These 3 Promising Growth Stocks Look Much Better Than Robinhood
Robinhood Markets is the latest meme stock attracting investors today. The recent IPO surged from an opening price of $38 to a high of $85 less than a week later, though it has fallen since then. It can be exciting to see such an incredible rise in value, but investors shouldn't forget this is a company that went through some bad press earlier this year. It drew the ire of investors who couldn't make trades during the meme frenzy, which could wreak havoc on the stock if it happens again.
The business itself lacks a defendable competitive advantage that makes it a can't-miss investment. Add a staggering $1.4 billion loss during the first three months of 2021 into the mix, and you've got yourself a highly risky and volatile company.
Rather than buying the hype, investors should consider growth stocks with stronger business models that are more likely to grow over the years. Petco Health and Wellness (NASDAQ: WOOF), DocuSign (NASDAQ: DOCU), and Mastercard (NYSE: MA) are all stocks that are better investments over the long haul. Here's why.
Source Fool.com
