Here's My Top Robinhood Stock to Buy Right Now
Investors using the Robinhood trading platform have gained a reputation for betting on beaten-down companies with the potential to bounce back, so it's no surprise that MGM Resorts (NYSE: MGM) ranks among the most popular companies being traded on the platform these days. The casino operator is working to recover from the economic hit caused by efforts to stop the coronavirus pandemic, and it is pivoting to new growth opportunities.
Let's dig a little deeper to find out what MGM is doing and why it is my top Robinhood stock to buy right now.
MGM Resorts has been hit hard by the reaction to the coronavirus pandemic, and it saw year-over-year revenue plunge 66% to $1.13 billion in the third quarter. But while the crisis is still ongoing, investors are regaining confidence in the tourism industry as a COVID-19 vaccine inches closer to wide distribution.
Source Fool.com
