For the most part, growth stocks have had a really good 2019 as stabilizing global economic conditions have converged on plunging rates to create an ideal investment backdrop for long duration assets. The iShares S&P 500 Growth ETF (NYSEARCA:IVW) is up more than 20% year-to-date. But one growth stock that has come up short in the big 2019 rally is Square (NYSE:SQ) stock.
Source: Jonathan Weiss / Shutterstock.com
In 2019, SQ has struggled with competition concerns and slowing growth trends against the backdrop of a rich valuation — a combination which has ultimately resulted in SQ stock rising only 12% year-to-date and being down 30% over the past year.
Will the struggles in SQ stock continue? I don’t think so. At $60, the