|Bid||113.70 x 1000|
|Ask||113.80 x 2200|
|Day's range||113.23 - 118.78|
|52-week range||32.33 - 118.78|
|Beta (5Y monthly)||2.67|
|PE ratio (TTM)||171.54|
|Earnings date||30 Jul 2020 - 03 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||80.06|
On this day, 244 years ago, all but one of the 13 United Colonies officially adopted the Declaration of Independence, thus declaring their collective right to govern without England calling the shots. If you have spare cash that won't be needed to pay bills or cover emergencies, then the following blend of growth and income stocks should be perfect to help you secure your financial freedom. The first top stock that'll put you on the path toward financial independence is e-commerce giant Amazon (NASDAQ: AMZN).
Square's (NYSE: SQ) Cash App is worth between $27 billion and $30 billion in enterprise value, according to an estimate from MoffettNathanson analyst Lisa Ellis. Cash App's user base is growing rapidly, and Square is monetizing its users extremely well. The company said it was on pace to generate $30 per year on average from its 24 million Cash App in December.
Behind every monster stock is almost always a company driving tremendous change to an industry. Experienced investors can remember how Amazon transformed both retail -- and later -- the information technology industry. Buying Amazon or Netflix could still keep one rich.
Square (NYSE: SQ) and Wayfair (NYSE: W) are in different industries, but they share the common goal of allowing people to do things online that they used to have to do in person. For now, though, things seem to be working in Wayfair's favor.
The stock market started July off on a positive note, with all of the major averages marginally higher as of 12:30 p.m. EDT. It has done an excellent job helping its sellers through the COVID-19 pandemic by being a PPP loan facilitator and helping sellers pivot to online and curbside selling, and its Cash App got a major boost from the stimulus checks. The analyst sees Square's Cash App revenue more than tripling in the next five years as the company continues to build out its consumer finance ecosystem.
For instance, Shopify (NYSE: SHOP) has been an expensive stock for years. StoneCo (NASDAQ: STNE) has unbelievably good numbers. In my mind, StoneCo is very similar to Square (NYSE: SQ), the fintech superstar in the U.S. Like Square, StoneCo is using technology to create a whole ecosystem of start-up retail entrepreneurs.
Today Square released the "Rise of eCommerce" report, exploring how sellers in cities large and small embraced eCommerce in an effort to continue serving their customers in recent months. The report lists the top 50 cities that saw the largest percentage increase in new ecommerce sellers, includes insights from businesses on the front lines of this transition, and shares predictions about the road ahead from Square’s head of eCommerce, David Rusenko. The key takeaway? eCommerce is here to stay.
Square (SQ) closed the most recent trading day at $104.30, moving -0.46% from the previous trading session.
Today Square announced the availability of On-Demand Delivery for Square Online Store. In this challenging new business environment, it's more important than ever that sellers have access to the tools they need to sell online quickly, efficiently, and affordably. Now, with On-Demand Delivery, Square Online Store sellers can dispatch a courier through delivery partners for orders placed directly on their website.
It's been nearly four months since the benchmark S&P 500 hit an all-time high, and since then investors have received a crash course in... market crashes. It took less than five weeks for the broad-based S&P 500 to lose more than a third of its value, then another 11 weeks for the vast majority of these losses to be recouped. In order to become rich, you need to be willing to own a stake in revolutionary companies for long periods of time.
Today Square, Inc. (NYSE: SQ) announced that Darren Walker, President of the Ford Foundation, has joined its Board of Directors.
The payments company Square (NYSE: SQ) has acquired a Spanish peer-to-peer payments app called Verse that allows users to send money to friends and family for free. According to its website, Verse allows users to pay and request money from friends instantaneously. Square said Verse will join its Cash App division, which also allows users to transfer money to one another.
Square Capital, a unit of payments company Square Inc, said on Monday it has issued more than $820 million worth of loans to small businesses to help them weather the economic shutdown brought on by the coronavirus pandemic. Square, founded and led by Twitter Inc Chief Executive Officer Jack Dorsey, said it issued loans worth less than $11,000 on average to more than 76,000 small businesses. The loans are part of the U.S. government's $660 billion emergency loan program, also known as the Paycheck Protection Program.
The migration to digital payments has been huge over the last decade. E-commerce is increasingly becoming the rule versus the exception, digital banking is on the rise, and better access to the internet is opening up new options for consumers around the globe to move and manage money. While not ideal timing, the disruption is proving to be an opportunity for Fiserv to offload unnecessary expenses and double down on its highest growth revenue streams.
Since we began processing Payroll Protection Program (PPP) applications on April 29, 2020, as of June 10, Square Capital has facilitated more than $820 million in PPP loans, providing access to a financial lifeline to more than 76,000 small businesses. That’s an average loan of less than $11,000, with 97% of our loans falling under $50,000 – the SBA’s smallest tier for measurement.
The uncertainty tied to the coronavirus disease 2019 (COVID-19) pandemic initially caused the broad-based S&P 500 to crater at a faster pace than we've ever witnessed before. In other words, it firmly establishes Amazon as a dominant force in e-commerce, with around 40% of all online market share in the United States.