3 Popular Robinhood Stocks to Buy in October By StockNews


© Reuters. 3 Popular Robinhood Stocks to Buy in October

Robinhood (NASDAQ:) attracted significant attention from the millennials and Gen Z investors last year, owning primarily to its commission-free trading offering. Driven by the interest of such investors, Apple (AAPL), Microsoft (MSFT), and Pfizer (PFE) are positioned among the top 20 stocks on the Robinhood 100 list. Thus, we think these popular and fundamentally sound names could be solid buys this month. Read on.Last year’s pandemic-induced lockdowns and stay-at-home mandates led many people to take up securities trading as a hobby. As a result, the commission-free trading app Robinhood of Robinhood Markets , Inc. (HOOD) gained significant popularity, especially among Millennial and Gen Z traders.

Its popularity among first-time traders has helped Robinhood thrive. The company went public through a traditional IPO on July 29. Bolstered by its popularity, the company’s second-quarter revenue increased 131.5% year-over-year to $565.33 million. Furthermore, Robinhood reported 21.3 million monthly active users as of June 30.

The interest of HOOD investors in Apple Inc. (NASDAQ:), Microsoft Corporation (NASDAQ:), and Pfizer Inc. (NYSE:) is evidenced by these names’ placement within the top 20 stocks on the Robinhood Top 100 list. Considering their dominant market shares and strong fundamentals, we think these stocks could be solid additions to one’s portfolio now.

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Leave a Reply