3 Top Robinhood Stocks to Buy in February
Robinhood, the trading app that disrupted the brokerage industry with commission-free stock trades, has accumulated over 13 million users since its launch in 2015. Its growth accelerated throughout the pandemic, as stay-at-home measures and volatile markets attracted a new generation of aggressive traders.
However, the online trading platform was recently engulfed in controversy after it halted purchases of GameStop (NYSE: GME) and other heavily shorted stocks amid a historic short squeeze. Robinhood claimed it halted the trades due to volatility, but the move sparked a fierce backlash from its users and accusations of market manipulation.
Despite these recent setbacks, Robinhood's list of the 100 most popular stocks on its platform offers us valuable insights into the habits of its investing user base, which is thought to skew younger. Some of those popular stocks on the list, such as Virgin Galactic and Plug Power, are clearly speculative plays. However, three stocks on the list are widely considered solid investments for most investors: Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Visa (NYSE: V).
Source Fool.com
