Saturday, September 21, 2019

9 of the Most Popular Stocks on Robinhood

Robinhood is an app that lets you trade stocks for free with no minimum deposit. For your weekend reading, below is an article from last week's U.S. News Invested that discusses its 9 most popular stocks.  Enjoy your weekend. 


U.S. News & World Report
Invested
Advice, rankings and stock market news for investors.
Sept. 12, 2019

TODAY'S BIG IDEA

9 of the Most Popular Stocks on Robinhood

Robinhood is a popular app that lets you trade stocks for free with no minimum deposit. In just six years. Robinhood amassed 6 million users, surpassing E-Trade Financial (ticker: ETFC) by user count.

Robinhood has democratized access to the stock market and offers some insight into the most popular stocks with millennial investors. Here’s a look at the nine most widely held stocks on Robinhood, in reverse order:

9. Advanced Micro Devices (AMD). Chipmaker AMD, a rival of the fast growing Nvidia Corp. (NVDA), rocketed from $2 a share to over $30 a share between 2016 and 2018 on the heels of strong gaming chip demand and soaring sales driven by booming cryptocurrency demand.

8. Cronos Group (CRON). Cronos is a Canadian marijuana stock that’s more analogous to a cannabis investment fund than anything else. More than 21% of CRON shares are sold short by investors, a huge percentage of outstanding shares. There's nothing wrong with taking the occasional flyer on pot stocks, but just know the risk involved first. – John Divine

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