Forget AMC and GameStop: 1 Popular Robinhood Stock to Buy
The short squeeze shenanigans appear to have resumed for some popular stocks among users of the Robinhood trading platform like AMC Entertainment Holdings (NYSE: AMC) and GameStop (NYSE: GME). The stock prices for both companies are once again trading at elevated levels that seem to be entirely divorced from underlying fundamentals.
Each company's business model relies on brick-and-mortar assets that are becoming less relevant and less popular over time. This issue is becoming more apparent with each passing year as both were struggling to maintain profitability and growth long before the adverse effects of COVID-19 exacerbated their situations. That's why investors should steer clear of these two Robinhood stocks and instead put their resources toward buying Facebook (NASDAQ: FB) stock instead. Let me explain.
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Source Fool.com
