Square (NYSE:SQ) stock has been on fire…what else is new? SQ has risen 57% in the past three months, 180% so far this year and 224% over the past 12 months. To say this has been a frustrating stock for bears would be an understatement.
Not long ago, Square’s market capitalization was less than $10 billion. Now its market cap is roughly $37 billion. Square stock has been on a run like few others, and eventually stocks that rally to that extent take a rest. Is Square next?
Let’s look at the charts first.
Trading SQ Stock
Top 10 Value Stocks To Watch Right Now: Artisan Partners Asset Management Inc.(APAM)
Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
Advisors’ Opinion:
- [By Demitrios Kalogeropoulos, Leo Sun, and Jamal Carnette, CFA]
Technology trends move quickly, but investors have to try to look past the cyclical demand to find businesses with enduring competitive advantages. With that broader focus in mind, we asked a few Motley Fool contributors to offer up stock ideas that look attractive over the long term. Read on to see why Garmin (NASDAQ:GRMN), Cisco (NASDAQ:CSCO), and Yandex (NASDAQ:YNDX) topped that list.
- [By Demitrios Kalogeropoulos]
Garmin(NASDAQ:GRMN) recently closed the books on a strong fiscal 2018 that marked its third straight year of rising revenue and improving profitability. That would be a notable result for any consumer electronics specialist, but it’s especially impressive considering Garmin had to adapt to big consumer demand shifts in fitness trackers and automotive GPS devices.
- [By Garrett Baldwin]
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Stocks to Watch Today: NKE, GRMN, FIT, FOSL, NAVI
Nike Inc. (NYSE: NYSE) is facing a public relations problem this morning and shares are off nearly 2%. Last night, Duke University star basketball player Zion Williamson was injured in the opening minute of a marquee game against the University of North Carolina. Williamson slipped while dribbling and his Nike shoe split apart, causing him to fall and injure his knee. The No. 1 ranked Duke Blue Devils, who were favorites against their rivals at home, were blown out after Williamson was forced to leave the game. The game was heavily televised, attended by celebrities and former President Barack Obama, and fetched ticket prices upwards of $10,000. Williamson is likely the No. 1 pick in the NBA draft this year. The company called the event an “isolated occurrence.” Shares of Garmin Ltd. (NASDAQ: GRMN) popped to an 11-year high thanks to a strong earnings report and forward guidance on Wednesday. The fitness and navigation device manufacturer reported that smartwatch sales are “on fire” from outdoor enthusiasts. The firm’s outdoor segment experienced a 25% jump in revenue for the quarter, while the firm hiked its 2019 revenue outlook and topped analysts’ expectations. The news helped boost shares of Fossil (NASDAQ: FOSL) and Fitbit (NYSE: FIT). Shares of Navient Corp. (NASDAQ: NAVI) slid 4.2% after hedge fund Canyon Capital withdrew its bid from earlier this week to buy the student loan servicing giant for $12.50 per share. The hedge fund announced it will now launch a proxy fight to replace many of the company’s board of directors. While this might be bad news for NAVI in the short term, there are still 1.5 trillion reasons to own this stock. Look for other earnings reports from Baidu (NASDAQ: BIDU), Barclays PLC (NYSE: BCS), Boyd Gaming (NYSE: BYD), Domino’s Pizza (NYSE: DPZ), Dropbox (NYSE: DBX), First Solar (NASDAQ: FSLR), Hewlett Packard Enterprise (NYSE: HPE), Kraft Hein - [By Demitrios Kalogeropoulos]
Garmin(NASDAQ:GRMN) recently announced robust sales and profit growth over the holiday shopping season, which allowed the GPS device specialist to trounce its financial targets for the year. The company also issued 2019 guidance that amounts to more gains in its headline operating metrics.
Top 10 Value Stocks To Watch Right Now: Shoe Carnival, Inc.(SCVL)
Shoe Carnival, Inc., together with its subsidiaries, operates as family footwear retailer primarily in the United States. It provides various dress, casual, and athletic footwear products for men, women, and children; and accessories, including socks, belts, shoe care items, handbags, jewelry, scarves, and wallets. As of January 30, 2016, the company operated 405 stores in 34 states and Puerto Rico. It sells its products through online shopping at shoecarnival.com. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
