MASTER CLASS- HIP TO BE SQUARE-
My dear friend Mr Mizuho came to me for dinner. He told me
Block upgraded to Buy from Neutral.
I said Dear Mr Mizuho you are so conservative are you sure a two step upgrade from Neutral all the way to Buy.
Yes that is so. Then he left before eating.
Square and The Holy Grail.-
"SQ remains uniquely positioned to achieve the 'holy grail' of creating a one-stop-shop network by connecting the point-of-sale, Cash App and buy now, pay later," Mizuho Securities analyst Dan Dolev said in a note to clients.
The Square consumer Cash App helps individuals manage money, buy stocks and cryptocurrency, and more. Cash App has 47 million monthly active users
Block acquired consumer lending firm Afterpay in 2022. It competes in the buy now, pay later market. This market offers consumer installment payment plans.
SQ Stock: Cash App Growth
"Our concerns over sustainability of Cash App revenue remain," Dolev added. "However, we applaud management's recent commitment to cost-containment."
In addition, Square management recently outlined a new long-term investment framework, which will put the company on the road to higher quality earnings under GAAP (generally accepted accounting principles) accounting rules.
Square stock has gained 19% in 2023 after tumbling 61% last year.
GBA UPGRADE SQ- @$74
Block, Inc. (SQ)
NYSE - Nasdaq Real Time Price.
73.98-1.11(-1.48%)
Square call volume above normal and directionally bullish 10:45 SQ Bullish option flow detected in Square with 23,228 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 61.30%. 3/31 weekly 79 calls and Jun-23 95 calls are the most active options, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 0.44. Earnings are expected on May 4th.
It is slightly out of the norm to have the most active contracts being so far away from the price.-- $95's-?
In its core business, SQ stock aims to build a two-sided digital payments ecosystem, with products designed for both merchant sellers and consumer buyers.
My dear friend Mr Mizuho came to me for dinner. He told me
Block upgraded to Buy from Neutral.
I said Dear Mr Mizuho you are so conservative are you sure a two step upgrade from Neutral all the way to Buy.
Yes that is so. Then he left before eating.
Square and The Holy Grail.-
"SQ remains uniquely positioned to achieve the 'holy grail' of creating a one-stop-shop network by connecting the point-of-sale, Cash App and buy now, pay later," Mizuho Securities analyst Dan Dolev said in a note to clients.
The Square consumer Cash App helps individuals manage money, buy stocks and cryptocurrency, and more. Cash App has 47 million monthly active users
Block acquired consumer lending firm Afterpay in 2022. It competes in the buy now, pay later market. This market offers consumer installment payment plans.
SQ Stock: Cash App Growth
"Our concerns over sustainability of Cash App revenue remain," Dolev added. "However, we applaud management's recent commitment to cost-containment."
In addition, Square management recently outlined a new long-term investment framework, which will put the company on the road to higher quality earnings under GAAP (generally accepted accounting principles) accounting rules.
Square stock has gained 19% in 2023 after tumbling 61% last year.
GBA UPGRADE SQ- @$74
Block, Inc. (SQ)
NYSE - Nasdaq Real Time Price.
73.98-1.11(-1.48%)
Square call volume above normal and directionally bullish 10:45 SQ Bullish option flow detected in Square with 23,228 calls trading, 1.2x expected, and implied vol increasing almost 4 points to 61.30%. 3/31 weekly 79 calls and Jun-23 95 calls are the most active options, with total volume in those strikes near 10,500 contracts. The Put/Call Ratio is 0.44. Earnings are expected on May 4th.
It is slightly out of the norm to have the most active contracts being so far away from the price.-- $95's-?
In its core business, SQ stock aims to build a two-sided digital payments ecosystem, with products designed for both merchant sellers and consumer buyers.
