3 Stocks Robinhood Investors Can't Get Enough Of
Robinhood Markets operates its namesake stock brokerage platform, an app that's extremely popular with younger investors. One of the cool things Robinhood provides is a list of the top 100 stocks held in its brokerage. While this list is no longer presented in any particular order, it's still fascinating to see what the most widely held stocks are.
ContextLogic (NASDAQ: WISH), GoPro (NASDAQ: GPRO), and Zynga (NASDAQ: ZNGA) are three consumer-goods stocks that Robinhood investors can't get enough of. These three companies have vastly different businesses, but I have a theory on why these stocks are popular: They're cheap.
But scooping up inexpensive shares isn't a winning strategy by itself, as we'll see. That's why I believe investors would be smart to ignore ContextLogic and GoPro and instead buy Zynga for the long term. Here's why.
Source Fool.com
