2 Dirt-Cheap Robinhood Stocks that Could Skyrocket
Based on trading patterns, it appears that some investors who use the Robinhood investing platform are interested in beaten-down companies that could soar back to life. It's a risky strategy, but it can deliver life-changing returns if things go as planned.
Let's explore the reasons why two widely held stocks on the platform -- General Motors (NYSE: GM) and Virgin Galactic (NYSE: SPCE) -- could potentially skyrocket by pivoting to new growth opportunities.
With a share price of $53 at the time of writing, General Motors has recovered substantially from its 52-week low of $14.33 a share. But with a market cap of just $75 billion, the stock still looks dirt cheap when compared to its electric-vehicle manufacturing rivals. The market might be underestimating GM's electric vehicle opportunity, and shares could surge as the business picks up speed.
Source Fool.com
