In an environment where technology continues to reshape industries and drive growth, mid cap tech stocks offer a unique opportunity for investors. These companies are often in a sweet spot of innovation—they are mature enough to have proven business models but still small enough to generate rapid growth. In this article, we highlight three top-ranked mid cap tech stocks—Robinhood Markets ((HOOD), Aspen Technology ((AZPN), and Vertiv ((VRT)—that are positioned to outperform the broader market. With strong fu ...

The most recent trading session ended with Robinhood Markets, Inc. (HOOD) standing at $22.63, reflecting a +1.34% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.01%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.08%. The company's stock has climbed by 15.28% in the past month, exceeding the Finance sector's loss of 0.26% and the S&P 500's gain of 1.21%. Analysts and investors alike will be keeping a close eye on the ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Robinhood Markets, Inc. (HOOD) , which belongs to the Zacks Financial - Investment Bank industry. This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 150%. For the last reported quarter, Robinhood Markets came out with earnings of $0.21 per s ...

The Federal Reserve slashed the fed funds rate last month, and more cuts are likely on the way. The Federal Reserve wrapped up its most recent policy meeting on Sept. 18, and its Federal Open Market Committee (FOMC) decided to lower the federal funds rate (the rate commercial banks use when they borrow and lend to one another overnight) by 50 basis points. That was double the 25-basis-point adjustment the Fed normally uses, and it's likely to be a tailwind for the economy because it reduces borrowing costs ...

Retail investing platform Robinhood on Tuesday announced that it's offering customers in Europe the ability to transfer cryptocurrencies in and out of its app, broadening its product capabilities in the region as it presses ahead with international expansion. In a blog post on Tuesday, the company said that it'll allow customers in the European Union to deposit and withdraw more than 20 digital currencies through its platform, including bitcoin, ethereum, solana, and USD coin. The move effectively gives Rob ...

MENLO PARK, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Today, Robinhood Markets, Inc. ("Robinhood") (NASDAQ: HOOD) announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. An earnings conference call will be held at 2:00 PM PT / 5:00 PM ET on the same day. A live webcast of the call and supporting materials will be available at investors.robinhood.com. Following the call, a replay and transcript will also be available on the same website. Ro ...

The Federal Reserve announced a jumbo 50 basis point (bp) cut in interest rates on Sept. 18 for the first time since March 2020. The central bank has indicated two more cuts this year and four in 2025. Against this backdrop, how will Robinhood Markets, Inc. (HOOD) perform? The company earns massive revenues from interest income. In 2023, net interest revenues of $929 million (50% of total revenues) surged a whopping 119% year over year, driven by four-decade-high interest rates. A similar trend continued in ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Robinhood Markets, Inc. (HOOD) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this company have returned +6.6% over the past month versus the Zacks S&P 500 composite's +2% change. The Zacks Financial - Investment Bank industry, to which Robinhood Markets belongs, has gained 1.2% over this period. Now the key question is: Where could the stock be headed in the near term? Alt ...

Robinhood's Business Performance - Robinhood's stock price soared to a record high of $85 shortly after its IPO in 2021, driven by its popularity among young, first-time investors [1] - The stock price sank 91% to an all-time low of around $7 by mid-2022 due to the S&P 500 bear market, which deterred many clients from investing [2] - The company's stock price recovered with an 83% gain in 2024, largely due to the Federal Reserve's rapid interest rate hikes, which boosted interest revenue [3] Revenue Trends - Robinhood's monthly active users peaked at 21.3 million in mid-2021 but dropped to 11.8 million in Q2 2024 [4][5] - Transaction-based revenue in Q2 2024 was $327 million, significantly below the peak of $451 million in Q2 2021 [5] - Net interest revenue surged 319% from $68 million in Q2 2021 to a record $285 million in Q2 2024, driven by higher federal funds rates [6] Interest Revenue and Cash Holdings - Robinhood held $4.5 billion of its own cash and $4.5 billion in client funds in interest-bearing accounts in Q2 2024 [7] - The company's margin book reached an all-time high of $5 billion in Q2 2024, generating $73 million in interest revenue [8] Impact of Federal Reserve Rate Cuts - The Federal Reserve cut the federal funds rate by half a percentage point last week, with further cuts expected, potentially reducing Robinhood's net interest revenue [9][10] - The federal funds rate could decrease by almost half from its recent peak of 5.33%, leading to a significant decline in Robinhood's interest revenue [10] Transaction-Based Revenue Growth - Robinhood's transaction-based revenue growth in 2024 is primarily driven by options and cryptocurrency trading, which are riskier and less reliable for long-term growth [11] - The company cannot rely on these segments to offset the expected decline in interest revenue [11] Stock Price Outlook - The recent recovery in Robinhood's stock price may stall as interest rates decline further, making it a less attractive investment at this time [12]