2 Big Risks You Should Consider Before Investing in Block's Stock
Block's (NYSE: SQ) stock rose 25% during one week in November on the back of two pieces of great news. First, Block surpassed analysts' estimates for gross payment volume and adjusted earnings per share in its third-quarter 2022 report released on Nov. 3.
Second, the Bureau of Labor Statistics released October data on Nov. 10, leading experts to believe inflation had peaked. If that's true, it would be welcome news for investors because it theoretically means the date that the Federal Reserve begins lowering interest rates draws nearer. And lowering interest rates would significantly boost Block's results.
However, before you jump on the Block bandwagon and start buying, there are two risks that you should consider.
Source Fool.com
