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BLOCK INC

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SQ trade ideas

Will SQ ever add BTC to it's balance sheets?I, and most people I know use cash app, right?! Jack Dorsey, CEO of SQ, has long been a Bitcoin Maxi. Notice how CashApp only deals in BTC, and not those alt-coins that you can just create out of thin air. Dorsey regularly speaks at BTC conferences and was even seen wearing a Satoshi shirt on two back2back SuperBowls. Even looking at CashApp as a place to get your direct deposit, have a cash card, and a separate savings account with 4.5%; it makes all the sense to not be bullish on SQ. I mean, my personal bank I've been using for years (TD) offers a savings account rate that starts with a decimal. (0.05%). The bonus offers like 4% here and 5% back there can all add up at the end of a calendar year. There's no monthly fee to keep an account with them either. The price is ranging atm, between $53 and $90 per share. If Dorsey can come out and add BTC to its balance sheets to generate profit AND to fulfill future customer demands, I think SQ can peg itself to the 2024-25 bull run and take off. We shall see.
NYSE:SQLong
by zainnaqvi23
SQUARE ($SQ) bullishIn the weekly chart of Square, a significant pattern known as the Reverse Head & Shoulders has emerged, signaling a potential bullish reversal in the stock's price trajectory. This pattern typically consists of three troughs, with the middle trough (the head) being lower than the surrounding peaks (the shoulders). In the context of Square's chart, this pattern suggests a shift from a bearish sentiment to a bullish one. Analysts interpret this formation as a sign of accumulation by investors and a possible trend reversal. The projected target for the potential upward movement indicated by this pattern is approximately a 90% gain, with the stock price potentially reaching around $140. If this pattern were to materialize as anticipated, it could signify a significant opportunity for investors to capitalize on the expected upward momentum. However, it's crucial to consider other factors such as market conditions, company fundamentals, and broader economic trends before making any investment decisions. As always, investors should conduct thorough research and consult with financial professionals to make informed choices aligned with their investment goals and risk tolerance.
NYSE:SQLong
by engwicht
Block (NYSE: $SQ) Announces Job Cuts Amid Economic UncertaintyBlock Inc., (NYSE: NYSE:SQ ) led by Jack Dorsey, has announced plans to trim its workforce by 112 jobs on March 30th, as part of its efforts to streamline operations and reduce costs amidst economic uncertainty. The fintech giant's decision to downsize has sparked discussions about the broader challenges facing the tech industry and the strategies companies are employing to adapt to changing market dynamics. The move, disclosed under the Worker Adjustment and Retraining Notification (WARN) Act, underscores Block's commitment to adjusting its operations in response to prevailing economic conditions. With concerns over high-interest rates and market instability looming large, companies across various sectors, including tech giants like Amazon, Alphabet, and Microsoft, have resorted to layoffs as a means of cost-cutting and restructuring. Block ( NYSE:SQ ), which also owns the music streaming platform TIDAL, initiated job cuts in January as part of its ongoing efforts to streamline its workforce. The company's decision to reduce its headcount comes amidst scrutiny from short-seller Hindenburg, which took a short position on the company last year, alleging discrepancies in user numbers and customer acquisition costs. Despite facing challenges and skepticism from investors, Block ( NYSE:SQ ) remains focused on its long-term strategic objectives. The California-based payments firm has committed to reducing its workforce from just over 13,000 employees at the end of the third quarter to 12,000 by the end of 2024. Additionally, Block ( NYSE:SQ ) has announced plans to embark on a broader cost-savings program aimed at enhancing operational efficiency and driving sustainable growth. Block Inc., ( NYSE:SQ ) shares surged after the payments company reported results and first-quarter expectations that exceeded analysts’ estimates. Block ( NYSE:SQ ) reported full-year adjusted earnings before interest, taxes, depreciation and amortization of $1.79 billion, beating its own guidance of $1.66 billion to $1.68 billion. The company said it expects adjusted Ebitda of $570 million to $590 million for the first quarter, higher than analysts’ estimates of $514.5 million. Fourth-quarter operating expenses rose 20% to $2.16 billion.
NYSE:SQLong
by DEXWireNews
SQ Bullish outlook why? Bull Case for SQ ! Fundamentally its a very strong stock that has fair value at 80+ Tehnically there are multiple bullish cases 1) it is bouncing off a fib golden pocket retracement 2) it is making simple HH and HL as per dow theory 3) if it breaks above 72 level then it will be breakout from a very long bear trend Entry @ 73 keep in mind it might retest 71 level of decending bear trend line once it retest the outside of the bearish trend line and move upwards again then its confirmation of movement until 81 at least TP @ 81 tp2 @ 89 tp3 will keep running
NYSE:SQLong
by vortexTradingSolutions