Motley Fool Got 1 Out Of 3 Right

A recent Motley Fool article title,

3 Stocks You’ll Be Glad You Bought in 30 Years

had the following to say about Square, Five Below and Wayfair:

There are plenty of stocks that have turned a meager sum into six figures or more over the last 30 years. It can seem a daunting task to figure out what the next wealth-building stock is going to be, but I have found that the signs of tomorrow’s great companies are always in plain sight.

Multibagger stocks usually show two essential traits: fast revenue growth and an enormous addressable market to grow into. Three stocks that are demonstrating both characteristics right now are Wayfair (NYSE:W), Square (NYSE:SQ), and Five Below (NASDAQ:FIVE).

I think Wayfair will eventually get “Amazoned” and Five Below will someday become Ten Below, but

I agree with their pick on Square.  I’m also a bit bias because Square allowed customers buy and sell bitcoins via its Cash App beginning in April of last year.  But Square is no longer just a payment and point-of-sale solutions.  Square is starting to displace traditional money management and banking services through their services like payroll management, invoicing, and business loans from Square Capital.  The article put it best,

Square is starting to go after big banks by offering a sophisticated and convenient way for the underbanked to manage money.  And I believe the industry is just getting started with Square right in the mix of things.

After reaching a high of $100 back in October, price dropped to $50 in two months before retracing back to the $75 area.

The chart suggests to go long Square if price pulls back to the daily demand level at $65, with a first target at the opposing daily supply at $85.50.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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