Investing in stocks on Cash App can be rewarding but also risky. With over 7,000 stocks to choose from, it can be overwhelming finding ones likely to outperform. However, by researching company fundamentals, technical analysis, and market sentiment, retail investors can increase their chances of investing in winning stocks. This article provides tips and stock ideas for those looking to trade equities on Cash App.
Focus on Large-Cap Growth Leaders
Many of the top performing stocks in recent years have been large cap companies disrupting their industries like Apple, Microsoft and Google. Cash App offers fractional share investing, making these stocks affordable. Analyze their financials for revenue and earnings growth.
Find Stocks With Strong Technicals
Use charting analysis to find stocks trending higher with increasing volume. Cash App includes basic technical indicators like moving averages. Find stocks above their 50 and 200 day moving averages.
Leverage Analyst Sentiment Data
View analyst ratings on Cash App to find stocks with recent upgrades. Many platforms also share the percentage of analysts with bullish/bearish sentiments. Preference stocks with rising earnings estimates.
Diversify Your Portfolio
While high growth stocks can provide strong returns, balance your portfolio with stocks providing steady dividends and more defensive sectors like consumer staples.
By leveraging analysis around growth, technicals, sentiment and allocation, retail investors can build a winning stock portfolio on Cash App. Consider large-cap innovators along with dividend payers and defensive names.