Replies to post #1238 on Block Inc (SQ)

[Scotttrader80]

Do you think Cramers nod is a catalyst to SQ's continued drive north?

Shares of Square Inc. (SQ) are shooting higher Wednesday, up 4.25% to $54.04, and to new 52-week highs. Being compared to Amazon.com, Inc. (AMZN) will do that to a stock. That's precisely what the analysts at Nomura Instinet did, TheStreet's Jim Cramer said on CNBC's "Mad Dash" segment. Nomura analyst Dan Dolev explained that "little of Square's future revenue streams are currently visible," much like Amazon in its early days. Years ago, little did we know that Amazon would become a powerhouse in two-day shipping, cloud computing, online advertising and voice recognition, among other categories. Likewise, Square has more up its sleeve than just collecting transaction fees from merchants.

https://finance.yahoo.com/m/b11c248b-90ac-3b20-9002-3e7e4a846ee7/ss_will-square-spike-18%25-and-be.html