Phillip Securities upgraded Block in the aftermath of its earnings report last week.The stock market reacted to Block's (SQ 3.06%) first-quarter earnings report last week. The fintech stock initially jumped out of the gate as Wall Street applauded better-than-expected results on the top and bottom lines, but the gains didn't stick. By the end of the day on May 3, the stock was down 1%.However, one Wall Street analyst is doubling down on the initial bullish response to the results, upgrading the stock and ra ...

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks ...

Management's focus on growth and profits is yielding results.The S&P 500 is arguably the most followed stock index in the world. It's existed in its current form since 1957 and tracks the 500 largest and most profitable publicly traded companies in the United States. Consequently, it's a benchmark for the stock market and the economy.The obvious implication is that the constituents of this index are some of the biggest and the most influential companies in the world. If they're succeeding or struggling over ...

This billionaire's Bitcoin investment plan follows a solid fundamental approach to buying volatile assets.The price of Bitcoin (BTC 0.66%) is primarily determined by the law of supply and demand. Since there's a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer.Jack Dorsey, the CEO of fintech Block (SQ -2.58%), devoted his entire first-quarter letter to shareholders to talk about Bitcoin. Among his comments, he noted Block w ...

Block Inc. (NYSE: SQ), Square’s and Cash App’s parent company, and valued at $44 billion has raised its earnings forecast for the year and unveiled significant plans to expand its Bitcoin (BTC) holdings. The announcement led to a 7.9% surge in Block’s shares in post-market trading.In a letter to shareholders, CEO Jack Dorsey stressed the importance of an “open protocol for money“ aligning with broader movements towards cryptocurrency acceptance.“We believe the world needs an open protocol for money, one tha ...

Block posted its best quarterly net income since going public in 2015.Stocks have surged higher over the past year-and-a-half, and the S&P 500 index is firmly in a bull market that began in October 2022. Despite the run-up in the broader market index, excellent investing opportunities exist today.Block (SQ -2.58%) is one stock that is an intriguing opportunity for investors. The company is improving its efficiency and gross profit, and has made solid progress on these goals early this year. However, federal ...

Block (SQ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors often find it hard ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Block (SQ) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Block currently has an average brokerage recommendation (ABR) of 1.6 ...

Block suffered through an analyst downgrade and a Bitcoin sell-off, but quarterly results clawed back some of those losses.Shares of Block (SQ -0.64%) fell 13.7% last month, according to data from S&P Global Market Intelligence. A combination of a downgraded analyst rating and challenging market conditions pushed the fintech stock lower, but it reversed some of those losses in early May.A Wall Street analyst set things in motionBlock's rating was downgraded by a prominent bank on Wall Street in early April. ...

Block, Inc. (NYSE:SQ) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Nikhil Dixit - Head of IR Jack Dorsey - Block Head, Square Head, Chairman, and Co-Founder Amrita Ahuja - COO and CFO Conference Call Participants Tien-Tsin Huang - JPMorgan Timothy Chiodo - UBS Darrin Peller - Wolfe Research Harshita Rawat - Bernstein Ramsey El-Assal - Barclays Trevor Williams - Jefferies Andrew Bauch - Wells Fargo Jason Kupferberg - Bank of America Alex Markgraff - KBCM John Davis - Raymond J ...