2 Top Robinhood Stocks to Buy Right Now
Sports betting is hugely popular with young people. Bleacher Report, a subsidiary of AT&T's Warner Media, estimates that 1 in 3 millennial sports fans places bets. And sports betting companies Penn National Gaming (NASDAQ: PENN) and DraftKings (NASDAQ: DKNG) rank high on millennial-friendly Robinhood's list of its top 100 stocks. Let's explore the reasons these companies could make great investments.
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Penn National Gaming is a casino and horse race track operator expanding into sports betting and online gambling. While the company still faces near-term challenges -- the coronavirus pandemic is lowering visitor traffic to traditional casinos -- its long-term outlook remains strong. The company plans to capture sports betting market share by integrating the recently acquired digital media community Barstool Sports into its operations.
Source Fool.com
