This Disruptor Could Be the Best Buy in This Bear Market
Wall Street seems to have forgotten about financial technology company Block (NYSE: SQ). The stock is down 75% from its highs and has given up all of its gains since COVID-19 began. However, just because the market is sleeping on Block doesn't mean you have to as well.
The company's grown into a sprawling conglomerate with two robust product ecosystems, all working within a massive global financial sector worth trillions of dollars. Here's why Block might be one of the best investments you can make during this market downturn.
Block started under its former name, Square; its mobile payment terminal was its flagship product. Today, Block has become far more complex. The company has two primary ecosystems: Square offers a variety of software and hardware tools for operating businesses, and Cash App allows for payments and digital banking.
Source Fool.com
