Robinhood, an online brokerage launched in 2015, has become a sensation with individual investors. It pioneered zero-commission trading and fractional ownership of stocks, making it simple for anyone to invest, even with just a few dollars.
But are Robinhood's users choosing great stocks? We asked three Motley Fool contributors to take a look at the most commonly held stocks in Robinhood portfolios and to share their favorite picks from among them. Their choices: Starbucks (NASDAQ: SBUX), Apple (NASDAQ: AAPL), and Ford Motor Company (NYSE: F).
Jon Quast (Starbucks): The COVID-19 pandemic has forced restaurant chains to adapt or die. Businesses in the food-service industry are currently prioritizing things like off-premise sales, contactless payment, and digital ordering -- and doing so out of necessity. But these moves also make restaurant operations more efficient and profitable even when there's not a health crisis. That may help explain why Starbucks is prioritizing its digital channels now and doubling down on them for the future.
Source Fool.com