3 High-Risk Robinhood Stocks Investors Shouldn't Touch With a 10-Foot Pole
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. While the Dow Jones Industrial Average is still down about 3% so far in 2020, the S&P 500 is up about 4%, and the tech-heavy Nasdaq Composite is up an impressive 22%.
At the same time, the Robinhood investing app, which launched in 2015, has become immensely popular, particularly with younger, inexperienced investors. While some of these investors' favorite picks are certainly worthy of consideration, others are high-risk and should be avoided at all costs.
Let's look at three of the most highly traded stocks on the Robinhood app over the past month that are extremely risky and that investors should steer far clear of.
Source Fool.com
