have a new opportunity become available in the largest market on the planet.The short term technical threat for AXP stock is at $108 per share. If the bears push price below it they could target $102 per share. This is not a forecast but it is a scenario that could unfold in the next few weeks. But even then, this won't change the overall opportunity for the long term.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. You can follow him as @racernic on Twitter and Stocktwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Why You Should Buy and Hold American Express Stock appeared first on InvestorPlace.
Pinterest’s shares started trading on Thursday with some impressive credentials to buoy them up. The US social network claims half of users shop on its site and that eight out of 10 American mothers have an account on its virtual pinboard. Pinterest looks cute but it has still gone for a very immodest value of 15 times trailing revenue.
HENDERSON, NV / ACCESSWIRE / April 17, 2019 / Blockchain was the tech buzzword investors favored, but according to a new survey reported by Cointelegraph of 1,050 IT, security, and engineering decision makers at $1 billion firms, most of them are now investing in either AI, augmented reality, blockchain, or Internet-of-Things as part of their "digital transformation strategy." Ninety percent said they were investing in at least one of the above technologies as part of their "digital transformation strategy." Of that 90 %, 61 % of respondents claimed their firm invests in blockchain. The company has followed that up this past week announcing it successfully completed testing on their Alpha version of its global mesh network technology platform GopherInsight™, which is the company's IoT component.
Yandex Q1 Preview: Advertising, Cloud, Hardware, and Uber IPO(Continued from Prior Part)Yandex.Money adds multicurrency supportLast month, Yandex (YNDX) announced that it was adding multicurrency support to its Yandex.Money payment platform.
The payments pioneer has seen its shares rally 33% this year. But as the company enters new markets, it’s likely to run up against ‘well-capitalized’ rivals that could prove to be tough competition.
Are These High-Growth Tech Stocks Overvalued?(Continued from Prior Part)SQ’s returnsThe stock of payment processing company Square (SQ) has generated a return of 58% in the last 12 months. The stock easily outperformed broader markets last year
Bank executives were before Congress April 10, testifying about how sorry they were for past sins and how they've learned their lesson.Source: Shutterstock They haven't. They won't. They're bankers. Bankers will always go for the green, because to do otherwise is to lose out to a banker who will.Thus, banking is ta heavily regulated industry. In its way, banking is a form of gambling. Without some restraint on their natural instincts, they'll lay the mortgage down at the dog track.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe first quarter of 2019 was very, very good for the big banks. Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Goldman Sachs (NYSE:GS) all beat the S&P 500 average gain of 11% (though that last one is having a rough go after earnings). Most are still trading at price to earnings multiples at single digits or in the low teens, even after beating analyst estimates. Earnings as ExpectedGood news was expected. The big banks featured "whisper numbers" that were ahead of official estimates -- and those numbers were largely justified.Citigroup, which got hit hardest of all the big banks for the 2008 collapse, was expected to earn about $4.1 billion, $1.78 per share, although its "whisper number" is for earnings of $1.84. (It earned $1.87.) That was on $18.57 billion of revenue (a slight miss), meaning almost 22 cents on every dollar that came in hit the net income line. This is nice work if you can get it. * 7 Stocks That Can Outperform for Years Bank of America expected earnings of about $6.5 billion, 67 cents per share, on revenue of $23.29 billion. Again, they were hoping for 69 cents, and taking almost 28 cents of every dollar to the net income line. Final earnings of 68 cents put them right in the ballpark.For Goldman Sachs, analysts expected $5.05 per share, got $5.71, but the stock fell after revenue of $8.81 billion fell short of the estimated $8.97 billionThese are good times, evidenced by Bank of America raising its minimum wage for employees to $20 per hour. How much better might things be if regulations "holding them back" were loosened. The Trump Federal Reserve, and Republicans, all agree.Thus, the strategy last week was to play the victim before Congress. The harsher Democratic attacks on their past action, the more loudly they insisted they learned lessons and won't do it again. Like the Runyonesque gangsters at the Mission prayer meeting in Guys and Dolls. "Sit down, you're rocking the boat." The Real Threat for Bank StocksOther than deregulation, the big threat to big banks lies in fintech, which can replace nearly all banking jobs with computers. Square (NYSE:SQ) is just one fintech going into small business lending, once the banks' primary means of support. The biggest mortgage lender is no longer Wells Fargo (NYSE:WFC) but Quicken Loans, a fintech company. Small banks are partnering with fintechs to go after deposits against big banks on a level playing field. Since the bull market's start 10 years ago, the gains at all the big banks have been dwarfed by those at Charles Schwab (NYSE:SCHW), an online broker.In most industries, like technology, big players buy up the challengers and get even bigger. But the banks, most notably Wells Fargo, are still having their growth constrained by regulators. In Goldman Sachs' recent deal with Apple (NASDAQ:AAPL) to handle credit cards, it's the tech company, not the bank, that's doing the heavy lifting. The Bottom LineBig banks are still where the money is. They're still the safest place to keep cash when a crisis hits, because if things get bad, they will be bailed out. They're still your best defensive play in an uncertain market.Banks hate that and, facing the technology future, they have reason to.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in JPM, SCHW, and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post After Bank Earnings, Is It Time to Buy? appeared first on InvestorPlace.
Investors should reposition their portfolio for more exposure to the growth space to obtain a nice momentum play. For them, we have presented five ETFs and stocks that are ready to bloom this spring.
[Editor's note: This story was previously published in February 2019. It has since been updated and republished.]Amazon (NASDAQ:AMZN) has been one of the more impressive stocks of the past 25 years. In fact, AMZN now has returned well over 100,000% from its initial public offering (IPO) price of $18 ($1.50 adjusted for the company's subsequent stock splits). A large part of the returns has come from two factors.First, Amazon has vastly expanded its reach. What originally was just an online bookseller now has its hands in everything from cloud computing to online media to groceries, and its shadow is even larger.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Amazon's buyout of Whole Foods rattled the retail market. Similarly, its entry into healthcare by buying PillPack (as well as its healthcare partnership with Berkshire Hathaway (NYSE:BRK.B) and JPMorgan (NYSE:JPM))sent ripples through the healthcare sector.In response, Microsoft (NASDAQ:MSFT) teamed up with Kroger (NYSE:KR) to "build the grocery store of the future," and earlier this year announced a partnership with Walgreens (NASDAQ:WBA) to fend off Amazon.Second, as a stock, AMZN has managed the feat of keeping a growth stock valuation for over two decades. I've long argued that investors can't focus solely on the company's high price-earnings (P/E) ratio to value Amazon stock. But however an investor might view the current multiple, the market has assigned a substantial premium to AMZN stock for over 20 years now, and there's no sign of that ending any time soon.It's an impressive combination, and one that's likely impossible, or close, to duplicate. But these five stocks have the potential to at least replicate parts of the Amazon formula. All five have years, if not decades, of growth ahead. New market opportunities abound. And while I'm not predicting that any will rise 100,000% -- or 1,000% -- these five stocks do have the potential for impressive long-term gains.Source: Chris Harrison via Flickr (Modified) Square (SQ)Admittedly, I personally am not the biggest fan of Square (NYSE:SQ) stock. I like Square as a company, but I continue to question just how much growth is priced into SQ already.Of course, skeptics like myself have done little to dent the steady rise in AMZN stock. And valuation aside, there's a clear case for Square to follow an Amazon-like expansion of its business. Instinet analyst Dan Dolev has compared Square to Amazon and Alphabet Inc (NASDAQ:GOOGL, NASDAQ:GOOG), citing its ability to expand from its current payment-processing base:"In 10 years, Square is likely to be a very different company helped by accelerating share gains from payment peers and relentless disruption of services like payroll and human resources."Just as Amazon used books to expand into ecommerce, and then ecommerce to expand into other areas, Square can do the same with its payment business. The small business space is ripe for disruption, as out own Josh Enomoto points out. Integrating payments into payroll, HR, and other offerings would dramatically expand Square's addressable market - and lead to a potential decade or more of exceptional growth.Again, I do question whether that growth is priced in, with SQ trading 60% higher than this time last year. But if (again, like AMZN) Square stock can combine a high multiple with consistent, impressive, expansion, it has the path to create substantial value for shareholders over the next five to 10 years.Source: Daniel Cukier via Flickr JD.com (JD)In China, JD.com (NASDAQ:JD) is the company closest to following Amazon's model. While rival Alibaba (NYSE:BABA) gets most of the attention, it's JD.com that truly should be called the Amazon of China.Like Amazon (and unlike Alibaba), JD.com holds inventory and is investing in a cutting-edge supply chain. It, too, is expanding into brick-and-mortar grocery, like Amazon did with its acquisition of Whole Foods Market. A partnership with Walmart (NYSE:WMT) should further help its off-line ambitions. JD.com is even cautiously entering the finance industry.At the moment, however, JD stock is going in the exact opposite direction of AMZN. The stock has seen a slow recovery after last year's brutal plunge as the trade war and the arrest of the company's CEO killed all its gains. So have mixed earnings reports and a Chinese bear market. * 7 AI Stocks to Watch with Strong Long-Term Narratives Clearly, there are myriad risks here, although so far this year JD.com has corked its way well out of the doldrums of 2018. AMZN saw a few pullbacks over the years as well. And while JD may never rise to the scale of Amazon or even out-compete Alibaba, at its current valuation it doesn't have to.As investor confidence returns, JD has a path to enormous upside. The long-term strategy still seems intact, and likely the closest in the market to that of Amazon.Source: Shopify via Flickr Shopify (SHOP)Ecommerce provider Shopify (NYSE:SHOP) probably doesn't have quite the same opportunity for expansion as Square. And it, too, has a hefty valuation, along with a continuing bear raid from short-seller Citron Research.But I've remained bullish on the SHOP story, even though valuation is a question mark. Shopify is dominant in its market of offering turnkey ecommerce services to small businesses. That's exactly where consumer preferences are headed: small and unique over large and bland. And because of offerings like Shopify (and Amazon Web Services), those small to mid-sized businesses can compete with the giants.Meanwhile, Shopify does have the potential to expand its reach. Just 29% of revenue comes from overseas, a proportion that should grow over time. It's moving toward capturing larger customers as well through its "Plus" program, picking up Ford (NYSE:F) as one key client.The development of an ecosystem for suppliers and the addition of new technologies (like virtual reality) give Shopify the ability to offer more value to customers and to take more revenue for itself.Like SQ, SHOP is dearly priced and still climbing this year. SHOP has put on 42% since the beginning of the year. But both companies have an opportunity to grow into their valuations. And considering long runways for Shopify's adjacent markets, it should keep a high multiple for some time to come. As a stock, if not quite as a company, SHOP has a real chance to follow the AMZN formula for long-term upside.Source: Shutterstock Roku (ROKU)Roku (NASDAQ:ROKU) might have the best chance of any company in the U.S. market to follow Amazon's strategic playbook. The ROKU stock price is a concern. But perhaps even more so than Square, Roku now isn't what Roku is going to be in ten years.The hardware business is a loss leader, but one that allows Roku to serve as the gateway to content for millions of customers. As the company pointed out after recent earnings, it's already the third-largest distributor of content in the U.S. The Roku Channel is seeing increasing viewership. It's already up to more than 27 million viewers!The company offers pinpoint targeting of advertisements without the messy data problems afflicting Facebook (NASDAQ:FB). * 10 Dow Jones Stocks Holding the Blue Chip Index Back Roku is becoming increasingly embedded in TVs, though a deal between Amazon and Best Buy (NYSE:BBY) raised some fears about those software efforts going forward, and Disney's new streaming service could be an issue.It has a plan to roll out home entertainment offerings like speakers and soundbars, creating a long-sought integrated experience. It could even, as it grows, look to develop or acquire content itself, positioning Roku not as just a conduit to Netflix (NASDAQ:NFLX) but a rival.The bull case for Roku stock is that its players are like Amazon's books not a great business on their own, but a way to garner customers and get a foot in the door of the exceedingly valuable media business.What Roku does now that it has entered will determine the fate of ROKU stock. But the amount of options and still a somewhat modest market cap (under $5 billion) mean that betting on its strategy could be a lucrative play.Source: Workday Workday (WDAY)Workday (NASDAQ:WDAY) is starting to look like the enterprise software version of Amazon. Its core HR product has driven huge gains in WDAY stock, which now has a $36 billion market cap. But Workday is just getting started.The company previously announced that it would buy Adaptive Insights to build out its financial planning capabilities. It has already rolled out analytics and PaaS (platform-as-a-service) offerings that add billions to its addressable market.Here, too, valuation looks stretched, to say the least, but the story here still looks attractive. Workday is never going to be as famous as Amazon, or as large. But if its strategy works, it will be as important to, and as embedded with, its corporate customers as Amazon is with its consumers.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 5 Stocks That Could Be the Next Amazon appeared first on InvestorPlace.
Since the company's initial public offering, Square (NYSE:SQ) blitzkrieged its way to the top of the markets. While shares have come down substantially from its peak, it's still a winner by almost any measure. For example, on a year-to-date basis, Square stock has gained a very impressive 38%.Source: Chris Harrison via Flickr (Modified)I first came across Square's payment-processing device at an auto-repair shop. My car's windshield suffered a severe-enough crack that required replacement. Once the work was done, I pulled out my credit card. The shop's owner took out his Square-armed smartphone and swiped my card. At that moment, I should have invested in Square stock.Of course, the key to the tech firm's success is disruption. What I recognized on the day my windshield died was that independent companies can finally compete with the big boys. Prior to Square and its innovative device, small-business owners had to invest in clunky machines tied to often-unfavorable contracts.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWith Square came capacity and freedom. It was a simple idea with a small touch, but it worked. The payment-processing device leveled the playing field, essentially forcing businesses to compete on product and service quality, not resource advantages. That alone is enough for most people to consider buying Square stock. * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Another reason is the growth of small business in America. Last year, this segment employed nearly 48% of the private-sector workforce. Even more impressive, small businesses number over 30 million.However, not everything surrounding SQ stock is bullish; namely, the share price. While SQ has skyrocketed since the start of the year, it's gone flat since mid-February. That worries folks because it appears the tech firm can go either way.Does Square stock have another catalyst to run on? Square Stock to Ride Disruption Narrative 2.0It turns out, SQ has another long-term story that can shake shares out of its present funk. In the first go-around, the company completely overturned the payment-processing sector. Now, management is turning its attention toward the payment platform itself.Earlier this year, Square announced that it would launch a new debit card aimed at small businesses. While the concept is hardly novel, this particular variation offers unique benefits.For instance, the Square card allows business owners to immediately spend the funds that they earn through their company's sales. This way, owners don't have to wait until the revenues hit their bank accounts, thereby improving cash flow.Another intriguing factor boosting prospects for the card and SQ stock is the purchase discount. If a card-holder elects to do business with fellow Square merchants, he or she will receive a 2.75% discount. That's a sizable benefit, especially compared to traditional charge cards' miserly offerings.In turn, KeyBanc analyst Josh Beck reiterated his "overweight" rating, as well as his $100 target for Square stock. But Beck also noted that Square's debit card will perform better than most people expect. I completely agree with him.Beck addresses the broader narrative, pointing out that roughly 40% of small businesses don't have a business-specific charge card. In other words, this is a grossly-underserved market that SQ can penetrate and later dominate.But what I view as critically important are the nuanced benefits. For instance, the Square card allows users to easily separate business and personal expenses. That might not seem like a big deal until tax season. Then, it can really save much frustration.I suspect that word-of-mouth of all platforms can drive home the conveniences of the Square card. This should eventually translate to a higher price for SQ stock. Demographics and SQ StockIf that doesn't convince you that Square stock is likely to move higher, consider demographic behaviors. Millennials don't just represent the largest workforce in the U.S. Increasingly, they've proven to the most entrepreneurial-minded.According to one survey, 66% of young Americans aspire to start their own businesses. Not only that, this trend crosses international borders. Oxford University released data that showed that the number of entrepreneurial-focused students increased significantly in recent years.Naturally, this rising trend bolsters the long-term case for Square stock. But it goes beyond that. You see, Square doesn't just provide tools in the way that Visa (NYSE:V) or Mastercard (NYSE:MA) does. Instead, it provides simple but effective platforms that encourage business growth.Again, you might think on the surface that differentiating personal and business expenses is a minor concept. And actually, you'd be right. However, it also mitigates one of the most cumbersome administrative tasks associated with owning a business. That's the type of smart thinking that separates SQ stock from the rest.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 * 9 Best Dividend Stocks to Buy for Every Investor * 7 Catalysts That Will Send Marijuana Stocks Soaring in 2019 * 8 Risky Stocks to Watch as Earnings Season Kicks Off Compare Brokers The post Square Stock Is Taking a Breather, but There's Lots More Growth Ahead appeared first on InvestorPlace.
The financial services industry is experiencing merger and acquisition activity at unprecedented rates, as new fintech companies disrupt from below and legacy players react to stay relevant.
President, CEO & Chairman of Square Inc (NYSE:SQ) Jack Dorsey sold 68,690 shares of SQ on 04/10/2019 at an average price of $74.44 a share.
Here's What's New with BABA, JD, GRPN, and SHOP(Continued from Prior Part)Microsoft is eyeing Shopify’s marketShopify (SHOP) powers the digital stores of hundreds of thousands of merchants. Some 800,000 businesses operate stores on Shopify’s
Investing.com - Major cryptocurrencies were trading in the red on Thursday morning in Asia, but Bitcoin still remained above the $5,000 level despite the bearish sentiment.