Is Block Stock a Buy?
The S&P 500 might be up 12% in 2024 (as of Aug. 2), but not all businesses have benefited. Shares of Block (NYSE: SQ) are down 22% this year, and in the past five years, they have declined 25%.
Despite that disappointing performance, investors might see an opportunity to add the company to their portfolios. Is Block a smart buy for your long-term portfolio?
Since it's founding in 2009, Block has found success by blending financial services and technology, otherwise known as fintech. It has registered tremendous growth over the years as it rapidly brings on customers.
Source Fool.com
