Cash app has become an increasingly popular way for retail investors to buy and sell stocks. With its user-friendly interface and zero commission trading, Cash app makes stock trading easy and accessible. This article will explore the best stocks to invest in right now on the Cash app platform based on factors like past performance, growth potential and overall financial health.
Square stock is a top pick for long-term growth potential
Square Inc (SQ) is the parent company of Cash App and one of the top stocks on the platform. The company has benefitted tremendously from the growth in digital payments and ecommerce. Square stock price has risen over 300% in the last 3 years, vastly outperforming the broader market. With strong revenue growth, high margins and innovative products like Cash App, Square stock remains a great pick for future growth.
Apple stock balances growth and stability
With Trillions in market capitalization and over $190 billion in cash reserves, Apple (AAPL) represents stability amidst market turbulence. The company continues to expand its iconic iPhone and Mac brands while growing new product lines like AirPods and Apple Watch. Apple stock may not have the explosive growth potential of younger tech stocks, but provides investors solid upside with lower risk.
AMC stock rides the meme stock wave
AMC Entertainment (AMC) has emerged as one of most popular meme stocks on Robinhood and Cash App. The movie theater chain was hit hard by the pandemic but has ridden a wave or retail investor enthusiasm to a 1500% one-year return. However, fundamentals remain challenging and AMC trades at extremely high valuation multiples. While further short term price spikes are possible, AMC stock comes with considerable downside risks for buy-and-hold investors.
In summary, Square, Apple and AMC stocks have been among the top performers on the Cash App platform. Square provides innovative fintech exposure and long term growth. Apple offers investors growth plus stability. And AMC allows traders to ride the meme stock price action, albeit with considerable risks.