4 Most Popular Stocks on Robinhood Right Now
Robinhood seems to have an unending popularity with the rising demographic of younger investors looking to get involved in the stock market. One of the features that the investment platform offers is to keep an updated list of the 100 most popular stocks based on how many users own positions in those stocks. The companies on this list offer an interesting insight into the investment strategies and interests of these new investors.
Here are the four most popular stocks listed on Robinhood as of July 21.
Ford (NYSE: F), like most auto companies, is in a confusing spot. The car company has had relatively stagnant revenue over the last few years, and the pandemic and ensuing shutdown did not help the case. Revenue fell 15% year over year in the first quarter to $34.3 billion, with a net loss of $2 billion compared to net income of $1.1 billion in the year prior. With second-quarter results due on July 30, investors will get to see the full brunt of the damage caused by the economic shutdown.
Source Fool.com
