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Yesterday — 22 December 2024Yahoo! Finance: Robinhood News

Where Will Robinhood Markets' Stock Be in 3 Years?

22 December 2024 at 17:32
Robinhood Markets (NASDAQ: HOOD), the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Robinhood's stock plummeted as rising interest rates curbed the market's appetite for the higher-risk stocks, options, and cryptocurrencies that have driven most of its growth during the pandemic. Robinhood's stock trades at about $36 as of this writing, which marks a five-bagger gain from its all-time low but still falls shy of its IPO price.
Before yesterdayYahoo! Finance: Robinhood News

Walmart, GM, Nvidia, Robinhood: All had an award-winning 2024

21 December 2024 at 15:00
Yahoo Finance shook things up this year, not just naming a Company of the Year but also Surprise of the Year, Product of the Year, and Comeback of the Year. Walmart (WMT) was named Yahoo Finance's 2024 Comeback of the Year on the strength of its stock and earnings performance. Yahoo Finance Executive Editor Brian Sozzi spoke with CEO Doug McMillon about how the retailer's big investments have been paying off, while CFO John David Rainey explained that the company's recent success didn't happen by accident. Yahoo Finance's Surprise of the Year was General Motors (GM). CEO Mary Barra credits the automaker's diverse portfolio for its big success. Bank of America auto analyst John Murphy also weighed in to give his take on what could be next for the stock. Nvidia's (NVDA) AI-focused Blackwell platform was named Product of the Year. Comeback of the Year went to Robinhood (HOOD). Its stock has surged and it made big headway in diversifying its product offerings. CEO Vlad Tenev discusses what's next for the company while Mizuho senior analyst Dan Dolev argues Robinhood is a stock to own under the incoming Trump administration. Watch more Yahoo Finance Awards coverage here: Why Walmart is clobbering its rivals Walmart rolled back DEI efforts & others may too. Here's why. The 'exciting' part of Robinhood's growth is still ahead: Analyst

Is Robinhood (HOOD) the Crypto Stock with the Biggest Upside Potential?

20 December 2024 at 11:45
We recently published a list of 12 Crypto Stocks with the Biggest Upside Potential. In this article, we are going to take a look at where Robinhood Markets, Inc. (NASDAQ:HOOD) stands against other crypto stocks with the biggest upside potential. Bitcoin Continues Its All-Time Highs On December 16, Bitcoin reached another all-time high, soaring above […]

The Smartest Financial Stocks to Buy With $200 Right Now

20 December 2024 at 10:10
Thanks to fractional shares and commission-free trading, anyone can invest these days, whether you've got $200 or $2 million. Scharf has also begun to improve higher-returning businesses that the bank hasn't taken full advantage of previously, like credit card lending and investment banking.

More Men Are Addicted to the ‘Crack Cocaine’ of the Stock Market

20 December 2024 at 04:00
A new type of addict is showing up at Gamblers Anonymous meetings across the country: investors hooked on the market’s riskiest trades. At Gamblers Anonymous in the Murray Hill neighborhood of Manhattan, one man called options “the crack cocaine” of the stock market. Another said he faced hundreds of thousands of dollars in trading losses after borrowing from a loan shark to double down on stocks.

The 'exciting' part of Robinhood's growth is still ahead: Analyst

19 December 2024 at 22:00
Yahoo Finance has named Robinhood Markets (HOOD) its comeback stock of the year. The trading platform's shares have surged over 190% as the company achieved profitability and expanded its product offerings. Piper Sandler Companies senior research analyst Patrick Moley joins Market Domination to analyze Robinhood's growth trajectory. "The most exciting part of this growth story is ahead of us," Moley states, highlighting the company's success in attracting customers and enhancing its product lineup. He points to Robinhood's new web-based trading platform, which opens access to 50% of the retail market that "they never really had access to before," positioning the company for continued expansion in 2025. Moley notes that 75% of Robinhood's customer base consists of millennials or younger users, making products like cryptocurrency and mobile trading particularly appealing because "the customers are much more open to trying new products if introduced on the platform." "One in 10 Americans have a Robinhood account, yet they only have a quarter percent of ... the total retail assets in the United States," he explains, adding, "It's a very small market share, but they have a very strong brand and we expect them to grow their assets under custody and grow earnings significantly in the coming year." 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

Accenture, Robinhood and Coinbase, Vertex: Market Minute

19 December 2024 at 17:01
Yahoo Finance host Rachelle Akuffo dives into three stories from several of the top trending stock tickers on the Yahoo Finance platform. Accenture (ACN) shares are popping after topping its fiscal first quarter earnings estimates. Brokerage site Robinhood Markets (HOOD) and crypto exchange Coinbase Global (COIN) see their stocks move higher amid bitcoin's recent volatility (BTC-USD). Lastly, Vertex Pharmaceuticals (VRTX) shares are dropping Thursday morning in response to its Phase 2 trial results for its new non-opioid painkiller. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.

Robinhood is the perfect Trump stock: Analyst

19 December 2024 at 13:00
Robinhood has come a long way financially since it burst onto the scene during the meme stock frenzy. Amid a tighter control on costs and new product introductions, Robinhood (HOOD) has become a profitable business with its eyes set on taking on legacy financial platforms. The stock has surged this year as the business has pivoted to growth mode. Hence, the company has won Yahoo Finance’s ‘Comeback of the Year’ award. Yahoo Finance Executive Editor Brian Sozzi talks with Mizuho senior analyst Dan Dolev about the future of the stock trading platform Robinhood. The company is becoming more than just a place to buy and sell stocks; think more of a wealth management player — and perhaps sports betting. Dolev is a bull on the stock and makes a compelling case for more upside after a big run-up this year. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website.
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