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Robinhood News


Former Indian Prime Minister Indira Gandhi once said, "Popularity is not a guarantee of quality." She was exactly right. And her statement is applicable to investing as much as it is anything else. For example, there are plenty of stocks that rank among the most popular on the Robinhood trading platform that aren't high-quality investments.

In just a few short years, the no fees stock trading app, Robinhood, has grown to over 13 million users. Many of these users are Millennials and for many of those, this was their first brokerage account. What is powering this growth? For one, it is a super easy to use mobile app.
Wooster Daily Record

Robinhood, a free app offering commission-free trading of stocks, options, and more, has attracted a lot of attention in recent months. Many investors who use it seem drawn to specific names, and they're not necessarily stocks that receive a lot of coverage.
3 Stocks Robinhood Investors Love
Motley Fool

Robinhood is raking in more money than ever on customer trades as new investors flood the stock market during the pandemic. Despite not charging customers to trade, the Silicon Valley start-up made $180 million off trades in the second quarter - roughly double from the prior year, according to a recent Securities and Exchange Commission regulatory filing.

Amir Rasian certainly can brag about his portfolio. Thanks to big wins like Tesla ( TSLA) and Gan ( GAN), he's up more than 25% just this year - easily topping the average U.S. mutual fund's 2% loss and the flattish S&P 500. But Rasian isn't a professional money manager.
Robinhood Investors Are Charging Into Stock Investing; What Could Go Wrong?
Investor's Business Daily

It's been a year of record highs and lows for trading App Robinhood. The highs? A massive influx of new users. Robinhood has emerged as the top trading app in a market with stiff competition as Americans flock to the app to make an extra buck - or gamble, now that casinos and sports are on hold.

One of the most active platforms for trading penny stocks lately is Robinhood. The mobile-ready app has gamified the way people trade. It also grew its user-base dramatically larger with the onset of coronavirus. Whether you support it or are a staunch opponent of it, Robinhood and penny stocks have gone hand-in-hand this year.

Are you a new investor who joined D-Street in 2020, and are planning to invest in the market for the long-term? If yes, the time is ripe to start your investing journey.Data suggests that more than 5 million demat accounts were added across brokerages in 2020, and most of the new-age investors, also known as, Robinhood investors are between 25-40 years.

A quick glance of the most popular exchange-traded funds among Robinhood users doesn't reveal much in the way of surprises. iShares, Vanguard and State Street (SPDR), the three largest domestic ETF issuers, combine for 81.6% of ETF assets held on the popular trading platform. That's roughly in line with the approximately 85% of all U.S.

Stock trading is no longer the exclusive club of the old, rich and financially astute. Whether it is down to an ever increasingly astute consumer or lockdown boredom, the amount of people taking to direct equity trading platforms is fuelling widespread debate.

Robinhood is joining the growing list of financial institutions hiring in and moving to the Dallas-Fort Worth area. Earlier this year, Charles Schwab announced it wass moving its headquarters to Westlake after acquiring TD Ameritrade and Fidelity Investments announced plans to hire 300 employees in North Texas.
Fast-Growing Trading App Robinhood Invests in Southlake Expansion, Plans Hires
dallasinnovates.com

If COVID has solidified one thing, it is that playing the market must be democratic. And as always in a democracy, people get what they deserve: That means we are seeing tons of amateur investors pour into the market, skewing sentiment away from fundamentals.
Robinhood Investors Have A New Favorite Oil Stock
Yahoo Finance

Point72 has reached out to other trading platforms and investing apps in a hunt for new trading signals, according to people with direct knowledge of the outreach. The requests came just hours after popular trading app Robinhood restricted access to an API that showed what stocks were most popular among its users.

North Texas is about to get an investment from one of the hottest fintech services. Silicon Valley's Robinhood is opening an office in Southlake amid growing popularity with its app, according to a blog post on its website.

This year will go down in the books as one that saw both the fastest and most brutal bear market decline in history, followed by an equally stunning recovery. Just months after the pandemic-induced sell-off that dominated the financial headlines in late February and early March, each of the major indexes has recovered most, if not all, of the losses.

Robinhood, a financial services company known for offering commission-free investing, is expanding into Southlake. The online broker announced the news on August 11, also including Robinhood would also hire in Arizona. Robinhood stated on its blog that, "this year we plan to hire hundreds of additional registered financial representatives in Southlake, Texas, and Tempe, Arizona."
Robinhood Announces Expansion Into Southlake
Southlake Style

Stock brokerage app Robinhood is one of the hottest startups in the fintech world. And yes, the company has had little trouble raising a substantial amount of capital. For its latest funding, Robinhood stock fetched a valuation of $8.6 billion. The company also recently landed on CNBC's Disruptor 50 list, with a rank of 46.

The number of "zombie stocks" - companies whose cash flow can't cover the interest on their debt payments - is surging. Zombie stocks currently account for 15.1% of publicly-traded companies, a record high. An apocalypse is inevitable - and it could annihilate your Robinhood portfolio.

Robinhood is a popular trading app that lets investors trade stocks, options, ETFs, and cryptocurrencies without paying commissions. The trading app has seen skyrocketing growth since it launched in 2013 and currently has more than 13 million users.
NOK: 3 "Buy Rated" Stocks on the Robinhood 100 Under $10
StockNews.com














InvestorPlace

