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My Top Stock Pick for 2019

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Now that 2018 is over, it’s time for investors to pick up the stocks that have been battered over the latter half of the year and that are bargains today. One stock in particular that has gotten my attention and that is my pick for the year is Square Inc(NASDAQ:SQ). The stock has declined more than 40% in the past three months after hitting a peak of over $100 a share.

Admittedly, I thought I may have missed the boat on the stock which I believed showed a lot of promise. After all, it’s an easy solution for a merchant that wants to process debit and credit card payments without the hassle of dealing with a costly credit card terminal. Instead, the Square reader is a very easy and convenient device that can allow you to accept payments just about anywhere. The simplicity of the device and market potential for the product is what has always made very excited for the company’s future.

Square continues to grow and has recently turned a profit as well. Getting an opportunity to buy it again at less than $60 seems like a deal that might be too good to be true. The stock is an easy pick for me because I can see it at least reaching its previous highs of over $100, and that gives it a lot of upside.

Over the long term, this could be a very tempting acquisition target by one of the big credit card processors as Square has the potential of making a very big dent in their market share.

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