Companies with lots of cash and no debt have a big advantage in the market. Not only can cash be a lifeline when the market goes south, it can be deployed to buy back stock, acquire competitors, or pay a dividend. In this video, Travis Hoium covers four stocks with lots of cash that could come in handy in the future.
*Stock prices used were end-of-day prices of Aug. 31, 2023. The video was published on Sept. 3, 2023.
Find out why Airbnb is one of the 10 best stocks to buy now
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Travis Hoium has positions in Airbnb, Coinbase Global, and Zillow Group. The Motley Fool has positions in and recommends Airbnb, Coinbase Global, Zillow Group, and Zoom Video Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.