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The latest trading day saw Block (SQ) settling at $73.51, representing a +0.51% change from its previous close.
Although it had performed well in 2015 and beyond, this stock crashed heavily in 2022 as the company reported slowing growth and quarter after quarter of financial losses. Overextension into emerging markets, high inflation, and crypto winter stomped its stock price into the ground.
Recently, Zacks.com users have been paying close attention to Block (SQ). This makes it worthwhile to examine what the stock has in store.
Block, Inc. stock has outperformed expectations since I upgraded SQ to a Buy. Block is well-positioned for significant operating leverage growth as it scales and gains share. Block faces intense competitive headwinds. However, it has demonstrated its business model.
Here are two stocks that I think could explode in the second quarter.
There are three types of closed-end fund structures: perpetual, term, and target term. Term funds aim to minimize the discount at which the fund trades versus its share price. Today we have four funds that are nearing their completion dates. JPI, DCF, CBH, and IHTA. We'll go through them one-by-one. Term funds are similar to buying a discounted bond that is nearing its maturity. There are a few other risks that are involved here.
The latest trading day saw Block (SQ) settling at $78.51, representing a -1.84% change from its previous close.
Block Inc. has won over more investors lately as the company puts a greater focus on profitability and discipline, but a Morgan Stanley analyst isn't sold on the stock's prospects.
DISTRIBUTED-WORK-MODEL/OAKLAND, Calif.--(BUSINESS WIRE)--Block, Inc. (NYSE: SQ) will release financial results for the first quarter of 2024 on Thursday, May 2, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block's Investo.
Fintech stock Block Inc (NYSE:SQ) is 1.8% lower to trade $78.19 this morning, after Morgan Stanley issued a downgrade to "underweight" from "equal weight," along with a price-target cut to $60 from $62.