This payments company is expected to grow its EPS by 53.76% annually over the next five years.
Square, Inc. (SQ)
From Shortex Market Letter
Resiliency of the market echoed by the rush of smart money, institutionals, hedge funds and investors pouring large sums into: ETF, Dow Industrials /SPDR/, Ishare Bond ETF (core US Treasury), Ishare small cap ETF.
Could it be that the markets are being priced for perfection and that investors have become complacent? Unexpected dilemmas and events can always rattle/bypass the market as stocks concluding with their worst week in months. Being manifested with hedge funds, investors traders placing bets with put options on the belief that the virus worries, economic data and geopolitical events could end the winning streaks.
Investors /traders should focus on the corporate Q-2 record earnings of $52.26B and record profit margin of 13.6% with revenues and earnings remain at high 80%. The Dow Jones Industrial /^DJI/ consisting of 30 companies earnings weighted average of $1,484.00 with P/E of 25 could visit 37,100. Applying the same technique towards S&P 500 /^GSPC/ which consists of 11 sectors with weighted average earnings of $191.00, P/E of 24 could visit 4,584.00.
Square, Inc @ 264.78
Down from 276.20. Building a trading base (261-264). Add to long positions. Retain same stop loss of 243.
Volatile
Joseph Parnes, Shortex Market Letter, shortex.com, 800-877-6555, August 18, 2021