|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||80.89 - 80.89|
|52-week range||80.89 - 80.89|
|Beta (5Y monthly)||2.63|
|PE ratio (TTM)||122.37|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
This trio of companies is helping millions build thriving businesses, even during the worst of times.
With a number of companies, both large and small, filing for bankruptcy in the last 2 months, having cash on hand can literally make or break a business
Unlike most penny stocks, these three companies are leaders in their respective industries and could provide market-beating returns for a while.
In other words, this bear market is an opportunity to secure your financial freedom by putting your money to work in great businesses. Here are five top stocks that can help you in your quest for financial independence. One recipe for financial freedom is to load your portfolio with companies that offer game-changing potential.
In a world where everything is changing in a matter of weeks, talking about what could happen in the next 10-year stretch, when both the novel coronavirus and the economic lockdown meant to bring it to heel are still wreaking havoc, may seem premature. The ability to reach customers at home -- or wherever they happen to be -- is set to expand beyond the world of retail and entertainment, though.
The worldwide coronavirus crisis that have locked many citizens indoors is also rapidly diminished the allure of shiny trophy office towers.
So far, there is no “office apocalypse.” Most tenants are just looking for short-term rent relief.
In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, take an in-depth look at the company and what investors need to know. Plus, hear Jason and Matt discuss why they're keeping an eye on Goldman Sachs (NYSE: GS) and Intuit (NASDAQ: INTU). To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
(Bloomberg) -- Facebook Inc. plans to hire more remote workers in areas where the company doesn’t have an office, and let some current employees work from home permanently if they’d like to.Chief Executive Officer Mark Zuckerberg said the company plans to “aggressively open up remote hiring” starting immediately with the U.S., particularly for engineering talent. Based on internal employee surveys, he believes remote workers could make up as much as 50% of Facebook’s workforce in the next five to 10 years.“We and a lot of other folks were very worried that productivity was going to really fall off a cliff,” Zuckerberg said in an interview. “It just hasn’t. We are at least as productive as we were before, and some people report being even more productive.”The social network, which closed its Menlo Park, California, offices in early March due to the coronavirus outbreak, has already told employees that they can work from home through the end of the year. Zuckerberg shared the remote hiring plans with workers Thursday. Facebook had more than 48,000 global staff at the end of March.“The vast majority of people at the company are working remotely anyway, so constraining ourselves to only hiring people who live near an office that’s not open anyways isn’t really that efficient,” he added.Facebook is the latest, and largest, tech company to announce a full or partial move to more permanent remote work amid the Covid-19 pandemic. Twitter Inc. and Square Inc., both run by CEO Jack Dorsey, have announced that their employees can work from home permanently if they’d like. Canadian e-commerce company Shopify Inc. said this week it will allow its 5,000 staff to work from home indefinitely.It’s a trend that could drastically change Silicon Valley and the San Francisco Bay Area, which has for decades been the mecca for high-paying technology jobs. Many of the world’s most valuable companies, including Facebook, Apple Inc. and Alphabet Inc.’s Google are headquartered just south of San Francisco, which has made the surrounding area one of the wealthiest and most expensive in the world.Facebook employees who wish to work remotely, and are approved to do so, will be paid based on their new location, Zuckerberg added. That means employees who move to areas with a lower cost of living than the Bay Area would likely take a pay cut. Employees currently working remotely who want to extend their remote work plans beyond the end of this year will need to alert Facebook for tax and payroll reasons.“We’ll localize everybody’s comp on January 1,” he said. “They can do whatever they want through the rest of the year, but by the end of the year they should either come back to the Bay Area or they need to tell us where they are.”Zuckerberg said his decisions aren’t driven by employee demand, but there are a number of other benefits to remote hiring. This will extend the “talent pool” of people Facebook can hire, he said, and could help Facebook increase the diversity of its workforce, both racially and ethnically, but also ideologically.There is also a potential environmental benefit, Zuckerberg said, pointing out that pollution and emissions have dipped as people have stopped traveling. “I’d rather have our employees teleporting to work with VR or video chat than sitting in a commute and kind of poisoning the atmosphere,” he said.There could be product advantages, too. Facebook’s mission is to create products that help people feel closer even when they are physically apart, Zuckerberg said. This would give the company a chance to put its own products to the test and “eat our own dog food,” he added.There are still some unknowns. Zuckerberg believes a change like this could impact some of what he calls “the softer stuff,” like social connections, group brainstorming and creativity. Companies like Facebook and Google have changed work culture by offering employees never-ending perks, like free food, shuttles to work and even laundry. Those elements of work cultures will undoubtedly be affected.“We don’t know yet how much we are drafting off of culture, relationships, strategy and direction that have been developed up until this point. We’re kind of just gliding forward,” he said. “We don’t know how hard it’s going to be to evolve.”Zuckerberg said the Covid outbreak and current plan to increase remote workers won’t change the company’s real estate ambitions – at least not in the short term. Facebook has been expanding its sprawling headquarters for years, and has other plans to expand East across the San Francisco Bay to Fremont. Facebook has also embarked on a major push in New York, where it last year signed a lease for more than 1.5 million square feet of space in the Hudson Yards development. The company had planned to start moving employees into the space this year.When some employees do return to work following the July 4 holiday, Facebook plans to keep office capacity at just 25%, so will need as much room as possible. “If anything we just don’t have enough office space,” Zuckerberg said.The virus “is going to be with us for a while, so we really need to get good at this,” Zuckerberg added. “I just don’t think there’s going to be a single day where it’s like, ‘OK, Covid is done.’”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
During market downturns like the recent coronavirus market crash, it's tempting for investors to spend most of their efforts sifting through beaten-down stocks in search of bargains. This is the case for Square (NYSE: SQ) -- a point-of-sale and financial technology company whose revenue growth has soared in recent years. Here's a closer look at why this growth stock is worth its premium price.
Many active investors buy stocks on the hope of scoring outsize returns by purchasing the next Apple or Tesla. They also might remember eras such as the dot-com bubble or the housing boom and assume that investing is a path to easy money.
Following an 11-year bull market, the past three months have been highly unnerving for investors. Since the broad-based S&P 500 hit an all-time closing high exactly three months ago, on Feb. 19, 2020, we've witnessed the highest volatility reading in the CBOE Volatility Index's history, and saw the S&P 500 decline 34% in just 33 calendar days. This was the fastest drop into bear market territory (as well as the quickest 30% decline) ever recorded.
Financial services company Square (NYSE: SQ) announced on Monday that it would permanently allow many of its employees to work from home, even after the pandemic ends. The move comes just a week after a similar announcement was made by social media platform Twitter (NYSE: TWTR). "We want employees to be able to work where they feel most creative and productive," a spokesperson for the fintech said.
"We want employees to be able to work where they feel most creative and productive," a Square spokesperson said in an emailed statement. Tech giants like Facebook Inc and Alphabet Inc's Google have allowed most of their employees to work remotely until the end of this year.
(Bloomberg) -- Bank of America double-downgraded payments stock Square Inc. to underperform from buy on concern small and medium businesses like restaurants, retailers and salons will struggle to stay afloat once they’ve spent government Covid-19 crisis funds.“A significant number” of small and medium outfits may struggle to survive, especially if the U.S. economy only partially reopens and firms are limited to 25% to 50% occupancy, analyst Jason Kupferberg wrote in a note.“The extent of SMB churn is hard to quantify, and likely won’t be known for perhaps another 6 months, but we note that 75% of Square’s payment volume comes from merchants with less $500,000 in annual card volumes,” he said.He also flagged Square’s 26% rally so far this year, which compares with a 9% decline for the S&P 500. The stock may have “moved too far and too fast relative to its near-term fundamental prospects,” he said.In the same note, Kupferberg also became the sole bear on payroll processor Automatic Data Processing Inc., cutting his rating to underperform from neutral due to “extreme stress on employment markets.” ADP is exposed to the current recession not just because of the number of employees on its clients’ payrolls, he said, but also in terms of client retention, new bookings and lower float income.He added that Paychex Inc.’s business update call on Tuesday may be a “negative catalyst” for ADP, as Paychex will probably pre-announce a guidance miss for the quarter ended May 31. Kupferberg rates Paychex underperform too, as 99% of its revenue comes from U.S. small and medium businesses averaging 16 employees.Square pared a decline of as much as 2.5% in early Monday trading, while ADP nearly erased a gain of as much as 2% and Paychex rose as much as 4%. Stocks rose across the board on optimism about an experimental vaccine, and as major economies took further steps toward re-opening and the Fed stressed it has more ammunition to combat a downturn.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, dive into the numbers that investors need to know. Then the pair answer a listener question on the seemingly irrational optimism in the stock market and discusses why they have Disney (NYSE: DIS) and Sony (NYSE: SNE) on their radar right now. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center.
In this episode of Motley Fool Money, Chris Hill and Motley Fool analysts Ron Gross, Andy Cross, and Jason Moser take a look at the latest headlines from Wall Street and go through earning reports of companies in a range of industries. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks.
PayPal (NASDAQ: PYPL) and Square (NYSE: SQ) saw their payments volumes head in opposite directions in April amid the novel coronavirus pandemic. PayPal saw payment volume increase about 22% last month while the same metric fell about 39% for Square. As a result, Square is accelerating its efforts to offer more digital payment solutions and help its merchants shift online.
In this episode of MarketFoolery, Chris Hill chats with Motley Fool analyst Bill Barker about the latest earning releases. They first look at digital transactions and how they are growing as people move away from cash.
Square's (NYSE: SQ) stock recently rallied after the digital payments company posted its first-quarter earnings. Its revenue rose 44% annually to $1.38 billion, beating estimates by $80 million and exceeding its own guidance for 36%-40% growth.
Although we've rebounded quite a bit off of the March lows, the U.S. economy and labor market remain shells of where they were just three months ago, with job losses surpassing 30 million and second-quarter gross domestic product expected to come in at a year-on-year decline of more than 30%, according to many Wall Street estimates. While putting a bear market into the rearview mirror isn't going to happen overnight, this data conclusively shows that buying stocks during major stock market declines is always a smart move. With most brokerages removing the commissions associated with stock purchases and sales on major U.S. exchanges, the barriers to invest in the market have been torn down.
The big reversal of fortune in the latter metric was due to a dramatic increase in reserves for transaction and loan losses. This has been a widespread trend among banks and financial-services providers lately, as defaults are expected to climb higher due to the economic damage wrought by the SARS-CoV-2 coronavirus. On average, analysts tracking Square stock had been estimating $1.29 billion on the top line for the quarter and an adjusted per-share net profit of $0.13.
(Bloomberg) -- Shares of PayPal Holdings Inc. rallied as much as 13%, reaching a record high in early trading on Thursday, with analysts zeroing in on the payments company’s strong April trends and growth in electronic transactions across the board.Square Inc. rose as much as 8.6% to the highest since early March, as it benefited from some of that, too. But worries about credit and its small-and-medium sized business market factored in as well.Both are outperforming the market so far this year, with PayPal soaring 34% and Square up 19%, even as the S&P 500 has shed 11%, stung by the economic impacts of the Covid-19 pandemic.Here’s a sample of the latest commentary:Morgan Stanley, James FaucetteFor PayPal, “April really took off,” Faucette wrote in a note, “as consumers settled into modified behaviors.”Surging online activity and changes in behavior mean there’s a chance the firm can boost offline acceptance, which is key to maintaining its “pole position in the development of digital wallet services,” he said. That’s along with a big jump in new account activations, which quickened the pace of existing business growth.On the other hand, the downturn “makes Square look like a bank,” Faucette said, with loss reserves wiping out profit. Plus, there’s a looming “bank-like fall in loans to merchant borrowers,” while Cash App, which offers consumers bank-like services, had good results. He added that the Paycheck Protection Program gave Square Capital revenues “minor relief.”Faucette rates PayPal shares overweight and Square equal-weight.MoffettNathanson, Lisa EllisEllis flagged PayPal’s disclosure that May 1 was the company’s single largest volume day in its history, topping last Black Friday and Cyber Monday, while April core checkout button volumes rose more 43%, more than double pre-crisis growth rates.“In a sea of quite depressing payments results,” with Visa Inc. and Mastercard Inc. global card volumes trending down 20% to 25% through April, “God Bless the PayPal Checkout Button,” she said. “How goes the Checkout Button, goes PayPal.” She rates shares buy, with a target price of $170.Compass Point, Michael Del GrossoPayPal’s “April update was all that mattered and it didn’t disappoint,” Del Grosso wrote. Also, management commentary pointing to “durable” consumer shifts to online spending bolstered his view that the “current crisis only accelerated the longer-term, secular, consumer shift to e-commerce.”Del Gross sees PayPal as a “longer-term winner post-Covid.”However, Square’s expenses were materially higher than forecast due to a higher loan loss provision, and April’s worse-than-expected gross payment volume update signaled “material deceleration.” Plus, April’s Cash App new user growth may be “transitory once the effects of stimulus payments wane,” he added.He rates PayPal shares buy, with a target of $150; rates Square sell, with a target of $50.Guggenheim, Jeff Cantwell“Payment flows are shifting to e-commerce and digital as the world economy reorganizes in response to Covid-19,” Cantwell wrote, leaving PayPal “extremely well-positioned to grow TPV rapidly.”Bullish developments included adding a record number of net new active users in April at 7.4 million and record levels of customer engagement on the platform. Cantwell raised his PayPal price target to $152 from $123 and rates shares buy.KBW, Sanjay Sakhrani“We believe the payments industry is a beneficiary of the post Covid-19 changes society will implement, which will include a diminishing dependence on cash and check usage,” Sakhrani wrote. “Within that paradigm, PayPal should be a disproportionate beneficiary.” He rates shares outperform and lifted his price target to $152 from $120.(Updates first through third paragraphs for trading.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Square' (SQ) first-quarter results reflect coronavirus-induced headwinds. Nevertheless, robust Cash App and strength in bitcoin contributed to the results.