Why Are Robinhood Investors Talking About Penn National Gaming Stock?
In the past few years, the Robinhood trading app has leveraged its user-friendly interface and zero-commission model to reach 13 million users. Its list of the stocks that are most widely owned by its users includes a lot of risky companies that investors -- especially novices -- should approach with extreme caution. Interestingly, however, it also includes Penn National Gaming (NASDAQ: PENN), a casino operator staking its claim in sports gambling thanks to a promising new partnership.
It's easy to see why Penn appeals to investing newcomers -- it operates in both an exciting new industry and a mature one with an obvious catalyst in the eventual end of the COVID-19 pandemic. But I think its fundamental strength will make it an interesting investment even when the hype is gone. Here's why.
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Source Fool.com
