Here's My Top Robinhood Stock to Buy Right Now
The stock market has recovered its losses from the coronavirus pandemic, led by FAANG stocks like Amazon that barely missed a beat during the crisis. But with these companies trading at such high valuations, investors seeking more value-oriented stocks might feel left out. But anyone seeking gains at a lower price can start by checking out Walmart (NYSE: WMT).
Walmart is a popular stock on Robinhood, an investment app that's caught on with millennials because of its low fees and user-friendly platform. The company publishes a list of its 100 most widely held stocks, which can be a good resource for investors looking for their next big idea. Walmart is my top choice from this group because of its modest valuation, competitive advantage, and compelling long-term growth drivers. The company is poised to outcompete e-commerce rivals because its extensive logistics network gives it an advantage in last-mile delivery.
Let's dig in.
Source Fool.com
