Can Block's Expanding Merchant Network Push the XYZ Stock higher?

Block (XYZ) shares have appreciated roughly 5% in the past month and 12.7% in the past week, thanks to positive news flow, including an expanding merchant network for Cash App Afterpay, the launch of Square Handheld portable point-of-sale (POS) device, partnership with Domino’s and new Square banking tools.However, are these developments potent enough to push the XYZ stock higher this year? On a year-to-date (YTD) basis, Block shares are down 26.5% due to increasing competitive pressure and softness in cons ...