Block: Let It Ride On S&P Inclusion?
Main Idea
The author previously initiated a Buy rating for Block, Inc. (NYSE:XYZ) based on two main ideas, and discloses personal investment positions in BTC-USD, XYZ, and SOL-USD.
Key Points
1. The author last wrote about Block, Inc. (NYSE:XYZ) over three months ago, initiating coverage with a Buy rating.
2. The Buy rating was based on two main ideas, though the specifics are not detailed in the provided content.
3. The author discloses a beneficial long position in BTC-USD, XYZ, and SOL-USD through stock ownership, options, or other means.
4. The author is not receiving compensation for the article other than from Seeking Alpha and clarifies they are not an investment advisor.
Description
Summary Block, Inc. stock surged over 46% since my initial Buy call, fueled by S&P 500 inclusion and receding Ark Invest sell pressure. Despite 9% YoY gross profit growth, Block faces slowing growth trends and margin compression in key segments, raising concerns about future profitability. Stablecoins present a credible long-term threat to Block’s core business, though current disruption remains limited to DeFi rather than mainstream payments. After the recent rally and valuation expansion, I’m ...
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