Does Square Belong in Your Portfolio?
Square (NYSE: SQ) is a unique company. On one hand, it's a digital payments network that has been deeply affected by the pandemic. As the economy gradually reopens and recovers, Square and the myriad merchants that rely on its services will recover too. But on the other hand, Square is a top financial technologist that has gotten a big boost in the last year from social distancing, remote work, and the like -- and all of the changes in the economy that have ensued.
A year from the start of the pandemic, Square's stock is up some 160%. A great deal of expected growth is priced in, but this stock deserves to be a part of growth investors' portfolios.
Square divides its business into two basic segments: Its namesake seller ecosystem that works primarily with merchants, and the more consumer-oriented Cash App.
Source Fool.com
