In Thursday's Blitz Daily with Lance Ippolito, we take a look at fintech company Block — formerly known as Square — as Apple aims to enter the digital payments space.
Wednesday saw Block continue its three-month slide, dropping as much as 5.5% on the day. All told, Block has dropped a staggering 60% since late October 2021.
Back in December, the firm rebranded from Square to Block, announcing it would expand into the cryptocurrency space. The move was in part a response to Apple’s move into phone-based payments tech.
So with the tech king set to report earnings after the bell Thursday, bearish bettors are jumping into position to make Block’s loss their gain!
And if you’re looking for bullish bets, you’re in luck. I have two more top trades including an intriguing long-term tech bet….
Every single day, right around 3 p.m. EST, a stock market anomaly forces Wall Street to start bleeding cash…
This 3 o’clock “Burn Window,” as Joy of the Trade Head Trader Jeff Zananiri calls it, has allowed traders to potentially buy low and sell high, sometimes just 18 hours later.
Now he’s getting ready to reveal exactly why these massive opportunities happen — and how anyone can start taking advantage of them right away.
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