2 Bad Robinhood Stocks You Should Avoid
Robinhood is an app and website that offers commission-free investing, an its users typically focus on growth stocks and investments that can deliver strong results, especially in the short term. That's why many popular stocks on Robinhood today include banks, marijuana businesses, and travel companies -- some of the more speculative investments amid a recession and the coronavirus pandemic. Robinhood investors are willing to take a chance on a stock if there's a great return possible.
Today, I'll look at two stocks that are ranked high on Robintrack, a website that continuously tracks the most popular stocks on Robinhood. These two are simply bad buys, stocks that aren't likely to generate strong returns if you invest in either today. Netflix (NASDAQ: NFLX) is No. 27 on Robintrack and OrganiGram Holdings (NASDAQ: OGI) is currently No. 45. Neither should be ranked as high as it is today, and I'll look at why.
Netflix has a strong and growing business built around quality streaming content without the need for cable. It's led many consumers to cut the cord and just opt for a Netflix subscription along with their internet service to reduce their bills (the company's most affordable streaming subscription is $9.99 a month).
Source Fool.com
