© Reuters. 3 Fashionable Robinhood Shares to Purchase in October
Robinhood (NASDAQ:) attracted important consideration from the millennials and Gen Z buyers final yr, proudly owning primarily to its commission-free buying and selling providing. Pushed by the curiosity of such buyers, Apple (AAPL), Microsoft (MSFT), and Pfizer (PFE) are positioned among the many high 20 shares on the Robinhood 100 record. Thus, we expect these standard and essentially sound names may very well be strong buys this month. Learn on.Final yr’s pandemic-induced lockdowns and stay-at-home mandates led many individuals to take up securities buying and selling as a pastime. Consequently, the commission-free buying and selling app Robinhood of Robinhood Markets , Inc. (HOOD) gained important recognition, particularly amongst Millennial and Gen Z merchants.
Its recognition amongst first-time merchants has helped Robinhood thrive. The corporate went public by means of a conventional IPO on July 29. Bolstered by its recognition, the corporate’s second-quarter income elevated 131.5% year-over-year to $565.33 million. Moreover, Robinhood reported 21.3 million month-to-month energetic customers as of June 30.
The curiosity of HOOD buyers in Apple Inc. (NASDAQ:), Microsoft Company (NASDAQ:), and Pfizer Inc. (NYSE:) is evidenced by these names’ placement throughout the high 20 shares on the Robinhood High 100 record. Contemplating their dominant market shares and robust fundamentals, we expect these shares may very well be strong additions to at least one’s portfolio now.
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