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Fintech Stock for Options Bulls
Schaeffers Research· 2024-02-03 02:28
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· 2024-02-02 02:46
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 beyon ...
Brokers Suggest Investing in Block (SQ): Read This Before Placing a Bet
Zacks Investment Research· 2024-02-01 23:31
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 (AB ...
Annual Square Research Signals 2024 Will Be a Year of Long-Awaited Growth for Businesses
Businesswire· 2024-01-31 22:00
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 and c ...
Report: Block Aims to Reduce Workforce to 12,000 This Year
PYMNTS· 2024-01-31 07:54
公司员工计划 - Block公司计划将员工人数限制在12,000人,以提高盈利并降低成本[2] - 公司计划在今年年底前将员工人数减少至12,000人[4] - Block公司创始人杰克·多尔西在11月的财报电话会议上宣布了这一计划[5]
Block becomes the latest fintech to lay off workers
TechCrunch· 2024-01-31 05:56
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 h ...
Block Layoffs 2024: What to Know About the Latest SQ Job Cuts
InvestorPlace· 2024-01-31 03:13
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 ...
This Block catalyst could send the stock soaring 20%, says analyst
Market Watch· 2024-01-30 23:01
Block Inc.股票分析 - Block Inc.是一个多元化的企业,但更好的协同效应可能会推动股价飙升[1] - BTIG分析师Andrew Harte认为,Block的股票值得买入,给予了新的目标价$85,比当前水平高出约22%[2] - 投资论点集中在SQ在消费者和商家之间的有利位置,以及Cash App和Square生态系统之间的潜力,预计随着两个领域之间的整合加强,每个领域都有可能变得更强大[3]
Block: Buy The Opportunity
Seeking Alpha· 2024-01-30 15:54
Chainarong Prasertthai Introduction Block (NYSE:SQ). "A large solid piece of hard material, especially rock, stone, or wood, typically with flat surfaces on each side." Or at least that's the definition according to Oxford Languages via the first result from Google. The Block we're interested in on the other hand is a company that most will recognize as the owners of the largely successful Cash App - although their original business goal was to make credit card readers utilized by phones. But that's not all ...
Block Publishes First Commerce and Climate Survey and Announces Its Sustainable Banking Initiative, a $25M Investment Aimed at Promoting Sustainability Through Community Lending
Businesswire· 2024-01-30 01:05
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Today Block, Inc. (NYSE: SQ) announced the Sustainable Banking Initiative, a $25 million investment into helping decarbonize the economy and promote sustainability through community lending, alongside the company’s first Commerce and Climate Survey. Through deposits into Amalgamated Bank, National Cooperative Bank, and Community Bank of the Bay’s Bay Area Green Fund, Block’s $25 million commitment directly connects to the company’s purpose of economic ...