Jim Cramer on Robinhood: “I Think It Still Has Room to Go Down, Even as I Think It’s a Very Good Company”

Jim Cramer gave top insight on Robinhood Markets, Inc. (NYSE:HOOD), sharing a game plan of what to buy, sell, and hold right now. A caller asked how they can tell whether to dump the stock or hold out. Cramer replied: Okay, well, that’s a great question. Remember, we don’t care where you bought it. We care where it’s going to. Robinhood has got a big buyback now, but it sells at 28 times earnings when the rest of the brokers sell at a much lower multiple. For instance, Morgan Stanley, which is actually a ...