Diamonds and Dogs
Hip to be Square (SQ). The online payment system is up 8% today and has nearly tripled in the last year was upgraded today with a $125 price target. Speaking at Recode's Code Commerce 2018 event recently, Square's CFO, Sarah Friar, said the Cash App would begin to look more and more like a bank account while also exploring the option of using the app as an investment tool as well.
General Electric (GE) keeps dropping. The industrial conglomerate, which was bumped from the prestigious Dow Jones index in June, is down 2.6% to a nine-year low following news of a glitch in new power-plant turbine technology that temporarily shut two electricity plants in Texas. By now, the litany of GE's woes are all too familiar: too much debt, not enough growth, and getting kicked out of the Dow Jones Industrial Average.