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These stocks are going to keep rising even if the market falls

Square (SQ)

I’ve been a big fan of Square over the past months and even own it in my own account. Part of the current excitement about Square is that it can now be used as a wallet for cryptocurrency and can easily be used to facilitate Bitcoin transactions. That begins to make Square’s product go from a product for business owners to a product for all consumers. The consumer market is obviously many times larger, so it’s not surprising to see SQ shares rise, nor is unexpected to see shares trade at a very high multiple (forward P/E: 70.)

SQ

Chart courtesy of www.stockcharts.com

Symbols: , , , ,

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.