1 Top Robinhood Stock That Investors Should Avoid
Robinhood clients seem to have a penchant for low-priced stocks. Five of the 10 most popular stocks on the newbie-friendly trading app as of Monday's market close were priced around $15 or less per share. But investors should know that a low share price doesn't make a stock a good value.
If you have $100 to invest, you don't need to put it all in a $10 stock just so you can own 10 shares. One share of a $100 stock will have the same effect on your portfolio -- and so will $100 worth in fractional shares of a higher-priced stock. Rather than focus on share price, investors should instead think about the business and its prospects.
One stock in Robinhood's top 10 that looks like it's attractive just for its low share price is action camera company GoPro (NASDAQ: GPRO). But there's another outdoor recreational technology company that has stronger fundamentals and better prospects: Garmin (NASDAQ: GRMN), which became famous for its mobile GPS products more than 20 years ago and has been staying ahead of the curve ever since.
Source Fool.com
