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Why Block (SQ) is a Top Stock for the Long-Term
Zacks Investment Research· 2024-02-15 15:31
Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest ...
Block (SQ) Outperforms Broader Market: What You Need to Know
Zacks Investment Research· 2024-02-08 23:51
The most recent trading session ended with Block (SQ) standing at $68.83, reflecting a +0.76% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.06%. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq gained 0.24%.Prior to today's trading, shares of the mobile payments services provider had gained 0.6% over the past month. This has lagged the Business Services sector's gain of 7.07% and the S&P 500's gain of 6.45% in that time ...
Investors Heavily Search Block, Inc. (SQ): Here is What You Need to Know
Zacks Investment Research· 2024-02-08 15:00
Block (SQ) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this mobile payments services provider have returned +0.6% over the past month versus the Zacks S&P 500 composite's +6.5% change. The Zacks Technology Services industry, to which Block belongs, has gained 8.1% over this period. Now the key question is: Where could the stock be headed in the near term?While media relea ...
Fintech Stock for Options Bulls
Schaeffers Research· 2024-02-02 18:28
Subscribers to Schaeffer's Weekend Trader options recommendation service received this SQ commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.Fintech stock Block Inc (NYSE:SQ) is finding support near its 160- and 200-day moving averages, and recently experienced a double bottom on the hourly chart. Now in the midst of a roughly 20% pullback from ...
Block (SQ) is an Incredible Growth Stock: 3 Reasons Why
Zacks Investment Research· 2024-02-01 18:46
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond ...
Brokers Suggest Investing in Block (SQ): Read This Before Placing a Bet
Zacks Investment Research· 2024-02-01 15:31
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Block (SQ) .Block currently has an average brokerage recommendation (ABR) ...
Annual Square Research Signals 2024 Will Be a Year of Long-Awaited Growth for Businesses
Businesswire· 2024-01-31 14:00
OAKLAND, Calif.--(BUSINESS WIRE)--Today, Square released its fourth annual Future of Commerce report, with comprehensive analysis on how business owners and consumers are considering the evolution of the restaurants, retail, and beauty industries. The report offers insights on how these businesses are shifting – and how consumers are responding – particularly amid further advancement in automation and generative AI. In collaboration with Wakefield Research, Square surveyed thousands of business owners an ...
Report: Block Aims to Reduce Workforce to 12,000 This Year
PYMNTS· 2024-01-30 23:54
Block is reportedly cutting jobs as part of its previously announced effort to limit the size of its workforce to 12,000 employees.The company announced that goal in November during an earnings call, saying it aimed to boost earnings by reducing costs, and it started cutting jobs on Tuesday (Jan. 30), Bloomberg reported Tuesday.Block did not immediately reply to PYMNTS’ request for comment.The company did not specify how many jobs will be affected, according to the report. It said it will reduce its workfor ...
Block becomes the latest fintech to lay off workers
TechCrunch· 2024-01-30 21:56
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers.That’s according to an internal memo from CEO Jack Dorsey, obtained first by Business Insider, which states that “the growth of [Block] has far outpaced the growth of … business and revenue.”The layoffs were executed this morning and affected staff in the Cash App, foundational and Square arms of Block. Reportedly, around 1,000 people — or 10% of Block’s hea ...
Block Layoffs 2024: What to Know About the Latest SQ Job Cuts
InvestorPlace· 2024-01-30 19:13
Like many top technology companies, Block (NYSE:SQ) is in efficiency mode right now. Most recently, the company announced that it will begin reducing its headcount by around 1,000 employees — or as much as 10% — over the year in a bid to return to profitability. Notably, SQ stock has continued to trade lower in today’s session, down by more than 1% this afternoon. CEO Jack Dorsey hasn’t been shy about outlining the issues plaguing Block. Aggressive hiring during the pandemic led to an influx of talent to th ...