3 Ultra-Popular Robinhood Stocks That Are Screaming Buys
Over the past year, retail investors have thrived off volatility. We know this because online investing app Robinhood, which offers commission-free trades and gifts free stock to new members, gained approximately 3 million new users in 2020. That's noteworthy, given the average age of Robinhood's user base is only 31.
In simple terms, heightened volatility has acted as an insatiable lure to young and/or novice investors. They interpret these wild swings and the market's record-breaking bounce-back from a bear market as a sign that they can get rich quick. Unfortunately, a short-term focus on equities rarely pays off in the end.
As a result, Robinhood's leaderboard --i.e., the 100 most held stocks on the platform – is predominantly a mishmash of penny stocks, momentum plays, and dart throws.
Source Fool.com
