Growth is only part of the story for Robinhood. Robinhood (HOOD 8.38%) stock continues its volatile path, but the business is hitting on all cylinders. In the first quarter, Robinhood added funds to the platform and grew Gold memberships to a new record. In this video, Travis Hoium lets you know why this is incredibly bullish for the company. *Stock prices used were end-of-day prices of April 11, 2024. The video was published on May 13, 2024. ...

Core Viewpoint - Robinhood's stock has experienced significant volatility despite reporting record-setting metrics for Q1 2024, indicating a potential buying opportunity for long-term investors [2][3][15] Financial Performance - Robinhood reported a net income of $157 million or 18 cents per share in Q1 2024, a substantial improvement from a net loss of $511 million or 57 cents per share in the same quarter last year [5] - The company's sales reached $618 million, exceeding the consensus target of $549 million, marking corporate records for both metrics [6] Market Dynamics - The recent decline in Robinhood's stock price, which dropped over 6% last Friday and nearly 10% in the past month, is attributed to distractions from the cryptocurrency market [1][4][7] - Blockchain-related transactions contributed $126 million to Q1 sales, highlighting the rising importance of the crypto ecosystem for Robinhood [8] Retail Investor Sentiment - Retail investors are increasingly taking control of their portfolios, moving back into the market, which is a positive sign for Robinhood [10][11] - The shift from the meme-trade phenomenon to a more sustainable trend of investing among younger demographics is expected to benefit Robinhood [11][12] Speculative Environment - The current economic climate, characterized by high inflation and interest rates, has led to increased interest in speculative investments, including cryptocurrencies [13] - Innovations such as artificial intelligence are empowering retail investors, potentially increasing participation in the market and making Robinhood stock an attractive opportunity [14]

LONDON — The boss of U.K. stock trading service Freetrade is stepping down and leaving the company with immediate effect, the company told CNBC exclusively Monday. Nebehaj, Freetrade's incoming CEO, applauded Dodds' eight-year run as CEO and said that "it's natural that different stages of a company's growth require different leaders." "With our first profitable quarter behind us, I'm excited about the size of the opportunity ahead," Nebehaj said in a statement. "Our talented and high-quality team is buildi ...

If big, boring banks aren’t worried about the rise of Robinhood Markets (NASDAQ:HOOD), they ought to be. Robinhood stock is volatile, but holding shares makes sense if you believe the financial-trading landscape is changing. Instead of fearing change, you can choose to accept and even embrace it. There’s no turning back the clock and no undoing what Robinhood has done for the financial markets during the past decade. So, get on board or and get ready to make some money, or just get out of the way. Tradition ...

Robinhood's latest earnings report offered several positive takeaways.I have been very critical of Robinhood Markets (HOOD -6.18%) during the last couple of years, which wasn't necessarily controversial given that its stock suffered a peak-to-trough collapse of 91% from its all-time high. The online brokerage platform was consistently losing active users, and its transaction revenue seemed to be in perpetual decline as a result.However, Robinhood's fortunes have changed in 2024. A rising stock market has br ...

This may have more of an impact on Robinhood's earnings than investors think.Robinhood Markets (HOOD -6.18%) stock has crushed it for the last year. The online brokerage that revolutionized free stock trading is up 100% in the last 12 months, compared to 27% returns for the S&P 500 index. The company just reported strong growth across the board in the first quarter of 2024 and is finally generating healthy amounts of profits.But there is something looming above Robinhood's business, and it could be an imped ...

Robinhood stock may not be worth $30, but $17? Yes, that's a reasonable price.Robinhood Markets (HOOD -6.18%) made Wall Street's best and brightest look painfully slow this week. Analysts predicted the popular online brokerage would earn only $0.05 per share in its first quarter of 2024, but Robinhood thumped that forecast, reporting an $0.18 per-share profit -- and record revenue of $618 million. Investors yawned. Robinhood stock actually fell Thursday on Wednesday's news and kept on falling through the cl ...

Financial services companies offer many essential products and services that help people stay on top of their budgets, acquire assets and achieve long-term goals. The demand for these services won’t go away, and research from Fortune Business Insights suggests high growth is here to stay.According to the research, the global fintech market is expected to achieve a 16.5% compounded annual growth rate until 2032. Some companies in the industry will grow faster than others, and these variances present opportun ...

Key PointsRobinhood achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading.Strategic initiatives, including expanded Robinhood Gold features, fuel customer engagement and market reach.While regulatory scrutiny and market volatility pose challenges, Robinhood's innovative approach and commitment to democratizing finance position the company for continued growth.5 stocks we like better than Robinhood MarketsRobinhood Markets, Inc. NASDAQ: HOOD ...

Robinhood Markets Inc (NASDAQ: HOOD) has gained a whopping 70% over the past three months but a Mizuho analyst is convinced it could extend the rally further in the coming months. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Here’s why Robinhood stock is worth buyingCopy link to sectionDan Dolev reiterated his “buy” rating on $HOOD this morning after the financial services company reported quarterly earnings that were “as good as gold”.  Robinhood, ...