3 Proven Stocks Robinhood Investors Are Buying Left and Right
Robinhood has certainly found itself in the spotlight in 2020. Young investors have flocked to the platform in record numbers this year, particularly in the wake of the record volatility that plagued the market earlier this year.
There were roughly 6 million new online trading accounts opened during the first half of the year, according to Barron's, and Robinhood was responsible for half of those. There were 4.3 million transactions processed by Robinhood during the month of June, outpacing every other brokerage platform. To put that number in context, it was nearly quadruple that of competitor E*Trade, which was recently acquired by Morgan Stanley.
While traders using the app have made some downright questionable investment choices, there are also many high-quality stocks on the list of the most popular Robinhood stocks. Let's look at three of those top choices and why other investors should consider stocking up on these companies, as well.
Source Fool.com
