Square (SQ) Stock Update May 2018
Is Now The Time To Own
Square Inc. (SQ)?
In 2017, Square Inc. ended with $2.2 billion in annual revenue.
On May 2nd, 2018, Square Inc. reported its first quarter earnings. Historically, Wall Street expects credit card processors to report their sales volume before earnings. Square Inc.'s sales volume at the end of Q1 grew 31% to $17.8 billion year over year. The company's net revenue was $307 million.
Because of its innovative marketing strategies, Square Inc., has quietly become a darling stock on Wall Street. Its quarter over quarter, along with annual revenue growth, has caused the stock over the last five years to go from a low of $8.70 to a May 2018 high of $54.
As a result of all this good news, I would recommend Square, Inc. stock as a strong buy for members of the Wealthy Investor program.
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 two-year and five-year charts below, and you’ll see that this stock is posed for tremendous growth.
Square, Inc.(SQ) Two-Year Chart
Square, Inc. (SQ) Five-Year Chart
