Getting a boost from the pandemic and consumers' shunning of cash as a germ transmitter, Cash App has picked up more than 6 million new monthly active users (MAUs) in 2020. As one among a long list of biotechnology companies that aims to produce a coronavirus vaccine, Moderna (NASDAQ:MRNA) has become a household name in 2020. Like Canopy Growth, Aurora Cannabis (NYSE:ACB) is an unprofitable cannabis cultivation company that Robinhood investors are fond of. Square is also seeing lots of revenue from bitcoin exchange and investments. With consumers staying home, online shopping has become an increasingly popular method of purchasing goods. Although the company's name might not ring a bell for some investors, one of the key reasons this stock is a no-brainer buy has to do with its CEO ... a guy named Warren Buffett. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Alex began writing for the Fool in early 2020 and follows companies in the healthcare sector.

You'll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest.

These factors aren't enough to make the business a favorable investment, but they do show that it is taking the necessary steps to eventually be profitable, perhaps within the next few years. If you're considering whether to purchase Moderna's stock, keep in mind that the market's expectations for the vaccine candidate's success may already be priced in. Best-known for offering commission-free trades and free shares of stock for opening up an account, Robinhood has been particularly adept at courting millennial and/or novice investors.

If you don't believe me, just take a gander at the recent rise of online investing platform Robinhood. Throughout 2019 and 2020, the company launched a handful of new products ranging from cannabis-infused beverages to vape pens, in an effort to tap into growing consumer demand. It's signed up more than 150 million Prime members worldwide, with the fees from these memberships enabling Amazon to undercut its competitors' prices. Image source: The Motley Fool. Like many of its biotech compatriots, however, Moderna isn't profitable, and it doesn't have any products on the market. Stock Advisor launched in February of 2002. That makes it a no-brainer buy. Amazon has also seen robust growth from its infrastructure cloud segment, Amazon Web Services (AWS). Robinhood blamed the lengthy outage on a failure of its Domain Name System (DNS), claiming it was caused by record signups plus unprecedented stress on its infrastructure due to the … The Company provides online and mobile application-based discount stock brokerage solutions that allows users to invests in publicly-traded companies and exchange-traded funds. Serious investors should stay informed about what the Robinhood herd is doing at the moment, if only to wait in the wings for a buying opportunity. 85 Willow Road

Let's investigate what Robinhood traders might have found exciting in each stock so that you'll know whether it might be worth hopping on the bandwagon in the future. Wall Street and investors likely won't soon forget 2020. To address its unprofitability, the company reduced its production capacity in Canada by more than 40% and shed a couple hundred jobs in an attempt to reduce its overhead.

Between 2012 and 2019, the gross payment volume traversing its network surged from $6.5 billion to $106.2 billion, although it'll likely fall in 2020 due to the pandemic. . Since Amazon controls an estimated 44% of all online sales in the U.S. according to estimates from Bank of America, the shift online sets Amazon up for success during the pandemic. in Economics, Sean specializes in the healthcare sector and investment planning. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. Here are three widely held stocks on Robinhood that should be considered by investors as no-brainer buys. These sectors are highly cyclical and tend to do very well when the U.S. economy is firing on all cylinders. Robinhood Financial serves clients worldwide. Let's conquer your financial goals together...faster. What's noteworthy, however, is that large merchants are coming around to Square's point-of-sale devices. Although the platform's retail traders sometimes buoy the price of a weak company's stock beyond what its fundamentals support in the long run, there's nothing inherently bad about a stock being popular on a retail trading platform. The similarities don't end there: Aurora has also planned the closure of several of its production facilities in an attempt to achieve profitability. Another highly popular Robinhood stock with potential to make investors a boatload of money is fintech stock Square ().As of mid-August, Square was the 64th-most-held stock … Uncertainty surrounding the coronavirus disease 2019 (COVID-19) pandemic initially sent the benchmark S&P 500 into a decline of 34% in less than five weeks. Market data powered by FactSet and Web Financial Group. Since the company's seller ecosystem is primarily driven by merchant fees, and to a lesser degree by lending, larger businesses could have a very positive impact on Square's top and bottom lines. Since cloud margins are substantially higher than retail and ad revenue, AWS is Amazon's longer-term key to explosive operating cash flow growth.

So, if you're a believer in the long-term value of the company, it might pay to wait until the Robinhood traders get discouraged by any stumbles in its phase 3 clinical trials or the regulatory approvals process before scooping up shares of your own. That's because it allows them to buy great stocks at a perceived discount. In the bizarre market conditions of 2020, it's become even more evident that Robinhood traders are a cryptic and powerful force. See you at the top! Returns as of 10/29/2020. Another highly popular Robinhood stock with potential to make investors a boatload of money is fintech stock Square (NYSE:SQ). Over the past 55 years ended Dec. 31, 2019, Berkshire Hathaway's stock averaged a compound annual return of 20.3%. In the coronavirus-impacted second quarter, AWS still delivered 29% year-on-year growth, with the segment now on track for over $43 billion in extrapolated annual sales. As of mid-August, Amazon was the 12th-most-held stock on the Robinhood platform. Follow … As of a week ago, 92% of Berkshire's portfolio was tied up in just three sectors: information technology, financials, and consumer staples. Even though it keeps setting new all-time highs this year, it's not too late to buy into the Amazon (NASDAQ:AMZN) growth story. This means that buying the company's stock is much closer to gambling than most investors are comfortable with. Furthermore, Berkshire Hathaway is sitting on a mammoth pile of cash, cash equivalents, and short-term investments ($147 billion). The majority of these projects are in the early phases of clinical trials, so they won't be delivering fresh revenues for the company anytime soon. His interests include exploring his hometown of Boston, traveling in Latin America, and value investing. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. 3 Robinhood Stocks That Could Skyrocket If Joe Biden Wins in November, Copyright, Trademark and Patent Information. All three of the stocks I discuss below are among the top 100 most held by Robinhood traders. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life.

While I'm all for encouraging younger investors to put their money to work in the stock market, Robinhood hasn't provided these folks with the tools they need to succeed as investors, with many choosing to chase whatever penny stock is the flavor of the week. This past week, both the S&P 500 and Nasdaq Composite hit fresh record highs. In fact, many of the most-purchased Robinhood stocks are companies with massive long-term earnings potential.

Image source: Getty … Square. Canopy Growth (NYSE:CGC) grows and sells recreational and medicinal cannabis products in the emerging North American and European markets. Market data powered by FactSet and Web Financial Group. Let's investigate what Robinhood traders might have found exciting in each stock so that you'll know whether it might be worth hopping on the bandwagon in the future. This 10.3% average annual gap equates to a better than 2,700,000% outperformance of the S&P 500 in 55 years. Importantly, while all three of these stocks have the potential for massive revenue growth, they haven't realized that potential yet. . In Square's case, most folks are familiar with its point-of-sale platforms for small- and medium-sized merchants. Returns as of 10/29/2020. Between its high-profile messenger RNA (mRNA) vaccine candidate and repeated headlines suggesting that the company is making steady progress toward helping put an end to the pandemic, it's no surprise that Robinhood traders have rushed to speculate on Moderna's stock, pushing it to wild heights several times this year.

Given Buffett's and Berkshire's history of success, the stock is a no-brainer buy following its 2020 pullback.

Berkshire Hathaway CEO Warren Buffett. His focus includes renewable energy, gold, and water utilities. Don't forget, Berkshire Hathaway owns more than five dozen diverse subsidiaries. More specifically, periods of wild vacillations in equities tend to bring short-term traders and penny stock investors out of the woodwork. The company expects to transition toward profitability through 2021 by continuing to reduce costs and increasing revenues. Aside from its coronavirus vaccine candidate, Moderna has 20 other therapies in development across a range of oncological, respiratory, and autoimmune diseases. Canopy isn't profitable, but it is rapidly growing, reporting year-over-year quarterly revenue growth of 22%. Cash App gives Square a variety of ways to generate revenue.

As with Amazon, what people know Square for may not, ultimately, be the company's biggest long-term catalyst. Between the end of 2017 and June 2020, Cash App's MAUs have more than quadrupled from 7 million to over 30 million. Was it All Bad News in Aphria's Q1 Results? This cash acts as a bit of a downside buffer for Berkshire Hathaway's stock and gives the Oracle of Omaha some firepower to go shopping if he sees a bargain. Stock Advisor launched in February of 2002. Despite falling revenues, Aurora increased its cannabis production volume by 23% and reduced its cost per gram of cannabis sold by 27% in the most recent quarter. As of mid-August, Square was the 64th-most-held stock on the Robinhood platform, with over 40,000 net users piling into the company since mid-March. Robinhood Financial LLC operates as an institutional brokerage company. Let's conquer your financial goals together...faster.

Penny Stocks Under $1 On Robinhood: Hexo Corp. If not for its coronavirus vaccine, Robinhood traders probably wouldn't give Moderna a second look until its pipeline programs have matured. But the real growth driver for Square looks to be its peer-to-peer payment platform Cash App. If there’s been one marijuana penny stock continuing to attract Robinhood traders, it’s been Hexo Corp. (HEXO Stock Report).It’s one of the … Robinhood Financial LLC The Company provides online and mobile application-based discount stock brokerage solutions that allows users to invests in publicly-traded companies and exchange-traded …



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