The Newest Stock in the S&P 500 Has Soared 510% Since Its 2015 IPO, and It's a Buy Right Now, According to Wall Street

The S&P 500 (SNPINDEX: ^GSPC) is generally recognized as the most comprehensive measure of the U.S. stock market, made up of the 500 leading publicly traded companies in the country. Given the broad reach of the businesses that make up the index, it is regarded as the most reliable benchmark of overall stock market performance.To be considered for admission to the S&P 500, a company must meet the following criteria:Block (NYSE: XYZ) is the latest addition to the S&P 500, added to its ranks on July 23. That makes it one of only six companies to make the grade so far this year. Since its IPO in late 2015, Block has easily outpaced the market, generating gains of 510%, compared to a 206% increase for the S&P 500 (as of market close on Wednesday). The stock price gains have been fueled by an ever-expanding fintech ecosystem, as its revenue has soared 1,640%, while net income has jumped 867%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool