2 Stocks That Offer Explosive Potential Returns
2020 has been a wild ride for investors. The Dow Jones Industrial Average, which is an index of 30 top stocks, had its biggest point drop ever in March, and as of this writing is flat year to date. Many companies have completely recovered from their March lows, and some have even seen huge gains. But have no fear, you can still add huge gains to your portfolio if you buy shares of Square (NYSE: SQ) and Etsy (NASDAQ: ETSY).
If Square only offered tools for the small business angle it started out with, it would be a growing company. It created the original little white card reader that makes it easy for small businesses to swipe credit cards through a smartphone or other device, and it built on that with a large suite of small and medium business tools. Square now provides an ecosystem of financial and operational solutions all in one place.
But it has expanded with Cash App and a trading platform that are fueling high growth. Cash App users increased to 30 million in June and active transacting users grew to 7 million. Square considers Cash App a separate and whole ecosystem with various features such as cash card, bitcoin trading, and direct deposit, in addition to its foundation of peer-to-peer trading.
Source Fool.com
