Top 5 Apps with High Zacks Ratings to Invest in 2021
Investing in the stock market can seem overwhelming, especially for beginners. But with the advancements in digital technology, you can now easily invest in stocks through various apps. With over 6,000 publicly traded companies in the US alone, how do you choose which companies to invest in? This is where Zacks ratings come in – it helps you identify companies with strong stocks, making it easier to invest. In this article, we will discuss the top 5 apps with high Zacks ratings to invest in 2021.
1. Robinhood
Robinhood is a popular investing app with a user-friendly interface that makes investing easy for beginners. The app offers free trades, which makes it accessible for people with small amounts of money to invest. Robinhood also has a Zacks Rank #1 (Strong Buy) rating, which indicates that it’s likely to outperform the market over the next 1-3 months.
2. Charles Schwab
Charles Schwab is a well-established brokerage firm with over 12 million accounts. The app offers commission-free trading on US-listed stocks, ETFs, and options. The app has a Zacks Rank #2 (Buy) rating, which signifies that it’s expected to outperform the market over the next 3-6 months.
3. Fidelity
Fidelity is another trusted brokerage firm that has been around for decades. The app offers commission-free trading on stocks, ETFs, and options with no minimum investment. Fidelity has a Zacks Rank #1 (Strong Buy) rating, indicating that it’s expected to outperform the market over the next 1-3 months.
4. E-Trade
E-Trade is a well-known brokerage firm that offers a full range of investment options to choose from, including stocks, mutual funds, and bonds. The app has a Zacks Rank #2 (Buy) rating, indicating that it’s expected to outperform the market over the next 3-6 months.
5. TD Ameritrade
TD Ameritrade is a popular investing app that offers commission-free online trades on stocks, ETFs, and options. The app has a Zacks Rank #3 (Hold), which suggests that it’s expected to perform similarly to the market over the next 6-12 months.
In conclusion, choosing the right investment app with high Zacks ratings is imperative when investing in the stock market. The apps mentioned above offer excellent investment options for various types of investors, whether you’re a beginner or a seasoned investor. However, it’s important to remember that investing in the stock market comes with risk, and due diligence is needed before making any investment decisions. Always consult a professional before investing your hard-earned money.
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