Square-Falls 9% on concerns of ‘overlooked credit risk’ 10-9-18

SQ-Square Inc

SQ-Square Inc

Square falls 9% on concerns of ‘overlooked credit risk’

As payments start-up Square starts to act more like a traditional bank, one analyst is worried about its ability to handle the same credit risks.

Shares of the San Francisco-based company closed 8.5 percent lower Monday after BTIG analyst Mark Palmer raised concerns about its exposure to credit markets, which he says could be accelerated by its most recent small business lending product.

“The market appears to be overlooking any risks to the company’s business model, and credit risk in particular,” Palmer said in a note to clients Monday.

cnbc.com/square-falls-10percent-on-concerns-of-overlooked-credit-risk

Square Stock, Visa, Mastercard, PayPal Fall As Payments Sector Sells Off
investors.com/news/technology/square-stock-sq-price-target-2/

SQ Square Inc 10-9-18

SQ Square Inc 10-9-18

Today's Trade of the Day | 10-9-18

Interesting setup in TWTR Twitter Inc today. Although the stock remains in bearish order flow, we are calling for an explosion in volatility, but not calling direction. After 5 days in a tight trading range, I am game planning to set alerts at $27.75 or $29.25. Looking for a 2 day trade and exit on the close of the second day. 

TWTR Twitter 10-9-18

TWTR Twitter 10-9-18


Stocks to Trade | Tuesday Edition 10-9-18

Bullish Cash Flow Trades: CBS, OMC, TSN, STZ, WBA, KHC, DLTR, PZZA

Bearish Cash Flow Trades: sq, aa, tndm, ntnx, wll, dbx, splk, gds, tsla, crm, adbe, pyplntap, v

New 20 Day Breakout: aa, arwr, nynx, wll, splk, crm, adbe, pypl, ip, v, ma, amzn

New 20 Day Breakdown: OMC, STZ, D, PM, LLY

Double Normal Volume: sq, pypl, crm, arwr, splk

Become a Better Trader. Get Notified.

Tape Reading the SPY ETF

SPY ETF Chart 10-9-18

SPY ETF Chart 10-9-18

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Richard Branson says Virgin Galactic will be in space for test flights ‘in weeks not months’
cnbc.com/richard-branson-space-virgin-galactic-weeks-not-months

Apple Stock Falls As Investor Warns About China Threat
investors.com/news/technology/apple-stock-china-threat-david-einhorn/

Exclusive: Microsoft’s $7.5 billion GitHub deal set for EU approval – sources
reuters.com/microsofts-7-5-billion-github-deal-set-for-eu-approval

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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