HOOD Stock S&P 500's Top Performer: Is the Momentum Sustainable?

Key Takeaways Robinhood has surged 229.2% YTD, making it the S&P 500's best-performing stock.The company is diversifying with banking, wealth tools and crypto expansion.Acquisitions and buybacks highlight Robinhood's global ambitions and strong cash reserves.Robinhood Markets (HOOD) joined the S&P 500 Index on Sept. 22 as part of the index’s quarterly rebalancing. The stock is now the index's best year-to-date performer, with a whopping 229.2% surge.In comparison, HOOD’s close peers, Charles Schwab (SCHW) a ...