The post Top Performing Cash App Stocks by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.
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Stock investing allows individuals to build wealth and receive cash flow from dividend-paying investments. Cash App, owned by Block Inc. (NYSE: SQ), is one place you can go to buy stocks and save up for retirement. The app lets you invest in stocks, but some stocks are better than others. This list details some of the best Cash App stocks for people looking to diversify their portfolios.
Quick Look at the Top Performing Cash App Stocks:
| Symbol | Company | % Change | Price | Dividend Yield | Invest |
|---|---|---|---|---|---|
| AAPL | Apple |
– 1.17%
|
$207.22 | 1 / 0% | Buy stock |
| NVDA | NVIDIA |
– 2.89%
|
$127.00 | 0.04 / 0% | Buy stock |
| SHOP | Shopify |
+ 1.96%
|
$65.13 | N/A | Buy stock |
| V | Visa |
– 0.58%
|
$275.22 | 2.08 / 0.01% | Buy stock |
| BAC | Bank of America |
– 1.28%
|
$39.48 | 0.96 / 0.02% | Buy stock |
| AMZN | Amazon.com |
+ 1.33%
|
$188.57 | N/A | Buy stock |
| AVGO | Broadcom |
– 4.21%
|
$1,661.60 | 21 / 0.01% | Buy stock |
| GOOG | Alphabet |
+ 1.71%
|
$180.75 | 0.8 / 0% | Buy stock |
| ADBE | Adobe |
+ 2.09%
|
$533.89 | N/A | Buy stock |
| ABNB | Airbnb |
+ 0.96%
|
$149.30 | N/A | Buy stock |
Table of contents
[Show]
Deep Dive
A diversified portfolio gives you more opportunities to increase returns and extra protection from downside risk. These Cash App stocks are some of the top choices to consider.
1. Apple Inc. (NASDAQ: AAPL)
Apple (NASDAQ:AAPL)
207.220
-2.46
[-1.17%]
Sell
Trade Now
207.11 – 211.89
164.075 – 220.2
210.39
15.33B
246.42M/65.51M
3,177.53B
15.33B
1/0.0048%
14.930
15.32B
Apple enjoys high profit margins from its iPhones, MacBook products, iPads, wearable devices and other offerings. The company is closing in on a $3 trillion valuation and is Warren Buffett’s largest holding. Apple’s board authorized a $90 billion stock buyback in Q1 2023.
2. NVIDIA Inc. (NASDAQ: NVDA)
NVIDIA (NASDAQ:NVDA)
127.000
-3.78
[-2.89%]
Sell
Trade Now
124.3 – 130.63
39.23 – 195.95
127.12
24.60B
655.48M/442.34M
3,123.99B
24.60B
0.04/0.0003%
0.940
23.56B
NVIDIA is a semiconductor company that finds itself in the center of the AI boom. Artificial intelligence tools need custom-made AI chips to operate smoothly, and NVIDIA is the top producer.
3. Shopify Inc. (NYSE: SHOP)
Shopify (NYSE:SHOP)
65.130
1.25
[1.96%]
Sell
Trade Now
63.41 – 65.19
45.5 – 91.57
63.81
1.29B
8.20M/10.55M
83.91B
1.29B
/0%
0.000
722.63M
Shopify is an e-commerce company that provides small businesses and large corporations with online stores. Shopify has an app store filled with valuable resources that make it difficult for businesses to part ways with the e-commerce giant.
4. Visa Inc. (NYSE: V)
Visa (NYSE:V)
275.220
-1.6
[-0.58%]
Sell
Trade Now
274.58 – 277.54
224.98 – 290.96
277.17
2.01B
14.79M/7.07M
554.16B
2.01B
2.08/0.0075%
21.700
1.57B
Visa is a bellwether stock that investors use to gauge the economy’s health. The credit card company enjoys profit margins between 45% to 55% in most quarters.
5. Bank of America Corp. (NYSE: BAC)
Bank of America (NYSE:BAC)
39.480
-0.51
[-1.28%]
Sell
Trade Now
39.37 – 39.905
24.96 – 40.31
39.855
7.82B
72.25M/36.22M
308.75B
7.82B
0.96/0.024%
32.410
6.78B
Bank of America is the second largest bank by market cap and is deemed by the Federal Reserve as “too big to fail.” The company was a big winner during the Silicon Valley Bank failure, bringing in an additional $15 billion in deposits within days as consumers put their money in larger, more established banks. It’s a safe name in banking that provides more certainty than regional banks.
6. Amazon Inc. (NASDAQ: AMZN)
Amazon.com (NASDAQ:AMZN)
188.570
2.47
[1.33%]
Sell
Trade Now
185.86 – 189.275
118.35 – 191.7
187.8
10.41B
72.93M/38.41M
1,962.38B
10.41B
/0%
0.000
9.28B
Amazon has several business segments wrapped into one entity, but the company got its start in e-commerce. While e-commerce is Amazon’s claim to fame, Amazon Web Services (AWS) makes up the majority of the company’s profits.
7. Broadcom Inc. (NASDAQ: AVGO)
Broadcom (NASDAQ:AVGO)
1661.600
-72.96
[-4.21%]
Sell
Trade Now
1651.42 – 1713.999
795.09 – 1851.62
1695.66
465.49M
10.00M/3.03M
773.46B
465.49M
21/0.0121%
84.880
404.09M
Broadcom is another semiconductor stock set to benefit from the rising demand for artificial intelligence (AI) tools. The company produces AI chips and other semiconductors that are vital for everyday devices and products. Broadcom also enjoys healthy profit margins, which have supported generous dividend hikes.
8. Alphabet Inc. (NASDAQ: GOOG)
Alphabet (NASDAQ:GOOG)
180.750
3.04
[1.71%]
Sell
Trade Now
178.06 – 182.5117
115.83 – 182.08
178.49
12.36B
59.73M/18.98M
2,233.71B
12.36B
0.8/0.0045%
0.000
0.00K
Alphabet (Google) is the leader in online advertising and has a dominant presence in the industry. The company lets business owners promote their products and services on Google’s search results and in YouTube videos. Google has initiated cost-cutting measures to expand profit margins.
9. Adobe Inc. (NASDAQ: ADBE)
Adobe (NASDAQ:ADBE)
533.890
10.94
[2.09%]
Sell
Trade Now
524.715 – 535
433.97 – 638.25
530.31
448.00M
6.61M/3.52M
239.18B
448.00M
/0%
0.000
447.33M
Adobe creates, maintains and updates software products that increase productivity and help businesses serve their audiences. Adobe’s recent ventures into AI have helped the company attract new customers. Firefly has been a hit and allows users to generate commercially safe images with AI tools.
10. Airbnb Inc. (NASDAQ: ABNB)
Airbnb (NASDAQ:ABNB)
149.303
1.4229
[0.96%]
Sell
Trade Now
147.25 – 150
113.235 – 170.1
148.76
634.84M
7.65M/3.82M
94.78B
634.84M
/0%
0.000
436.40M
Airbnb lets hosts list rooms and housing units on the app to accommodate guests. The company earns a percentage of each sale without having to own properties and manage all the upkeep. Airbnb is a profitable company with double-digit revenue and earnings growth.
Is Cash App Safe for Stocks?
Cash App is a safe place to buy stocks. The app uses data encryption and multiple security locks to keep your account and assets safe. Users also receive push notifications when their accounts are in use, making it easier to detect and respond to fraud.
How Do You Buy Stocks on Cash App?
Cash App users can add funds to their accounts via bank account transfers. It’s also possible to do banking with the Cash App and direct paychecks into your account. Once you have cash in your account, you can go into your brokerage account and buy stocks.
Other Top Brokers for Buying Stocks
Cash App is an all-in-one solution for people who want to more effectively manage their finances. However, Cash App is not the only choice for stock investing. These are some of the other top brokers to consider.
Claim Exclusive Offers
get started
securely through Plus500’s
website
82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.
Best For
- Traders looking for a smooth mobile experience
- Great mobile app
- Low spreads and commissions
- Unlimited demo account
- Only derivatives are available
- Not open to U.S. residents
get started
securely through Interactive Broker Primary’s
website
Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
Best For
- Access to international markets
- Active traders
- Detailed mobile app that makes trading simple
- Wide range of available account types and tradeable assets
- IB SmartRouting provides significant price improvement vs. industry
- Fractional trading allows investing regardless of share price
- Industry’s lowest margin rates
- Earn more by lending your fuly-paid shares
- Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
get started
securely through public.com’s
website
Public is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.
Today, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q&As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research.
Best For
- Stock and ETF investors
- Crypto investors
- Investors looking to diversify with alternative assets or bonds and options
- Commission-free stock and ETF trading
- Fractional share investing
- Advanced data, tools, and insights with Public Premium
- You can’t transfer crypto to another wallet
- No mutual funds or precious metals
- At this time, only offers individual brokerage accounts and not IRAs
get started
securely through Moomoo’s
website
Investing is a long-term journey, and moomoo can help guide investors of all levels every step of the way. Utilized by over 21 million users worldwide – including in the US, Singapore, Australia, Japan, Malaysia and Canada – moomoo is an investment and trading platform that empowers investors with pro-grade, easy-to-use tools, data and insights.
moomoo provides advanced charting tools, technical analytics and Level 2 data for funded accounts, so investors have the resources to make more informed investment decisions. Users can access educational materials and interactive events, as well as share and learn through the inline community.
With a low-cost, competitive fee structure, moomoo can work for all investors.
Best For
- Novices
- Intermediate and advanced traders
- Active traders
- Equity and index options trading
- Commission free trading for US options, stocks and ETFs and 6.8% margin rate
- Wealth of free options tools and features, including customizable options chain, options calculator, unusual options activity, implied volatility analysis, 13 options strategies and 0 days to expiration (0DTE) options by volume
- Free Level 2 data for funded accounts
- Advanced charting tools with 100+ indicators, 37+ drawing tools and 20 candle patterns
- No minimum deposit to open an account
- 24/7 online chat support
- 5.1% APY in Cash Sweep program for new and qualified users
- Does not support crypto
- Does not support retirement accounts or mutual funds
get started
securely through Webull’s
website
Webull entered the public sphere in 2017 as a prime competitor to the mobile brokerage platform app Robinhood, the OG of commission-free trading. Since then, most major brokers have eliminated commissions on equities, but Webull has remained ahead of the curve with its affordable and efficient services. Want to learn more about what this innovative app has to offer? Keep reading Benzinga’s Webull Review to learn more.
Best For
- Active traders
- Technical traders
- Moderate to advanced investors
- Commission-free trading of stocks, ETFs and options
- High-quality charting and analysis tools
- Cash, margin and IRA accounts
- Platform can be difficult to navigate
- Crypto trading requires a separate app
- Limited customer service options
Frequently Asked Questions
Is it better to invest with Cash App or Robinhood?
Cash App and Robinhood both offer perks. Investors should consider what they want from their investing experience and see which company better matches up with their objectives.
Answer Link
Can you make money on Cash App stocks?
You can make money on Cash App stocks. Investors can buy and hold or sell stocks once they reach optimal exit prices.
Answer Link
How long does it take to make money from stocks on Cash App?
Investors can make money instantly from some stocks, and it can take several months or years for other stocks to become profitable. It depends on which stocks you pick and when you invest in them.
Answer Link
Best Cash App Stocks Methodology
The methodology for picking Cash App stocks focused on top stocks with large market caps that are among the top leaders in their respective industries. Companies also needed to be profitable to make the list.
The post Top Performing Cash App Stocks by Marc Guberti appeared first on Benzinga. Visit Benzinga to get more great content like this.