This story was originally published here.
Square (NYSE:SQ) is a company that has seen parts of its business challenged by the pandemic, while other parts thrived. Lockdowns closed many small businesses, impacting the company’s point-of-sale payment processing. Events like craft shows have been cancelled, cutting into the revenue generated by Square’s popular smartphone card readers.
At the same time, the reluctance to handle cash has driven up adoption and use of Square’s Cash app. The net result has been a big win for SQ shareholders, with Square stock up 254% so far in 2020.
SQ earns an “A” rating in Portfolio Grader. It’s in a strong position. But with Square stock posting that kind of growth in 2020, is it now overvalued?
I think there is more growth ahead for this innovative financial services company, and I suspect its Cash app is coming into its own to lead the charge.
Story continues here.
[BUY ALERT] Details on Four Altcoins With 10X Potential
I’ll keep this brief…
My new business partner and I have just found four altcoins that are poised for a major breakout.
We’re predicting these four altcoins will blow past the coveted 1,000% over the next 12 to 24 months.
And it’s all thanks to a massive technology upgrade called “The Awakening.”
Virtually every major corporation and government agency is investing billions to prepare for this Awakening.
I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few.
We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade.
And if you take a small stake right now, you may never have to worry about money again.
If you want to learn more about the Awakening and details on the four altcoins that could absolutely soar because of it…
Talk to you soon,
Senior Investment Strategist, InvestorPlace
P.S. If you watch the video all the way to the end, you’ll receive the name and ticker symbol to our favorite altcoin for free. Watch this recording while you still can.