Square Inc. (SQ) Stock
Is Now The Time To Own
Square Inc. (SQ)?
Square, Inc. (SQ) posted its quarterly earnings data on Tuesday, February 23rd. The firm reported revenue of $3.03 billion, up 139.6% on a year-over-year basis.
Cash App, the mobile payment service developed by Square, had more than 36 million monthly transacting active customers, up more than 50% year-over-year.
Cash App generated $344 million of subscription and services-based revenue during the fourth quarter, up 113% year over year.
For the full year of 2020, Cash App subscription and services revenue was $1.16 billion, an increase of 125% compared to the full year of 2019.
Based on its year-over-year SQ is a great date. I strongly recommend you maintain these stocks as long-term holds.
One of the tenets of the Wealthy Investor program is that we consistently choose stocks with growing top-line revenue, along with a story that Wall Street likes. For clarification, when I say "a story that Wall Street likes," I'm referring to selling or marketing a product that is innovative and creates revenue in untapped segments of the worlds economy.
Take a look at the five-year chart below, and you’ll see that this stock is posed for tremendous growth.
Square, Inc. (SQ) Five-Year Chart
Square, Inc. (SQ) is in the unique position of being a stock we can trade for monthly income or invest in for long-term growth.
If you'd like to see my other top stock picks and follow my weekly trading advice, click below to start your membership at witradeschool.com.
In episode seven of Wealthy Investor TV, Wealthy Investor student David Bruce discusses how he went from Los Angeles real estate agent to a successful stock market trader.
In WI Trade School I teach you three major strategies that work consistently in up and down markets. They are:
Covered Call Writing: Covered call writing allows any investor to generate $500 to $5,000 per month.
Dividend Capturing: Institutional investors collect millions of dollars per quarter collecting dividends on Dow components like Home Depot, Verizon and Disney.
Volatility Trading: Volatility allows you to purchase a stock and program a sell order in your online trading account which will sell the stock once the price rises a specified amount. As stock prices change throughout the day, you’re making money while you are out enjoying your life.
Yes, you can be a wealthy investor if you get started right now.
* DISCLAIMER: Stocks and options trading involves risk and is not suitable for every investor. The stocks and options prices vary and, as a result, clients may lose or gain from their original investment. Stock illustrations posted on TheWealthlyInvestor.net web site are for illustration purposes only. Your personal results as a trader/investor may vary.
