Block Inc (XYZ) Options

$XYZ down here much better than $80's $90's deeply oversold
By: John Wayne | February 26, 2025

• $XYZ down here much better than $80's $90's deeply oversold.



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Block Australia shares slide on weak Q4 earnings
By: Investing.com | February 23, 2025

Block Inc (NYSE:XYZ) shares fell sharply in Australian trade on Monday, tracking declines in their U.S. peers after the payments firm clocked weaker-than-expected fourth-quarter earnings.

Block’s 2025 guidance also largely failed to impress, sparking a steep decline in its U.S. shares on Friday.

This spilled over into Australian trade on Monday, with shares (ASX:XYZ) sliding as much as 13% to A$108.09 in Sydney trade. Broader Australian markets were flat, with the ASX 200 trading sideways.

Block’s earnings per share for the December quarter were 71 cents, less than street estimates of 87 cents. Revenue of $6.03 billion also came in below expectations of $6.29 billion.

Profit growth in Block’s Cash App business- its main revenue earner- fell to 16% in Q4 from 25% a year earlier. The company is grappling with heavy competition in the digital payments space, amid an increased push into the sector from tech giants including Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL).

Block is also facing a decline in consumer spending, amid concerns over slowing economic growth, high inflation, and policy uncertainty over U.S. President Donald Trump’s trade policies.

Block’s push into the Buy now pay later sector is expected to drive the company’s next leg of growth, especially after it acquired Australia’s Afterpay in 2022.

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$XYZ If this can close a red-to-green move, I like it a lot
By: TrendSpider | February 3, 2025

• If this can close a red-to-green move, I like it a lot. $XYZ



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$XYZ Stuck the landing today, let's see if this breakout has any legs
By: TrendSpider | January 29, 2025

• Stuck the landing today, let's see if this breakout has any legs.



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Block (XYZ) The daily chart shows XYZ forming a bull flag after reclaiming the 50-day EMA, supported by a bullish MACD cross...
By: TrendSpider | January 26, 2025

• Block, formerly Square, changed its ticker to XYZ on January 21, 2025, reflecting its diverse ecosystem, including Cash App, Afterpay, and TIDAL. The daily chart shows XYZ forming a bull flag after reclaiming the 50-day EMA, supported by a bullish MACD cross. Price has since consolidated on a large volume shelf, threatening a breakout. A measured move puts the price in the neighborhood of $120/share—roughly 30% above Friday’s close of $88.



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US state regulators fine Block Inc $80 million for insufficient money laundering controls
By: Investing | January 15, 2025

WASHINGTON (Reuters) - Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering through its mobile payment service, Cash App.

The multi-statement settlement would also see the fintech firm bring in an independent consultant to review its Bank Secrecy Act and anti-money laundering program, and report back to the states on any deficiencies. The company has also agreed to take corrective actions internally, according to the Conference of State Bank Supervisors, which announced the settlement.

In a statement, a Block spokesperson said the issues were principally related to Cash App's prior compliance program, and the company has significantly increased investment in compliance and risk management.

"We share our regulators’ commitment to addressing industry challenges and will continue to invest across our operations to help promote a safe and healthy fintech ecosystem," the spokesperson said.

Block's mobile payment platform, Cash App, had 56 million monthly users as of December 2023, according to recent public filings. The app saw over $248 billion in inflows in 2023.

The state regulators did not offer specifics about the shortcomings, but simply said they had identified issues with the company's compliance program.

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Block, Inc. announces plans to change ticker symbol from $SQ to $XYZ
By: TrendSpider | January 9, 2024

• Block, Inc. announces plans to change ticker symbol from $SQ to $XYZ

...bullish?



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$SQ testing liquidity zone again...
By: Peter DiCarlo | January 9, 2025

• $SQ testing liquidity zone again

Weekly price action rejected. I would let this sell off and wait for confirmation of a bottom.

This could be great in the coming months.



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Block $SQ There's a lot to like here
By: TrendSpider | January 4, 2025

• There's a lot to like here. $SQ.



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$SQ Let the SMAs catch up and then its back to our regularly scheduled programming
By: TrendSpider | January 3, 2025

• Let the SMAs catch up and then its back to our regularly scheduled programming. $SQ



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$SQ 6 years later: Same price, +638% more revenue
By: TrendSpider | December 23, 2024

• 6 years later:

Same price, +638% more revenue. $SQ



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Block $SQ - Market Movers
By: TrendSpider | December 22, 2024

• SQ is showing a notable shift in momentum after breaking through and retesting a resistance level that has capped its price for over two and a half years. Despite trading 69% below its 2021 ATHs, SQ has quietly delivered nine consecutive quarters of revenue growth, which now sit at record levels. If the retest holds, SQ looks ripe to transition into a Stage 2 uptrend as it outperforms the majority of the S&P500 on a quarterly basis.



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$SQ Don't fade the cloud
By: TrendSpider | December 9, 2024

• Don't fade the cloud. $SQ



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Block $SQ Monthly Chart vs. Quarterly Revenue Sleeping giant
By: TrendSpider | December 1, 2024

• $SQ Monthly Chart vs. Quarterly Revenue

Sleeping giant.



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Block $SQ pulling back on low volume into a key weekly pivot...
By: TrendSpider | November 30, 2024

• $SQ pulling back on low volume into a key weekly pivot...

It's either retest & go or a failed breakout from here.



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Cathie Wood & Ark Invest's Sells 110,712 Shares of Block Inc. (SQ)
By: Cheddar Flow | November 27, 2024

• Here's what moves Cathie Wood and Ark Invest made in the stock market today 11/27.



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Block Inc $SQ needs a weekly close above $90
By: TrendSpider | November 18, 2024

• $SQ needs a weekly close above $90.



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Kathy Baby, ya just lost 1.25 Million. Ya sold 1 day too soon. 😄

Cathie Wood & Ark Invest's Sells 232,063 Shares of Block Inc. (SQ)
By: Cheddar Flow | November 4, 2024

• Cathie Wood and Ark Invest's trade activity from today 11/4.





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Says the guy who keeps saying NVIDIA is going to go down. Why should we listen to you?

Cathie Wood & Ark Invest's Sells 243,549 Shares of Block Inc. (SQ)
By: Cheddar Flow | October 31, 2024

• Cathie Wood and Ark Invest's trade activity from today 10/31.



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THIS PIG IS SO OVER!!!!!!!!!!!!!!!!!!!!!!!!!1 MUAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

When a Managing Partner at Sequoia Capital (who is also a $SQ insider) buys the dip, it’s worth paying attention
By: TrendSpider | October 28, 2024

• When a Managing Partner at Sequoia Capital (who is also a $SQ insider) buys the dip, it’s worth paying attention.



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Not all insiders are created equal, but the ones with a good track record are worth watching: This one at $SQ bought aggressively back in November 2023 just before a massive run
By: TrendSpider | October 19, 2024

• Not all insiders are created equal, but the ones with a good track record are worth watching:

This one at $SQ bought aggressively back in November 2023 just before a massive run.

Fast forward to the August dip & they were back at it again, now up +35% just two months later.



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Miss Wood should be kicking herself bout now.

Cathie Wood & Ark Invest's Sells 23,473 Shares of Block Inc. (SQ)
By: Ark Invest Daily | October 17, 2024

• Cathie Wood and Ark Invest's trade activity from yesterday 10/16.



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Cathie Wood & Ark Invest's Sells 17,816 Shares of Block Inc. (SQ)
By: Ark Invest Daily | October 16, 2024

• Cathie Wood and Ark Invest's trade activity from yesterday 10/15.



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$SQ looks just about ready to follow in $PYPL's footsteps...
By: TrendSpider | September 30, 2024

• $SQ looks just about ready to follow in $PYPL's footsteps...



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Remember this $SQ insider buy from August 5th that we alerted a few weeks back? Already up +20% on his $25M position.
By: TrendSpider | September 1, 2024

• Remember this $SQ insider buy from August 5th that we alerted a few weeks back?

Already up +20% on his $25M position.



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$SQ Right shoulder forming?
By: TrendSpider | August 17, 2024

• $SQ Right shoulder forming?



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Insiders buy for one reason and one reason only...
By: TrendSpider | August 16, 2024

• Insiders buy for one reason and one reason only...

Because they think the stock will go up. $SQ



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$SQ Board Member Buying the Dip Again. Insider Botha Roelof purchased $25,000,000 in shares this week
By: TrendSpider | August 9, 2024

• $SQ BOARD MEMBER BUYING THE DIP AGAIN

Insider Botha Roelof purchased $25,000,000 in shares this week.

The last time he bought was in November 2023, right before a MASSIVE rally.



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Cathie Wood is all hype.

Cathie Wood & Ark Invest's Sells 440,647 Shares of Block Inc. (SQ)
By: Ark Invest Daily | August 6, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/6.







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Cathie Wood & Ark Invest's Sells 328,858 Shares of Block Inc. (SQ)
By: Ark Invest Daily | August 5, 2024

• Cathie Wood and Ark Invest's trade activity from today 8/5.



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Block $SQ nice move here. 70 then 74 next resistance levels
By: Options Mike | July 14, 2024

• $SQ nice move here.

70 then 74 next resistance levels.



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$SQ Wedge breakout + 200D SMA reclaim...
By: TrendSpider | July 12, 2024

• Wedge breakout + 200D SMA reclaim...

Not too shabby! $SQ



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Block $SQ Nice candle, maybe over 66 it's a long
By: Options Mike | July 7, 2024

• $SQ Nice candle, maybe over 66 it's a long

50D at 57.4 close



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Bull of the Day: Block (SQ)
By: Zacks Investment Research | July 5, 2024

With the Q2 earnings season set to ramp up following the fourth of July holiday, Block (SQ) is a tech stock that looks poised for a rebound leading up to its quarterly results in early August.

The innovative provider of point of sales solutions (POS) appears to be overlooked as SQ has now fallen -26% from its 52-week high of $87 a share in March.

Still, the expansive growth Block was able to display in Q1 is thought to have continued and strong financial results can of course lead to upward momentum for stocks.

Keeping this scenario in mind, Block’s stock currently sports a Zacks Rank #1 (Strong Buy) and is the Bull of the Day.

Q2 Sneak Preview

Investors are always looking for stocks that are expected to post robust quarterly growth and improved financial fundamentals and Block is on this radar.

Another quarter of double-digit top and bottom-line growth appears to be in the cards with Q2 sales projected to rise 13% to $6.29 billion and EPS projections of $0.75 would reflect a 92% increase from $0.29 a share in the comparative quarter.

Block is becoming a staple of the new American economy

Notably, Cash app's popularity has been the primarily catalyst to Block’s expansion along with hardware POS offerings such as its patented Square Reader machines with the company having a comprehensive commerce suite that fuels entrepreneurship by helping sellers grow their businesses.

CEO Jack Dorsey has also strived for other routes to keep up Block’s relevance and expansion from acquiring hip-hop mogul Jay-Z’s tidal music platform in 2021 to offering crypto-related services. In addition to develping a full bitcoin mining system Block provides a Bitcoin Hardware Wallet which offers storage for bitcoin holders.

Loosely speaking, Block may be a more affordable option for investors seeking exposure to bitcoin than Coinbase (COIN Quick QuoteCOIN - Free Report) while being a safter choice in regards to other crypto miners such as Marathon Digital (MARA Quick QuoteMARA - Free Report) or Riot Platforms (RIOT Quick QuoteRIOT - Free Report) . That notion is only magnified when considering Block’s diverse business operations along with the fact that the price of Bitcoin has soared in the last year and currently sits over $60,000.

Price of Bitcoin


Image Source: Microsoft Bing via Refinitiv

Growth Trajectory

Overall, Blocks total sales are projected to increase 15% in fiscal 2024 and are slated to expand another 12% in FY25 to $28.22 billion. More impressive, annual earnings are now expected to soar 73% this year to $3.11 per share versus $1.80 a share in 2023. Plus, FY25 EPS is projected to climb another 30% to $4.04.

Better still, Block’s stock is trading at 20.7X forward earnings and at 1.7X sales which are much more reasonable valuations than the stretched premiums it has commanded in the past.



Bottom Line

Block is once again becoming one of the most appealing business services companies to invest in at the moment. While it may be too soon to call Block’s stock an absolute steal at current levels, a sharp rebound looks justified considering the company’s attractive growth trajectory and innovative business offerings.

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$SQ has also been red just once in July since going public back in 2015...
By: TrendSpider | July 5, 2024

• $SQ has also been red just once in July since going public back in 2015...

Technicals & Seasonality starting to align here.



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What happen here?

$SQ Any month now...
By: TrendSpider | June 1, 2024

• $SQ Any month now...



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Cathie Wood & Ark Invest's Sells 210,591 Shares of Block Inc. (SQ)
By: Ark Invest Daily | May 14, 2024

• Cathie Wood and Ark Invest's trade activity from today 5/14.





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It's hip to be square

Cathie Wood & Ark Invest's Sells 110,334 Shares of Block Inc. (SQ)
By: Ark Invest Daily | May 13, 2024

• $SPX seemingly range bound between 0.75 and 1.0 std dev. Waiting to see signs of direction.





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Block (SQ) Stock Higher on Quarterly Beat, Forecast
By: Schaeffer's Investment Research | May 3, 2024

• The fintech company plans to buy more Bitcoin (BTC)

• Analysts and options traders are responding to the results

Fintech stock Block Inc (NYSE:SQ) is up 3.8% to trade at $72.98 at last check, after the company announced better-than-expected first-quarter earnings of 85 cents per share on $5.96 billion in revenue. In addition, Block revealed plans to buy more Bitcoin (BTC) and hiked its annual forecast.

Needham raised its priced target to $105 following the results, and TD Cowen adjusted up to $92, both of which are healthy premiums to SQ's current perch. The majority of analysts are bullish on the equity, with 29 of 37 in coverage recommending a "buy" or "strong buy."

Options traders are piling on as well, with 41,000 calls and 23,000 puts exchanged so far -- overall volume that is six times the intraday average amount. The most popular contract is the weekly 5/3 75-strike call.

On the charts, today's pop is losing steam at Block stock's 30-day moving average -- a trendline that acted as resistance for most of April. Nevertheless, the equity still boasts a more than 24% year-over-year lead, and added roughly 53% during the past six months.

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Block $SQ Just Reported Earnings: Double Beat
By: Evan | May 2, 2024

• SQUARE $SQ JUST REPORTED EARNINGS

EPS of $0.74 beating expectations of $0.73
Revenue of $5.96B beating expectations of $5.82B

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SQ reports 5-2 After close

Cpps at time of post 66.95

Market Chatter: Block Under Probe for Alleged Compliance Malpractices
10:46:23 AM ET, 05/01/2024 - MT Newswires

10:46 AM EDT, 05/01/2024 (MT Newswires) -- Block (SQ) is said to be under probe for alleged compliance lapses at its Square and Cash App units, NBC News reported Wednesday, citing two unnamed sources familiar with the matter.

NBC said prosecutors from the Southern District of New York are looking into the company's documents and internal practices after a former employee disclosed certain malpractices within the group. According to the former employee, Block collected insufficient information for Square and Cash App customers' risk assessment, Square processed thousands of transactions involving countries with economic sanctions, and Block processed cryptocurrency transactions for terrorist groups.

The former employee provided about 100 pages of supporting documents to NBC and said Block did not correct the processes when informed of the transactions, the report added. NBC said a second source familiar with the company's practices and monitoring programs backed the former employee's allegations.

According to NBC, a Block spokeswoman said the company voluntarily reported the transactions described by the former employee to the Office of Foreign Assets Control under the US Treasury and that the company maintains a "responsible and extensive compliance program."

Block did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Block $SQ Not a bad setup to keep your eyes on heading into next week
By: TrendSpider | April 26, 2024

• Not a bad setup to keep your eyes on heading into next week. $SQ



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