Investors might want to bet on Robinhood Markets, Inc. (HOOD) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and followin ...

Robinhood Markets, Inc. (HOOD) closed the latest trading day at $22.07, indicating a +1.99% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.72%, and the technology-centric Nasdaq increased by 0.65%. The company's shares have seen an increase of 10.69% over the last month, surpassing the Finance sector's gain of 4.89% and the S&P 500's gain of 4.86%. The investment community will be closely monitorin ...

kramikel Investment Thesis Robinhood (NASDAQ:HOOD) is a steal. Case in point, revenue growth rates are expected to remain very strong into the back half of 2024. If I were to pinpoint one blemish from its Q2 2024 earnings report, it would be that its free cash flow was subdued. That being said, that's because of the massive amount of working capital used this quarter. We should expect this working capital usage to reverse in the coming quarters. Furthermore, Robinhood's underlying EBITDA is now expected to ...

Robinhood Markets, Inc. (HOOD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, HOOD broke through the 20-day moving average, which suggests a short-term bullish trend. The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short- term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal sign ...

After reaching an important support level, Robinhood Markets, Inc. (HOOD) could be a good stock pick from a technical perspective. HOOD surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or ...

Robinhood's growth is taking a pause based on recent numbers. Robinhood (HOOD 0.20%) released August operating data, which is the regular news update investors get about the company's operations. While there's some good news, Travis Hoium digs into where there's some weakness in the video below. *Stock prices used were end-of-day prices of Sept. 10, 2024. The video was published on Sept. 10, 2024. ...

MENLO PARK, Calif., Sept. 09, 2024 (GLOBE NEWSWIRE) -- Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) today reported select monthly operating data for August 2024: Funded Customers at the end of August were 24.3 million (up approximately 60 thousand from July 2024, up over one million year-over-year). Assets Under Custody (AUC) at the end of August were $143.6 billion (down 1% from July 2024, up 60% year-over-year). Net Deposits were $3.3 billion in August, translating to a 27% annualized growth rate ...

Group 1: Robinhood Markets, Inc. - Robinhood's cryptocurrency platform will pay $3.9 million in a settlement with the California Department of Justice over issues related to crypto withdrawals [1] - The California Attorney General stated that Robinhood violated state law by failing to deliver purchased cryptocurrencies, preventing customers from withdrawing their assets [2] - As part of the settlement, Robinhood is required to allow customers to withdraw crypto assets to their own wallets and to honor its trading and order handling practices [3] - Over the past six months, Robinhood shares have increased by 16.5%, outperforming the industry growth of 10.3% [3] Group 2: Financial Misconduct in the Industry - The Commodity Futures Trading Commission (CFTC) ordered The Bank of New York Mellon Corporation to pay a civil penalty of $5 million for failing to report millions of swap transactions [5] - BNY Mellon also failed to supervise its swap dealer business as required by regulations, and agreed to retain an independent compliance consultant [6] - The CFTC has requested non-disclosure agreements from banks like JPMorgan and Citigroup regarding their swaps and clearing businesses [7]

Robinhood Markets, Inc. (HOOD) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

Robinhood Markets, Inc. (HOOD) has had an impressive run, with the stock skyrocketing 85.2% in a year. This impressive run on the bourses has significantly outpaced the 27.9% rise of the industry it belongs to and the 23.7% growth of the Zacks S&P 500 composite. Moreover, the stock is trading well above its close peer, Charles Schwab (SCHW) , in the same time frame. 12-Month Price Performance Image Source: Zacks Investment Research Given the continuous strength of Robinhood shares, many investors might be t ...