2 Popular Robinhood Stocks to Avoid in September
New retail investors are pouring into the stock market at an unprecedented rate, and the commission-free trading app Robinhood is at the forefront of this trend. The app has become highly popular among novice investors because of its low fees (if any) and user-friendly interface. And those relative newcomers often flock to the same subset of stocks.
But not every popular Robinhood stock is worth buying. Indeed, some of the companies in that list could drag down your portfolio. For example, the risks of investing in Carnival Coportation (NYSE: CCL) and Lyft (NASDAQ: LYFT) seem to outweigh the rewards because of their cash-burning business models and the headwinds they face from coronavirus-related challenges to the economy.
Source Fool.com
