With 2023 underway, many investors are looking for the best stocks to invest in on Cash App this year that have strong growth potential. Cash App has become an increasingly popular investing platform, especially for younger and new investors looking to trade stocks commission-free right from their phones. When searching for top stocks on Cash App in 2023, investors should look for companies with solid fundamentals, innovative products and services, and stocks with consistent trading volumes and decent volatility. Focusing on stocks across diverse sectors can also help mitigate risk while taking advantage of high-growth opportunities.
Focus on large-cap stocks with steady growth and dividends
Many of the top stocks on Cash App tend to be large-cap, blue-chip companies that have shown consistent revenue and earnings growth over the years. Stocks like Apple, Microsoft, JPMorgan Chase, Johnson & Johnson, and Coca-Cola are available on Cash App and make appealing long-term investments for those seeking stable growth and healthy dividend payouts. These established companies have durable competitive advantages, strong cash positions, and histories of profitability that help make them lower-risk investments likely to deliver steady returns.
Seek out emerging and disruptor stocks with rapid growth
In addition to large-cap stocks, growth-oriented investors should also consider some of the emerging disruptor stocks on Cash App that offer more explosive upside potential. Stocks like Tesla, Nvidia, Moderna, and Etsy have been top performers in recent years thanks to hypergrowth trends and market-leading positions in key sectors like EVs, AI, biotech, and e-commerce. Though higher risk, stocks like these can deliver outsized returns for investors who get in during the early phases of their growth cycle.
Focus on actively traded stocks with good liquidity
When investing through Cash App, it’s important to target stocks that have consistent daily trading volumes and active options markets. Stocks that trade millions of shares per day and have narrow bid-ask spreads are easier to trade profitably via Cash App compared to less liquid small caps or penny stocks. Actively traded stocks like Apple, Tesla, AMC, Microsoft, and Ford generally have the liquidity needed for most Cash App investors.
Diversify across market sectors to mitigate risk
A diversified portfolio of stocks across different sectors helps reduce risk while still allowing investors to target stocks poised for outperformance. Cash App offers stocks across tech, communications, healthcare, finance, consumer goods, energy, real estate, utilities, and more. Constructing a balanced portfolio with a mix of stocks representing these varied sectors can help smooth out volatility while still providing exposure to leading growth industries.
Take advantage of in-app research tools and zero-commission trades
One of the best aspects of investing via Cash App is the ability to instantly buy and sell stocks completely commission-free. This allows traders to nimbly take profits and cut losses without worrying about trading fees. Cash App also provides users access to news, stock charts, earnings reports, and analyst ratings right within the mobile app interface. Leveraging these resources and trading tools while actively managing positions in the best stocks can help Cash App investors maximize returns.
In 2023, Cash App investors should target large-cap stocks with steady dividends, emerging disruptors with hypergrowth potential, actively traded stocks with good liquidity, and a diverse mix of stocks across sectors. Leveraging the app’s zero-commission trades and built-in research tools allows traders to optimize their strategy.