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.
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