Wall Street is making a push for more extended hours in the stock market, and Trump’s incoming regulators are likely to approve. What to know so you don’t lose your shirt.

Robinhood Markets is proving to be a big winner from the post-election rally, as the brokerage that pioneered zero-commission trading and pushed into crypto is poised to benefit from President-elect Donald Trump’s light-touch approach to regulation. Robinhood stock is up about 45% since Election Day, putting it on track for its highest closing price in more than three years. Analysts expect the Trump administration’s crypto-friendly stance to benefit Robinhood, which was facing a potential legal fight with the Securities and Exchange Commission over its crypto business.

Ahead of what’s projected to be the largest wealth transfer in history, Robinhood is bringing financial advisers directly to its 24 million customers.

The Schwab rival tied new acquisition to looming wealth transfer, which should benefit its core millennial customers.

The latest price moves in bitcoin (BTC) and crypto markets in context for November 20, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Analysts at Bernstein have identified Robinhood as the leading “crypto deregulation trade” following the recent U.S. elections.

In sync with its strategy to become a one-stop shop for financial services, HOOD announces an agreement to acquire TradePMR.

TradePMR, with over 25 years of industry experience, has more than $40bn in assets under administration.

The broker raised its price target on the trading platform's stock to $51 from $30.

This is what could happen next to Robinhood shares.

Experts say this acquisition will have far-reaching effects on the entire wealth management industry as a generational shift is underway.

Bitcoin touched new highs today as a key component of the "Trump trade" resumed its climb.

Robinhood has been pushing to grab market share from traditional brokerages such as Charles Schwab and Fidelity Investments in its effort to become to a full-fledged financial services provider. Over the past few months, Robinhood has unveiled a credit card, launched a desktop trading platform, added futures and index options trading and rolled out contracts for betting on the U.S. presidential election. Robinhood's shares, which were up 1.2% in trading before the bell, have gained nearly 175% in 2024.

(Bloomberg) -- Robinhood Markets Inc. agreed to buy TradePMR, a custodial and portfolio management platform for registered investment advisors, as the online brokerage seeks to target a wider swath of wealthier investors. Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftA Bug’s Eye View of Mexico City’s Modernist ArchitectureAmtrak Wins $300 Million to Fix Its

The brokerage firm will buy TradePMR, which custodies assets on behalf of financial advisors and has more than $40 billion in assets under advisement.

Needham upgraded Robinhood (HOOD) to Buy from Neutral with a $40 price target Donald Trump’s election win stands to “materially benefit the company,” primarily via changes at the SEC, the analyst contends. The firm believes Robinhood is attractively positioned for more crypto asset listings coming, noting that the company has historically limited its product suite to avoid SEC enforcement actions, but with a change in Chair, it believes Robinhood will launch new offerings including the four new

Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 8.3% in the afternoon session after Needham analyst John Todaro upgraded the stock's rating from Hold to Buy and assigned a price target of $40. This price target implies a potential 25% upside from where shares traded before the upgrade was announced.

Robinhood’s shares surged to a three-year high after Needham analysts upgraded the stock early Monday. The surge follows Robinhood’s rollout of new cryptocurrencies, including Solana and XRP. “We wanted to just do it the right way and in lockstep with our regulatory agencies,” said Steph Guild, Robinhood’s head of investment strategy, in an interview Monday.

Needham upgraded Robinhood (HOOD) stock to Hold from Buy, with a price target of $40. Analyst John Todaro joins Market Domination to explain his motivation behind the call. Todaro identifies two key benefits for Robinhood under a Trump presidency: "the pro-crypto regulation that's coming" and the appointment of a new SEC chair. "We believe Robinhood will come out and launch a number of different crypto products," which he suggests will enable the company to expand market share and enter the meme crypto market, noting that platforms in this space "see outsized volume." Todaro emphasizes that the primary catalyst for Robinhood centers on "changes at the SEC," adding, "That's where Robinhood's going to be able to capture most of the low-hanging fruit." Regarding reports of Hester Pierce being considered for SEC chair, Todaro tells Yahoo Finance, "I actually don't think you could have a more crypto person," suggesting her appointment would be "positive for crypto." To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Angel Smith