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Top 5 Investments According to The Robinhood App

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At the end of 2019, Robinhood had over 10 million user accounts in his books. Many people flock to the app for their commission-free trades so that they can participate in stock market investments without part of the cost. With so much activity in the company, Robinhood can easily track which investments are popular. Here's a look at the top five investments based on the popularity of Robinhood users (as of May 21, 2020).

1. Ford

Analysts have rated Ford as a solid buy, which has caused the somewhat inexpensive stock to trend up. Over 848,000 users chose to take a risk on the automaker, add Ford to their portfolio, or just stick to the stock.

Before the corona virus pandemic, Ford mostly danced between $ 8 and $ 12. Given that it is under $ 6, it might look like a bargain to new investors who believe the automaker will get back on its feet.

2nd GE

GE has gone through its ups and downs stake in COVID-19, but that doesn't mean investors aren't willing to take a risk on the company. The company has more than 766,000 users of the Robinhood app in its portfolio.

GE stock is currently available for around $ 6.50. In addition, according to robinhood analyst ratings, it is considered a strong buy, which could make it more attractive to those looking for potential bargains with bounce-back potential.

3. Disney

Disney had some major successes when the COVID-19 pandemic delayed film release and resulted in park closures. However, the company is well positioned to recover. It recently reopened its Shanghai park and made significant progress in Florida. It also still owns valuable properties, including Marvel, and has had success with its Disney + streaming service.

While a price around $ 118 doesn't seem like a bargain, Disney is listed as a strong buy on Robinhood. In addition, the company was significantly higher before the pandemic, reaching nearly $ 150. Apparently at least 550,000 investors believe the company has what it takes to weather the storm.

4. American Airlines

Airlines felt the pain when the corona virus made travel incredibly unattractive, if not impossible in some areas. While American Airline's stock fell (near $ 9.90), investors seem to think that the industry and the airline will recover as the pandemic calms down.

In addition, the price cut could make the stock look like a bargain, suggesting that the travel industry will improve in a timely manner. The company has over 530,000 Robinhood app users in its portfolio, and the airline's analyst rating has listed it as a solid buy.

5. Delta Airlines

As with American Airlines, Delta Airlines' share price fell in response to the pandemic. Today it is considered a strong buy, with a stock price close to the $ 23 mark. In total, almost 519,000 Robinhood app investors agree to add or keep the company in their portfolio.

It is possible that investors and analysts believe that the price decline will not be long-term, and there is a reasonable chance, if no guarantee, that they will be right in the end. However, it mainly depends on the recovery of the larger travel industry, and only time will tell if or when this will ultimately happen.

Have you invested in any of the stocks above? Do you think it is wise for new investors to focus on the top 5? Share your thoughts in the comments below.

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