JUMP REPORT
Avg Daily Volume: 6,735,839 Market Cap: 35.87B
Sector: None Short Interest: 10.24
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .21/share REV: 593.17/M
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LAST QTR: EPS: .20/share ACTUAL: .25/share (BEAT)
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NEXT QTR: EPS: .16/share REV: 610.26/M
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FULL YR: EPS: .78/share REV: 2,240/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 63% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 8.57, -16.95, -10.28
EXPECTED JUMP MOVE: 10-15%
Links To Latest News and Headlines
The stock market is off to a decent start in 2023, with the S&P 500 up by about 4% with about a week left in January — not a stellar performance but a welcome change from last year. Block (NYSE: SQ), formerly known as Square, dramatically underperformed the market in 2022, for a few reasons. There are also credit risk fears surrounding the (expensive) Afterpay acquisition, as well as the cooling off in Bitcoin prices, both significant revenue drivers for Cash App.
Making $1 million out of $50,000 isn’t easy, but if you have $50,000 to invest, you could make yourself a millionaire with the right combination of stocks. You’ll want to find stocks that have a long growth path ahead of them, the ability to increase profits, and, ideally, a reasonable valuation. If you’re looking for promising growth stocks, a great place to start your search is in the ad tech industry.
One of the most exciting secular growth trends that investors should be paying attention to if they aren’t already is the advent of fintech and digital payments businesses. One such fintech pioneer, Block (NYSE: SQ), should be on every investor’s radar right now. Its Square unit provides financial services, software, and hardware solutions to small merchants that want to seamlessly accept card payments from customers, as well as handle payroll, invoicing, and loyalty programs, among many other services.
Financial technology, or fintech, is a broad category of companies that use technology to improve or automate financial services. Companies that develop new digital payment-processing solutions are…
Shares of financial-technology (fintech) company Block (NYSE: SQ) fell on Wednesday, along with almost every other technology stock. As of 12:45 p.m ET, Block stock was down just 4%, but it had been down 7% earlier in the trading session. Dominick Gabriele is an analyst with Oppenheimer.
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