Down 74% from Highs, This Growth Stock is Still a Screaming Buy
As earnings season heats up, many companies that have been clobbered over the past year are reporting strong quarterly earnings. One company in this boat is Block (NYSE: SQ), which has fallen more than 74% from its all-time highs. However, it continued to report strength in its core businesses in the first quarter of 2022, which was reported on May 5.
Block is one of the leading fintech platforms for both consumers and small and medium-sized businesses (SMBs). The company was hurt by Bitcoin this quarter, but Block's bread and butter -- fintech products for sellers and consumers -- continued to execute. With the impressive strides it made this quarter, I think investors should take advantage of these lowered valuations and add some shares today.
Source Fool.com
