1 Reason Square Is Beating the Market
Mobile payments innovator Square (NYSE: SQ) has been one of the top-performing financial stocks on the market, with an eye-popping year-to-date return of 90% through Monday's close. Since the company went public in November 2015, it has posted an annualized return of about 75%.
Those types of numbers will get any investor's attention, particularly in this type of market. But let's go inside the numbers to see why Square has been such a success story. It really boils down to one key reason that Square is beating the market.
Square started out making credit-card readers that allowed merchants to accept payments using their smartphones, and it has expanded as a provider of financial services, all focused on payments and transactions. The original card reader has expanded into Square Register, a point-of-sale digital terminal that allows contactless payments online or in-store. It also offers other payroll services for small businesses through Square Payroll; banking through Square Capital; and a website service called Square Online Store that allows merchants to easily create online storefronts and sell online.
Source Fool.com