Blitz Daily: Square’s Acquisition Sends Wall Street Bulls Charging
In Monday’s Blitz Daily with Lance Ippolito, we’ll take a look at digital payments company Square after it capped off a solid earnings report with a strategic acquisition.
Square Inc. shares were met with strong buying at the opening bell Monday after beating earnings estimates over the weekend. But what really has Wall Street buzzing is the announcement of its agreement to buy Australian fintech company Afterpay.
Square believes the purchase will appeal to younger cash-strapped buyers with its interest free installment loans. Wall Street is in agreement, with buyers helping catapult shares to new 52-week highs, up more than 13.5% from Friday’s close. Likewise, the options are seeing big — and I mean BIG — call buying.
And that’s not the only chain seeing a massive spike in volume... I have two more options plays traders need to know about. See for yourself…
Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
0 Response to "Blitz Daily: Square’s Acquisition Sends Wall Street Bulls Charging"
Post a Comment