Is Block Stock a Buy?

Look around you, and you'll quickly see many trends shaping the global economy. A popular tailwind that continues to power the world forward is the proliferation of digital payments. And Block (NYSE: SQ) is a business that is at the forefront of this push.

Despite its disruptive potential, the fintech stock has been a letdown for investors. It's down 20% in the last 12 months (as of Feb. 2), which is discouraging given the Nasdaq Composite index has risen 32% during that time.

It's time to remain optimistic and have a contrarian perspective. Here's why investors should take a closer look at Block shares as a smart portfolio addition.

Source Fool.com