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Technology Stocks Block, Inc. (formerly Square)

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From: AmigaComputer	6/27/2019 1:31:39 AM
	of 66

Square Capital, Square's business loan division for their point-of-sale system customers, has now loaned nearly $4.5 billion dollars since their inception 5 years ago. The average loan is now about $6,500.

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From: AmigaComputer	6/28/2019 12:15:29 AM
	of 66

The moment Square bought Weebly the inevitable collision course between Square and Shopify was cast. For those unfamiliar, Weebly and Shopify make it possible for small businesses to set up an e-commerce website quickly. Remember GeoCities? Same thing, but wrap it in a theme for shops (e.g. a checkout cart). The idea has been done before -- many times in fact -- but the me-too idea is here again with a shinier presentation...that's Shopify/Weebly in a nutshell. To combat the move, Shopify has recently begun selling POS hardware to allow small traders to accept credit card payments, a core business of Square. The competition is getting fierce in the fintech industry.

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From: AmigaComputer	6/28/2019 5:29:22 PM
	of 66

As of June 2019, Square shares have risen about 28%. From positive survey results of Cash App users, debit cards for small businesses, and several of the company’s other nascent product offerings, investors have grown markedly optimistic.

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From: AmigaComputer	6/29/2019 10:10:16 PM
	of 66

I don't see Square going about $100 in 2019 despite significant inroads in their Cash App and Square Capital. Most analysts still predict its continued growth this year and some even have it return to the triple digit zone, but due to Shopify, PayPal, and now Google starting to take serious aim at Square i am not as bullish as i was at the start of the year that they would climb above a Benjamin.

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From: AmigaComputer	7/1/2019 1:19:47 AM
	of 66

Instinet analyst Dan Dolev has come out with a "Buy" rating on the stock, which should see the stock rise this week. He set the new stock price target at $100. This boost is due to a survey conducted on 260 cash app users where those making $50,000 or less rated the app favorably.

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From: AmigaComputer	7/2/2019 9:22:59 PM
	of 66

Second-quarter earnings to be released on Aug. 7 and this report could make or break the year's gains. I still feel SQ's future is going to be a roller-coaster for some time, but long-term it seems like a big winner.

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To: AmigaComputer who wrote (8)	7/2/2019 11:23:50 PM
From: MBMRESEARCH	of 66

Square is failing against Visa.

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From: AmigaComputer	7/4/2019 1:39:37 AM
	of 66

Bitcoin deposits are now possible in its Cash App. The company already allows its users to buy, sell, and transfer Bitcoin but now it appears Square is rolling out the ability to accept incoming deposits as well.

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From: AmigaComputer	7/7/2019 12:28:55 PM
	of 66

Venmo, PayPal's highly successful person-to-person payment app, has been very popular among millennials so they can send money to friends, split a restaurant bill, or pay a roommate's portion of the utilities. But Square's Cash app has continued to show growing popularity with downloads topping Venmo since last year. Total downloads for Square Cash is 56.1 million while Venmo sits at 49.7 million, currently. This is the largest gap betten the rivals so far. And it doesn't look like it is going to change any time soon. Demographically, Square seems to hit at a very desireable target: low-income customers who typically make less than $50,000 per year. These users tend to under-bank and so Square Cash could be more disruptive to existing services like prepaid credit card than PayPal currently is. A study showed that more than 80% of Cash App customers use prepaid cards while nearly half (45%) admitted to using these cards less after finding the Cash app.

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From: AmigaComputer	7/11/2019 11:45:23 PM
	of 66

Shares are 40% higher year-to-date and while SQ stock is finally getting back to their February highs, it is nice to see they are becoming more technically sound and showing excellent bullish patterns. Could be good signs for investors looking for this stock to push even higher.

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