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Most Popular Stocks on Robinhood Today

The most popular stocks on Robinhood are making headlines again, with earning season rallying the market to new highs.
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Robinhood has taken Wall St by storm this past year, leading a retail army of traders behind it. The popular brokerage app now has over 22 million funded accounts, increasing 97% from last year. What’s more, the most popular stocks on Robinhood are making headlines again, with earning season rallying the market to new highs.

The popular app attracts young retailer traders with an average age of 31, with its “gamified” user experience. Robinhood makes it surprisingly easy to invest in stocks, offering same-day access to funds, fractional shares, and an easy-to-use interface.

On top of this, Robinhood is launching its crypto wallet with over 1 million people on the waitlist already. With this in mind, let’s look at the most popular stocks on Robinhood trending today.

Most Popular Stocks on Robinhood Today

By looking at trending stocks and studying price action, you can better understand where investors are putting their money. According to Robinhood’s 100 Most Popular, the top eight most popular stocks on Robinhood include:

  • Disney (NYSE: DIS)
  • NIO (NYSE: NIO)
  • Microsoft (NASDAQ: MSFT)
  • Amazon (NASDAQ: AMZN)
  • Sundial Growers (NASDAQ: SNDL)
  • AMC Entertainment (NYSE: AMC)
  • Tesla (NASDAQ: TSLA)
  • Apple (NASDAQ: AAPL)

Let’s take a closer look at these companies and why they’re popular among the Robinhood crowd.

#8 Disney

  • Industry: Entertainment
  • 1 Year Return: 35%
  • YOY Revenue Growth: 45%

First on our list of most popular stocks on Robinhood is Disney. Everyone knows Disney from its theme parks and blockbuster movies. But, The Walt Disney Company is much more than that. In fact, It’s an umbrella company to some of the biggest brands around us, including:

  • ESPN
  • Hulu
  • ABC
  • Fox
  • Marvel
  • Lucasfilms
  • Pixar
  • FX
  • National Geographic

Not to mention the company’s hit streaming app Disney + that’s racked up +116 million subscribers since its launch.

It’s no wonder investors are flocking to Disney with its slate of big movie releases, digital growth, and unmatched brand power.

#7 NIO

  • Industry: Electric Vehicles
  • 1 Year Return: 14%
  • YOY Revenue Growth: 127%

As a leader in the biggest EV market globally, NIO is being closely watched as demand for EVs heats up. Seeing that through the first eight weeks of the year, 1.79 million EVs were sold in China, increasing 194% from 2020, NIO has a big opportunity.

NIO noted in its October update, the company saw sales decrease 27.5% YOY. Despite the recent drop in revenue, it’s due mainly to upgrades being done.

However, with several models launching next year and an expanding market, look for NIO to continue being one of the most popular stocks on Robinhood.

#6 Microsoft

  • Industry: Software
  • 1 Year Return: 56%
  • YOY Revenue Growth: 22%

There’s no denying Microsoft is a top-tier stock, and its latest earnings shows it’s a force to be reckoned with. In fact, the results were good enough to promote it to the most valuable company in the world.

Microsoft is well-positioned to continue its dominant run with products including LinkedIn, Xbox, Windows, Skype, and Github. Not only that, but Microsoft’s cloud unit is also growing, up 36% from 2020.

#5 Amazon

  • Industry: e-commerce
  • 1 Year Return: 7%
  • YOY Revenue Growth: 15%

Amazon’s business grew significantly during the pandemic as people turned to the convenience of delivery. In addition, Amazon’s cloud unit, AWS, has maintained steady growth in the cloud market with around 32% control.

Speaking of impressive growth, Amazon has now accomplished nine straight quarters of revenue growth since the start of the pandemic.

Given that, coming into the holiday season, look for Amazon to remain one of the most popular stocks on Robinhood.

#4 Sundial Growers

  • Industry: Cannabis
  • 1 Year Return: 276%
  • YOY Revenue Growth: (-54)%

In a crowded Canadian cannabis market, Sundial Growers looks to be a bright spot in an overall gloomy market. Regardless, the TSX cannabis index is down 33% annually since it was started in Sept 2018.

But, Sundial just became a publicly-traded company last year and has made quite the impression since. First, blowing up in popularity on Reddit, Sundial was then considered one of the best penny stocks on Robinhood.

At the moment, the company is not profitable. But, recently, Sundial has made a number of moves to increase its market share. Its latest acquisitions of Alcanna and Spiritleaf give the company a massive boost in its retail presence.

#3 AMC Entertainment

  • Industry: Entertainment
  • 1 Year Return: 1,500%
  • YOY Revenue Growth: 2,252%

The beloved movie theater chain has had a rollercoaster of a year after the pandemic made going to the movies nearly impossible.

Yet, since then, AMC stock has surged in popularity with the economy reopening. On top of this, Robinhood traders pushed prices over $70 a share this summer fueled by shorts covering their position. The massive increase in share price allowed the company to raise money and continue operations.

And now, with AMC theaters opening 100% of its theaters in the U.S, its earnings are showing recovery.

Keep reading to find the most popular stocks on Robinhood. 

Most Popular Stocks on Robinhood – #2 Tesla

  • Industry: Electric Vehicles
  • 1 Year Return: 193%
  • YOY Revenue Growth: 57%

At this point, it seems nothing can stop Tesla. Despite supply chain issues disrupting the auto industry, Tesla still delivered a record-breaking quarter.

The EV maker achieved its highest net income total, with revenue soaring 57%. Additionally, Tesla’s Shanghai factory is ramping production further. Whereas, its Berlin factory is on track for final permit approval by the end of the year.

Given these points, Tesla has big aspirations, thus the goal of 50% annual growth in the future. So far, Elon and the team are living up to the expectations, and I wouldn’t bet against them now.

Most Popular Stocks on Robinhood – #1 Apple

  • Industry: Technology
  • 1 Year Return: 32%
  • YOY Revenue Growth: 29%

Apple is another company outperforming the competition. What’s more the iPhone maker delivered another record-breaking performance, with revenue growing 29%.

When it comes to brand power, few companies can match that of Apple. The company’s customer loyalty keeps propelling the company to new heights.

And in return, Apple continues rewarding shareholders with over $24 billion returned to shareholders in the last quarter. Because of this, look for apple to continue leading the most popular stocks on Robinhood.

Investing in the Most Popular Stocks on Robinhood

If you had invested in the most popular stocks on Robinhood a year ago, your account would be doing pretty well right now. As you can see, tracking trading volume can reveal where investors’ expectations stand.

By making it easy for people to start investing, Robinhood has attracted a whole new generation of traders. On top of this, the company is dipping into several high-growth categories like crypto trading and cash management.

Will the most popular stocks on Robinhood continue outperforming?

There’s a common saying in investing that goes something like “there’s no free lunch on Wall St.” In general, there’s no guarantee. Still, these companies are performing at a high level. For better or for worse, there are a lot of eyes on these top Robinhood stocks.

For more of the most popular stocks on Robinhood, sign up for Trade of the Day. This free e-letter will keep you up-to-date on real-time investment trends as they happen. Join now!

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate…

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5 hours ago

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March 9, 2024

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Low Iron Levels In Blood Could Trigger Long COVID: Study

Authored by Amie Dahnke via The Epoch Times (emphasis ours),

People with inadequate iron levels in their blood due to a COVID-19 infection could be at greater risk of long COVID.

(Shutterstock)

A new study indicates that problems with iron levels in the bloodstream likely trigger chronic inflammation and other conditions associated with the post-COVID phenomenon. The findings, published on March 1 in Nature Immunology, could offer new ways to treat or prevent the condition.

Long COVID Patients Have Low Iron Levels

Researchers at the University of Cambridge pinpointed low iron as a potential link to long-COVID symptoms thanks to a study they initiated shortly after the start of the pandemic. They recruited people who tested positive for the virus to provide blood samples for analysis over a year, which allowed the researchers to look for post-infection changes in the blood. The researchers looked at 214 samples and found that 45 percent of patients reported symptoms of long COVID that lasted between three and 10 months.

In analyzing the blood samples, the research team noticed that people experiencing long COVID had low iron levels, contributing to anemia and low red blood cell production, just two weeks after they were diagnosed with COVID-19. This was true for patients regardless of age, sex, or the initial severity of their infection.

According to one of the study co-authors, the removal of iron from the bloodstream is a natural process and defense mechanism of the body.

But it can jeopardize a person’s recovery.

“When the body has an infection, it responds by removing iron from the bloodstream. This protects us from potentially lethal bacteria that capture the iron in the bloodstream and grow rapidly. It’s an evolutionary response that redistributes iron in the body, and the blood plasma becomes an iron desert,” University of Oxford professor Hal Drakesmith said in a press release. “However, if this goes on for a long time, there is less iron for red blood cells, so oxygen is transported less efficiently affecting metabolism and energy production, and for white blood cells, which need iron to work properly. The protective mechanism ends up becoming a problem.”

The research team believes that consistently low iron levels could explain why individuals with long COVID continue to experience fatigue and difficulty exercising. As such, the researchers suggested iron supplementation to help regulate and prevent the often debilitating symptoms associated with long COVID.

“It isn’t necessarily the case that individuals don’t have enough iron in their body, it’s just that it’s trapped in the wrong place,” Aimee Hanson, a postdoctoral researcher at the University of Cambridge who worked on the study, said in the press release. “What we need is a way to remobilize the iron and pull it back into the bloodstream, where it becomes more useful to the red blood cells.”

The research team pointed out that iron supplementation isn’t always straightforward. Achieving the right level of iron varies from person to person. Too much iron can cause stomach issues, ranging from constipation, nausea, and abdominal pain to gastritis and gastric lesions.

1 in 5 Still Affected by Long COVID

COVID-19 has affected nearly 40 percent of Americans, with one in five of those still suffering from symptoms of long COVID, according to the U.S. Centers for Disease Control and Prevention (CDC). Long COVID is marked by health issues that continue at least four weeks after an individual was initially diagnosed with COVID-19. Symptoms can last for days, weeks, months, or years and may include fatigue, cough or chest pain, headache, brain fog, depression or anxiety, digestive issues, and joint or muscle pain.

Tyler Durden Sat, 03/09/2024 - 12:50

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February Employment Situation

By Paul Gomme and Peter Rupert The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000…

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March 9, 2024

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By Paul Gomme and Peter Rupert

The establishment data from the BLS showed a 275,000 increase in payroll employment for February, outpacing the 230,000 average over the previous 12 months. The payroll data for January and December were revised down by a total of 167,000. The private sector added 223,000 new jobs, the largest gain since May of last year.

Temporary help services employment continues a steep decline after a sharp post-pandemic rise.

Average hours of work increased from 34.2 to 34.3. The increase, along with the 223,000 private employment increase led to a hefty increase in total hours of 5.6% at an annualized rate, also the largest increase since May of last year.

The establishment report, once again, beat “expectations;” the WSJ survey of economists was 198,000. Other than the downward revisions, mentioned above, another bit of negative news was a smallish increase in wage growth, from $34.52 to $34.57.

The household survey shows that the labor force increased 150,000, a drop in employment of 184,000 and an increase in the number of unemployed persons of 334,000. The labor force participation rate held steady at 62.5, the employment to population ratio decreased from 60.2 to 60.1 and the unemployment rate increased from 3.66 to 3.86. Remember that the unemployment rate is the number of unemployed relative to the labor force (the number employed plus the number unemployed). Consequently, the unemployment rate can go up if the number of unemployed rises holding fixed the labor force, or if the labor force shrinks holding the number unemployed unchanged. An increase in the unemployment rate is not necessarily a bad thing: it may reflect a strong labor market drawing “marginally attached” individuals from outside the labor force. Indeed, there was a 96,000 decline in those workers.

Earlier in the week, the BLS announced JOLTS (Job Openings and Labor Turnover Survey) data for January. There isn’t much to report here as the job openings changed little at 8.9 million, the number of hires and total separations were little changed at 5.7 million and 5.3 million, respectively.

As has been the case for the last couple of years, the number of job openings remains higher than the number of unemployed persons.

Also earlier in the week the BLS announced that productivity increased 3.2% in the 4th quarter with output rising 3.5% and hours of work rising 0.3%.

The bottom line is that the labor market continues its surprisingly (to some) strong performance, once again proving stronger than many had expected. This strength makes it difficult to justify any interest rate cuts soon, particularly given the recent inflation spike.

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Spread & Containment

Another beloved brewery files Chapter 11 bankruptcy

The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light scandal.

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March 9, 2024

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Before the covid pandemic, craft beer was having a moment. Most cities had multiple breweries and taprooms with some having so many that people put together the brewery version of a pub crawl.

It was a period where beer snobbery ruled the day and it was not uncommon to hear bar patrons discuss the makeup of the beer the beer they were drinking. This boom period always seemed destined for failure, or at least a retraction as many markets seemed to have more craft breweries than they could support.

Related: Fast-food chain closes more stores after Chapter 11 bankruptcy

The pandemic, however, hastened that downfall. Many of these local and regional craft breweries counted on in-person sales to drive their business. 

And while many had local and regional distribution, selling through a third party comes with much lower margins. Direct sales drove their business and the pandemic forced many breweries to shut down their taprooms during the period where social distancing rules were in effect.

During those months the breweries still had rent and employees to pay while little money was coming in. That led to a number of popular beermakers including San Francisco's nationally-known Anchor Brewing as well as many regional favorites including Chicago’s Metropolitan Brewing, New Jersey’s Flying Fish, Denver’s Joyride Brewing, Tampa’s Zydeco Brew Werks, and Cleveland’s Terrestrial Brewing filing bankruptcy.

Some of these brands hope to survive, but others, including Anchor Brewing, fell into Chapter 7 liquidation. Now, another domino has fallen as a popular regional brewery has filed for Chapter 11 bankruptcy protection.

Overall beer sales have fallen.

Image source: Shutterstock

Covid is not the only reason for brewery bankruptcies

While covid deserves some of the blame for brewery failures, it's not the only reason why so many have filed for bankruptcy protection. Overall beer sales have fallen driven by younger people embracing non-alcoholic cocktails, and the rise in popularity of non-beer alcoholic offerings,

Beer sales have fallen to their lowest levels since 1999 and some industry analysts

"Sales declined by more than 5% in the first nine months of the year, dragged down not only by the backlash and boycotts against Anheuser-Busch-owned Bud Light but the changing habits of younger drinkers," according to data from Beer Marketer’s Insights published by the New York Post.

Bud Light parent Anheuser Busch InBev (BUD) faced massive boycotts after it partnered with transgender social media influencer Dylan Mulvaney. It was a very small partnership but it led to a right-wing backlash spurred on by Kid Rock, who posted a video on social media where he chastised the company before shooting up cases of Bud Light with an automatic weapon.

Another brewery files Chapter 11 bankruptcy

Gizmo Brew Works, which does business under the name Roth Brewing Company LLC, filed for Chapter 11 bankruptcy protection on March 8. In its filing, the company checked the box that indicates that its debts are less than $7.5 million and it chooses to proceed under Subchapter V of Chapter 11. 

"Both small business and subchapter V cases are treated differently than a traditional chapter 11 case primarily due to accelerated deadlines and the speed with which the plan is confirmed," USCourts.gov explained. 

Roth Brewing/Gizmo Brew Works shared that it has 50-99 creditors and assets $100,000 and $500,000. The filing noted that the company does expect to have funds available for unsecured creditors. 

The popular brewery operates three taprooms and sells its beer to go at those locations.

"Join us at Gizmo Brew Works Craft Brewery and Taprooms located in Raleigh, Durham, and Chapel Hill, North Carolina. Find us for entertainment, live music, food trucks, beer specials, and most importantly, great-tasting craft beer by Gizmo Brew Works," the company shared on its website.

The company estimates that it has between $1 and $10 million in liabilities (a broad range as the bankruptcy form does not provide a space to be more specific).

Gizmo Brew Works/Roth Brewing did not share a reorganization or funding plan in its bankruptcy filing. An email request for comment sent through the company's contact page was not immediately returned.

 

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