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Robinhood

Crypto Stonks Are Booming! Top Crypto Stocks to Watch NowFrom Memecoins to Mega Stocks While crypto traders have been focused on finding the next big memecoins like Doge , crypto-related stocks have also been performing well this year. In today’s analysis, we’ll dive into some crypto related stocks you might want to keep an eye on 1. Coinbase ( NASDAQ:COIN ) First on our list is Coinbase, the top US crypto exchange with a market cap of $48 billion. Since its IPO in April 2021, Coinbase has gained a reputation as a trusted exchange known for its regulatory compliance. Besides its exchange services, Coinbase offers a self custody wallet popular among the crypto community, with over 10 million downloads. In February 2023, Coinbase launched its own layer 2 blockchain, Base , which has since recorded over $1 billion in total value locked and averages daily transaction volumes of over $400 million. Coinbase has also played a part in advancing spot Bitcoin ETF approvals, forming a surveillance-sharing agreement with the Chicago Board Options Exchange in July 2023. Additionally, Coinbase partnered with **Stripe** in June to boost the global adoption of USDC. This partnership enables crypto payouts and a fiat-to-crypto onramp, making it easier for users to buy crypto with credit cards and Apple Pay through Coinbase Wallet. Coin is up over 350% since our first signal 2. MicroStrategy ( NASDAQ:MSTR ) Next up is MicroStrategy, with a market cap of $26 billion. Known for its business analytics software, cloud services, and AI-powered analytics, MicroStrategy is more famous for its Bitcoin holdings, driven by the advocacy of Executive Chairman Michael Saylor. Under Saylor's leadership, MicroStrategy became the first public company to adopt Bitcoin as a strategic investment in August 2020, citing its potential as a store of value. The company accumulated over 121,000 BTC by late 2021 and continued adding to its holdings, despite price volatility and leverage risks. As of 2024, MicroStrategy’s Bitcoin holdings have reached 226,500 BTC, and the company’s stock hit new all time highs, demonstrating its strong correlation with Bitcoin's performance. Mstr is 100% up since our first signal 3. Block ( NYSE:SQ ) Formerly known as Square, Block is a fintech company founded by Jack Dorsey and Jim McKelvey, with a market cap of $38 billion. Starting with small-business payment solutions like Square POS, Block launched **Cash App** in 2013 to provide a user-friendly platform for consumers, competing with services like PayPal and Venmo. Cash App generates revenue through transaction fees, subscription payments, and Bitcoin sales. It even supports the Lightning Network for quick Bitcoin transactions. Beyond payments, Block owns a majority stake in Tidal, a music streaming service, showing its diverse portfolio. 4. Robinhood ( NASDAQ:HOOD ) Lastly, we have Robinhood, with a market cap of over $15 billion. Founded in 2013 by Stanford graduates Vladimir Tenev and Baiju Bhatt, Robinhood became known for its free, user-friendly trading app, which gained significant popularity during the COVID19 pandemic Robinhood found itself in the spotlight during the 2021 GameStop and WallStreetBets saga, where it faced backlash for restricting trades on memestocks like $GME. This led to a lawsuit and a $70 million penalty from FINRA for misleading customers and service outages. Despite this, Robinhood continues to grow, boasting 23.9 million funded accounts and nearly $130 billion in assets under custody as of May 2024. Robinhood has made some notable moves recently, including acquiring Pluto Capital, which provides AI-driven investment advice, and securing a deal to acquire crypto exchange Bitstamp. Wrap up If you’re wondering about Bitcoin mining stocks, don’t worry we had a separate analysis just for that. Crypto Bull market just started and be ready for more analysis which stock or crypto coins you are bullish now and why?
NASDAQ:COINLong
by moonypto
1
Robinhood Dives Into Election Betting, Its Ambition Might be BigRobinhood has just launched election contracts, allowing users to trade on the outcome of the 2024 U.S. presidential election between Kamala Harris and Donald Trump. The new contracts rolled out to a limited number of customers on October 28. Customers enable margin and options trading and need to be approved for a Robinhood Derivatives account. With contracts set at $1.00 for correct predictions and $0.00 for incorrect, the payouts will be determined post-election certification in early 2025. Contracts are available only for Yes positions, except that a No position can be placed to close out an existing Yes position. Customers may not simultaneously hold a Yes position for both candidates. This launch follows recent regulatory developments, such as the D.C. Circuit's approval for Kalshi and Interactive Brokers to offer similar contracts. While the CFTC voiced concerns about election integrity, the court permitted Kalshi to move forward, opening the door for Robinhood. I don’t think Robinhood cares much about making money off Election contracts a week before the election — I think they are going for something much, much bigger…which is a marketplace to bet on anything, marking a potential shift beyond traditional stock and crypto markets. In my view, this signals a strategic pivot for Robinhood toward a broader, all-encompassing platform where users may eventually wager on global events, similar to derivative markets. Paired with recent rollouts like index options, futures, and a new trading platform, Robinhood’s rapid innovation rate is noteworthy. Their agility demonstrates a keen ability to stay relevant in an evolving financial landscape, and if successful, this could redefine event-based trading. Will this direction lead to a major expansion beyond traditional asset classes? Robinhood’s progress here will be intriguing to watch. Robinhood is showing some impressive innovation here, and if this new product performs well, it could really boost the company’s diversification. But back to the stock itself—after a 126% jump year-to-date, is now still a good time to buy? Technically, In the long term, the current stock price is in an upward trend, but in the short term, the price has reached the upper edge of the bullish channel, making it susceptible to be rejected for a pullback. Furthermore, compared to the previous increases, the recent uptrend momentum has significantly weakened, further confirming the high risk of a short-term pullback. Moreover, according to historical patterns, before each pullback in this uptrend, there tends to be a KDJ bearish divergence. The reemergence of this divergence currently suggests inadequate upward momentum, indicating that a short-term pullback in prices may occur at any time. Therefore, although the Robinhood's presidential election contracts is highly favorable, from a rational perspective, it is advisable to entry after a short-term pullback.
NASDAQ:HOODLong
by xugina78
ROBINHOOD TO $70?! Let's break it down.NASDAQ:HOOD TO $70?! Let's break it down. 5 REASONS WHY: 1⃣ 4/5 ON THE "High Five Setup" trade strategy 2⃣ Strong fundamentals and AMAZING Sentiment 3⃣ The forming of a CUP N HANDLE pattern. Measure Move: $70 4⃣ Growth Beast! Newer generations are on board! 5⃣ Continue to grow their products and offer great deals for people to switch. Like the HOOD week, which had up to 3% match. They got me to move because the deal was too good to pass up! Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 When does NASDAQ:HOOD get to $70 per share?! Drop a comment below. Not financial advice. #tradingstrategy #TradingTips
NASDAQ:HOODLong
by RonnieV29
4
Inflation Increases 2.5%, Setting Scene for Rate CutMarket Update, September 13th 2024 Takeaways Inflation stays under control: The Consumer Price Index increased 2.5% in August compared to the previous year, down from the 2.9% bump in July. The latest data indicates the Federal Reserve will likely cut interest rates by 25 basis points next week. Bankrupt crypto exchange FTX has reached a $14 million settlement with Emergent Technologies, resolving a dispute over 55 million Robinhood shares: The agreement avoids further legal action and allows Emergent to finalize its bankruptcy proceedings. US spot bitcoin ETFs have seen a streak of daily net outflows, with nearly $1.2 billion withdrawn in just eight days: The downturn coincides with broader market volatility. The North Carolina Senate has passed a bill prohibiting state participation in any Federal Reserve-sponsored CBDC testing: The bill bans payments to the state using a CBDC. It passed despite a veto by Governor Roy Cooper. 🕰️ Topic of the Week: Understanding Interest Rates 🫱 Read more here
GEMINI:BTCUSD
by Gemini
Robinhood Stock Rises 2.51% After Record ReportKey Takeaways: - Robinhood's ( NASDAQ:HOOD ) stock rose 2.51% following its impressive Q2 earnings report, showcasing record earnings and revenue. - Earnings per share (EPS) increased to $0.21, surpassing expectations, while revenue soared 40% to a record $682 million. - Significant growth in transaction-based revenue and assets under custody highlights Robinhood's expanding influence in the financial services industry. Robinhood Markets Inc. ( NASDAQ:HOOD ), the mobile-first brokerage known for revolutionizing retail trading, saw its stock rise by 2.51% following the announcement of its record-breaking Q2 earnings. The report highlights Robinhood's continued growth as a dominant player in the financial services sector, despite ongoing challenges in the broader market. Record Earnings and Revenue Surpass Expectations Robinhood's second-quarter performance was a standout, with earnings per share (EPS) climbing to $0.21, an increase of $0.18 from the previous year. This figure easily surpassed analysts' expectations, which had forecasted $0.16 per share. Revenue, too, hit a new high of $682 million, marking a 40% year-over-year increase and exceeding the $640 million anticipated by FactSet. One of the most impressive aspects of Robinhood's financial performance was the 69% surge in transaction-based revenue, which reached $327 million. This growth was driven by a 43% jump in options revenue and a staggering 161% increase in cryptocurrency revenue. Robinhood's net interest revenue also rose 22%, benefiting from higher securities lending activity and rising short-term interest rates. User Growth and Asset Expansion Robinhood's platform continues to attract new users and assets, albeit with some challenges. The company reported a 57% increase in assets under custody, which reached $139.7 billion. Monthly active users (MAUs) grew by 9% to 11.8 million, although this fell short of the 13.45 million predicted by FactSet. Despite the slight miss, the company's average revenue per user (ARPU) rose by 35% to $113, indicating increased engagement and monetization of its user base. The Robinhood Gold premium subscription service also saw significant growth, with subscribers increasing by 61% to 2 million. This rise reflects the company's success in upselling more advanced trading tools and services to its users, further enhancing its revenue streams. Net deposits hit a record $13.2 billion, with an impressive annualized growth rate of 41%, showcasing the trust and confidence retail investors continue to place in the platform. Challenges and Opportunities: While Robinhood's Q2 performance was impressive, the company faces challenges, particularly in its stock price movement and upcoming ventures. The stock has been in a steep downtrend since mid-July, despite being up 34% for the year through Wednesday. The shares are currently testing support at their 200-day moving average, a critical technical level that could determine their short-term direction. Looking ahead, Robinhood's entry into futures trading represents a significant opportunity and a potential risk. The company has not yet disclosed its fee structure for futures trading, but the higher costs associated with executing these complex financial products could lead to the introduction of fees. This move might be met with caution by Robinhood’s user base, which has grown accustomed to commission-free trading. J.P. Morgan analysts have suggested that this development could be pivotal in Robinhood's evolution into a full-fledged financial services provider. Conclusion Robinhood's strong Q2 results and expanding service offerings is a testament to its growing influence in the financial industry. The company's ability to consistently exceed expectations, both in terms of earnings and revenue, speaks to its robust business model and its appeal to a wide range of retail investors. However, as Robinhood continues to innovate and introduce new products, it must carefully navigate the challenges that come with growth, including maintaining user trust and managing costs. The future looks promising for Robinhood, but the path forward will require strategic planning and execution to sustain its momentum in a competitive market.
NASDAQ:HOODLong
by DEXWireNews
40% Increase on the horizonLets keep it simple. We flipped the VAH into support and continue to build value above, next area to test is the VAL above 40% higher. A nice pump is incoming and keep in mind, if the crypto market is bullish so is Robinhood. Stay focused. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
NASDAQ:HOODLong
by Navitility
ROBINHOOD - Long Term Exponential PotentialROBINHOOD - Long Term Exponential Potential HOOD as a less favored stock has been bottoming in price for over 2 years....I believe the GameStop saga coming to an end and their rich product suite along with major growth presents a potential exponential opportunity ✅ Exponential Return Opportunity: The price fell 78% from $85 to $6.81 and since June 2022 has built out a bottoming base making three higher lows in price. Hood has the potential to 5x or 6x from current levels to ATH’s or fall 40% to the all time low. Its small market cap of $9.78B means it can increase in multiples easier than larger brokerage firms such as Charles Schwab (bought TD Ameritrade) and Vanguard Group who are both in the trillions for market capitalization. ✅ Entering New Markets: At the end of Q3 2023 HOOD entered UK Market offering their brokerage services there. The company is expanding it reach. ✅Aggressive Customer Acquisition Strategy: There has been a surge in demand for their 3% IRA and old 401k rollover match which offers better interest returns than many of the other large IRA providers in the market. An aggressive marketing campaign has resulted in a 3 week backlog in applications (growing pains). These offerings require people to hold the funds in their IRA's in Robinhood for 5 years, and also be a Robinhood Gold member for 1 year. This will be great for retention of Assets Under Management (AUM) and could result in a sticky customer base. ✅ HOOD Credit Cards are coming: The CEO has hinted at a release of Credit cards with zero fees to align with HOOD’s mission to democratize finance which may become available in early 2024. Limits may be based on income, not credit score, aiding poor credit access. ✅ Bad Press Dissipating: Robinhood faced significant consequences for the GameStop scandal, including a fine of $57 million from FINRA and a class action settlement payment of $9.9 million. They have also settled another what appears to be potentially one of the FINAL lawsuits with Massachusetts for $7.5 million (Jan 2024). Some would argue that this closes off the GameStop event, whereby HOOD disabled long entries for GameStop stock to halt a rapidly rising short squeeze. Some people argue that HOOD had no option at the time but to halt trading as this was demanded by Citadel - Robinhood's market-maker partner (whose business would have taken a significant hit if the short squeeze was not averted). You have to wonder though, could this overreach occur again? And you have to wonder if the halt was not put in place could it have led to bankruptcy's which would have impacted a lot more general customers. HOOD is overhauling its digital engagement practices and intends to take steps to increase cybersecurity as part of its legal settlements. I don't agree with what happened however as a trader, with my trader lens on, bad news often presents great buying opportunities. SUMMARY The GameStop bad news event appears to be gradually dissipating and given the volume of customers onboarding, the expansion and growth the company is demonstrating, the new products being brought to market and how the chart appears to be basing over 2 years whilst establishing two higher lows, its looking like the bottom may be in. There is an exponential growth opportunity for all the long winded traders out there, strong support of POC and we recently got a bounce off the 200 day moving average on 16th Jan. A long term exponential trading opportunity is there to be had. Thanks for coming along PUKA
NASDAQ:HOODLong
by PukaCharts
Robinhood waking up bigtime Macro signs BULLISHHi guys this is a MACRO analysis on Robinhood (HOOD). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down from their previous tops. Which means potentials for longterm gains for many names possible. During the decline of assets, price action may create specific chart patterns that may signal the bottom. For HOOD -> such a pattern was observed. We've been in this pattern since January 2022. Making it a BIG DEAL. Acting like a pressure cooker if you will. This pattern is known as the Rectangle pattern, better known as Consolidation or Consolidation zone. Remember chart patterns must be traded on confirmation of a breakout. Its never a good idea to buy within chart patterns as experts say within chart patterns its a 50/50 chance. Therefore, probabilities increase once confirmation comes in. We are currently in the process of trying to breakout. I am now on full observation mode, as i will be looking to add. This current move was initiated by a retrace to the golden FIB ratio at around 10.60$. We maintained support, allowing for our current UPTREND. Notice also i have momentum indicators up. STOCH RSI has crossed Bullish. This will allow for buying to commence. MACD is also giving MACRO bullish signs, BULLISH CROSS ABOVE the 0 level and increasing size of the histobars. Major uptrends occur when MACD is crossed bullish above 0 level, you could even say Bull markets occur. We will continue our Uptrend until Bearish crosses are seen. Now lets look at the market structure above the consolidation zone. Notice how theres not much data above. Only a single sharp group of candles on the left. This shows no resistance exists above consolidation zone. This means price action above will cut through like butter to my 1st target zone at around $30-35. NOW REMEMBER watch for confirmation of a breakout atleast on the 1 day but 1 week prefered. I will be continously updating new information as needed. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on HOOD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:HOODLong
by SafofAllTrades
2
Robinhood Surges 12.23% On Analyst UpgradeRobinhood Markets ( NASDAQ:HOOD ) has surged past an alternative buy point, adding to its significant gains. The online trading platform reported earnings and sales that exceeded Wall Street's estimates due to a surge in retail cryptocurrency trading. Robinhood ( NASDAQ:HOOD ) earned 18 cents a share, a significant shift from a year-ago loss, and revenue surged 40% year over year to a record $618 million. Analysts expect its first-ever full-year profit in 2024 at 78 cents per share. The company's CEO, Jason Warnick, stated that the company delivered significant revenue growth and margin expansion in Q1 and is focused on driving another year of profitable growth in 2024. BofA Securities upgraded Robinhood stock ( NASDAQ:HOOD ), raising it from underperform to buy, with a new price target of 24, up from 14. In response, Robinhood stock ( NASDAQ:HOOD ) surged more than 11% in Friday afternoon trading. The Relative Strength Index (RSI) is nearing a fresh high currently at 63.98, indicating significant stock market outperformance that could pay off well for the stock.
NASDAQ:HOODLong
by DEXWireNews
Robinhood's Earning's Preview: Dissecting the Q1 2024 ResultsRobinhood ( NASDAQ:HOOD ) has achieved record revenues and profitability in Q1 2024, driven by growth in cryptocurrency, options, and equities trading. The company's earnings report for Q1 2024 showed a 40% increase in total net revenues, primarily driven by transaction-based revenues. Cryptocurrency trading revenues soared by 232% to reach $126 million, reflecting the growing popularity of this market among retail investors. Options trading also contributed significantly to transaction-based revenues, generating $154 million, a 16% increase compared to the previous year. Equities trading revenue increased by 44% to reach $39 million. Robinhood's profitability metrics showed remarkable improvement, with a net income of $157 million for Q1 2024, compared to a net loss of $511 million in Q1 2023. Adjusting for non-recurring items, Robinhood's Adjusted EBITDA soared by 115% year-over-year to reach $247 million. Robinhood's user base data showed a year-over-year increase of 810,000 Funded Customers, investment accounts, and assets under custody (AUC) reaching 24.9 million. The company's average Revenue Per User (ARPU) increased by 35% year-over-year to $104, demonstrating its ability to monetize its growing user base effectively. Robinhood Gold, the company's premium subscription service, also experienced substantial growth, with subscribers reaching a new high of 1.7 million, representing a 42% increase compared to the previous year. Robinhood's Q1 2024 financial report showcased impressive growth and customer engagement, highlighting the company's strategic initiatives to drive growth and solidify its position as a leading financial services provider. The company has focused on expanding its product offerings, exploring new markets, and innovating its platform to cater to evolving user needs. Robinhood Gold, its premium subscription service, is a key driver of customer engagement and revenue growth. The company announced the launch of a 1% unlimited deposit boost for Gold subscribers and introduced the Robinhood Gold Card, a credit card exclusively for Gold subscribers. Robinhood ( NASDAQ:HOOD ) has also expanded its offerings to recognize the growing demand for retirement planning tools, with the 3% retirement transfer match promotion attracting over $4 billion in retirement assets transferred from competing brokerage firms. International expansion remains a key element of Robinhood's growth strategy, with full availability in the United Kingdom in March 2024. Robinhood's 24-hour Market has extended trading access for customers, resulting in record overnight trading volumes. However, Robinhood ( NASDAQ:HOOD ) faces potential risks and regulatory headwinds that could impact its future growth and profitability. Regulatory scrutiny, particularly regarding cryptocurrency trading operations, is a significant concern. The company's reliance on the Payment for Order Flow (PFOF) model presents a potential vulnerability, as regulatory changes or potential bans on PFOF could disrupt this revenue stream and necessitate adjustments to Robinhood's business model. Market volatility poses a challenge for Robinhood ( NASDAQ:HOOD ), as fluctuations in asset prices and trading volumes can impact transaction-based revenues. The company must remain adaptable and responsive to changing market conditions to mitigate these risks and ensure sustainable growth. Technical Outlook Robinhood stock ( NASDAQ:HOOD ) is up 1.5% trading within the 50-day Moving Average (MA) with a Relative Strength Index (RSI) of 55.78 which is moderate and prime for further surge.
NASDAQ:HOODLong
by DEXWireNews
GameStop Jumps Again - Up 118%GameStop shares recently surged by 118% in two days, coinciding with the return of Keith Gill, known as "Roaring Kitty," who ignited interest with a cryptic social media post. This event underscores the ongoing challenge that meme stocks like GameStop pose to traditional financial analysis. Historically, GameStop experienced a massive spike in January 2021, with shares increasing over 2600% due to coordinated buying by retail investors on platforms like Robinhood and social media forums. Although the stock quickly lost nearly 90% of its value from its peak, showcasing the high risks of such volatile investments, it has shown signs of recovery. After a period of stagnation, GameStop's stock rose sharply by 75% on Monday and saw early gains of 113% on Tuesday before settling to a 60% increase by the day’s end due to selling pressure. With the stock's history of dramatic fluctuations, there is potential for surpassing its all-time high of $120, but significant volatility remains, with the $50 mark being a critical resistance level to watch. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NYSE:GME
by Sublime_Trading
Robinhood Gain as Retail Trading Rebound Powers Record QuarterRobinhood shares ( NASDAQ:HOOD ) rose after the retail brokerage reported stronger-than-expected first-quarter results, with net income of $157 million, or 18 cents per share, and record revenue of $618 million. Cryptocurrency transactions accounted for $126 million in revenue in the quarter. The company's earnings per share and revenue numbers were both records for the firm, and the stock jumped more than 5% in after-hours trading. Robinhood ( NASDAQ:HOOD ) surged in popularity during the Covid-19 pandemic in 2020 and 2021, but has since seen user activity and revenue mirroring market action. Regulatory uncertainty has clouded the future of the company's cryptocurrency business, with the U.S. Securities and Exchange Commission issuing a Wells Notice to the company, signaling potential legal enforcement action over the company's cryptocurrency business. Robinhood's chief legal, compliance and corporate affairs officer, Dan Gallagher, expressed disappointment in the SEC's decision and believes that the crypto assets on its platform are not legally securities. The company reported a year-over-year increase in funded customers to 23.9 million and assets under custody to $129.6 billion.
NASDAQ:HOOD
by DEXWireNews
SEC issues Robinhood Crypto with Wells NoticeRobinhood ( NASDAQ:HOOD ) Markets has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) citing alleged securities violations. The crypto unit of Robinhood Markets, Robinhood Crypto, received the notice on May 4. The SEC staff has made a preliminary determination to recommend an enforcement action against Robinhood Crypto, alleging securities violations. Robinhood Markets, Inc., ( NASDAQ:HOOD ) Chief Legal, Compliance and Corporate Affairs Officer, Dan Gallagher, expressed disappointment that the agency has decided to issue a Wells Notice related to their U.S. crypto business. Last year, Robinhood ( NASDAQ:HOOD ) Markets said it had received an investigative subpoena from the SEC related to listings of cryptocurrencies. The SEC has previously targeted decentralized crypto exchanges like Uniswap and Coinbase, and Ethereum development studio Consensys. Consensys later moved to sue the SEC, arguing that regulating ether as a security would jeopardize the U.S.'s ability to use Ethereum and other blockchains. The implications of regulating ether as a security would extend beyond digital asset trading, jeopardizing the future of innovations, products, and U.S. jobs that the next generation of the Internet will unleash.
NASDAQ:HOODLong
by DEXWireNews
Robinhood TP 23- 33 After earnings ? Reasons Why !! In Q4 2023, Robinhood’s net revenues increased by 24% year-over-year to $471 million. This growth was driven by higher net interest, transaction-based, and other revenues1. The company reported net income of $30 million, a significant improvement from the net loss of $166 million in Q4 20221. Adjusted EBITDA rose to $133 million, a 62% increase year-over-year1. Customer Growth and Assets Under Custody (AUC): Funded Customers increased by 420 thousand year-over-year to 23.4 million1. AUC surged by 65% year-over-year to $102.6 billion1. Market Expectations and Confidence Robinhood’s ability to turn a profit in Q4, coupled with its record annual revenues, suggests that its strategic initiatives are paying off. The company’s innovative features and strong financial performance have instilled confidence in investors. Remember that stock prices often respond to earnings reports. If the market believes a company is performing well, stock prices tend to go up. Conversely, if confidence wanes, stock prices may decline2. Keep an eye on Robinhood’s upcoming earnings report on Wednesday, May 8th, 20243. It will provide further insights into the company’s performance and may impact its stock price.
NASDAQ:HOODLong
by NYRUNSGLOBAL
📈🚀 Robinhood (HOOD) Growth Analysis 📊💰User Growth Momentum: NASDAQ:HOOD demonstrates impressive user growth driven by strategic promotions and incentives, solidifying its position with 23.6 million funded accounts as of February. Institutional Investor Appeal: Initiatives like the 3% match on IRA contributions attract institutional investors, boosting assets under custody to $118.7 billion. Revenue Diversification: Subscription revenue, particularly from Gold membership, saw a 25% increase in Q4 and is expected to rise further with continued advertising and promotions. Trade Projection: Bullish stance above $14.50-$15.00. Upside target of $28.00-$30.00 reflects potential growth and value appreciation as Robinhood expands its user base and revenue streams. 📈💡 Stay tuned for HOOD's growth trajectory! #Robinhood #FinancialIndustry 🚀📊
NASDAQ:HOODLong
by Richtv_official
SHIB, THE LITTLE DOG THAT COULD AND PROBABLY WILLI still prefer dogecoin HOWEVER, I think there is a chance to make money on a lot of things SHIB is one of those for a lot of reason. Technicals is the focus here so I'm not getting into fundamentals Here is the chart All rejection trends, no support trends, however they are all trading in the bullish direction This chart has some sell targets (light red) Buy targets (light green) Rejection trends (red) Remember, a breakout can go pretty high and overextend this chart. If I don't have a new one by that point covering the movement, please comment because I currently have a lot of open charts and keeping all of them updated is.. not the easiest thing in the world, so I definitely miss old charts at times. I have literally zero issue with anyone ever commenting asking for an update because I'm slacking, wrong or really anything. I'm still bullish This price is going up because something weird is happening behind the scenes. IDK what, but I have guesses. BUT. Even at a bullish look, there is still a lot of chances to lose a lot of money so don't jump into a dumb trade just because. There is always time to be patient and time your buy even if you miss out of some potential profits. Crypto moves fast and sometimes can really burn you on a high side buy. GOOD LUCK!!
COINBASE:SHIBUSDLong
by nicktussing77
1
Robinhood Stock Surge Amidst New Credit Card LaunchRobinhood Markets Inc., ( NASDAQ:HOOD ) the disruptive force behind commission-free trading, is poised to revolutionize the financial landscape once again with the introduction of its Robinhood Gold Card. This groundbreaking venture marks Robinhood's expansion beyond its traditional brokerage services into the realm of financial services, positioning itself as a comprehensive financial platform for the modern consumer. The Robinhood Gold Card, exclusively available to members of the firm's subscription-based Gold program, is set to redefine the credit card experience. Offering unparalleled benefits with no annual fees or foreign transaction charges, the card boasts an impressive 3% cashback on all categories of purchases. This generous rewards structure eclipses competitors like JPMorgan Chase & Co.'s Chase Sapphire Reserve, which limit similar rewards to select transactions. Robinhood's CEO, Vlad Tenev, expressed ambitious aspirations for the Gold Card, stating, "Our goal is to enter this market in a big way." Tenev emphasized the company's commitment not merely to introduce a credit card, but to pioneer a product that sets industry standards and propels financial innovation forward. Market response to Robinhood's ( NASDAQ:HOOD ) announcement has been overwhelmingly positive, with the company's shares skyrocketing by 6.9% to $20.61 in early trading following the news. This surge builds upon an already impressive trajectory, with Robinhood's stock rising by 51% through the close of trading on Tuesday, far outpacing the broader market. However, the Gold Card launch represents only one facet of Robinhood's strategic evolution. The company has been steadily diversifying its offerings, transcending its origins as a retail brokerage service. Last year, Robinhood unveiled a retirement product, signaling its commitment to long-term financial planning. The response has been remarkable, with over 500,000 Robinhood retirement accounts opened by the end of last year, boasting deposits totaling $1.7 billion. This figure has since surged to over $3 billion by February, underscoring the growing trust and engagement of Robinhood's customer base. Central to Robinhood's expansion into the credit card space is its acquisition of credit card issuer X1 Inc. for approximately $95 million. With co-founder Deepak Rao assuming the role of general manager of credit cards for Robinhood, the company is well-positioned to navigate the complexities of the credit card industry and drive the Gold Card rollout to new heights. The introduction of the Robinhood Gold Card marks a pivotal moment in the company's trajectory, solidifying its transition from a trading app to a financial powerhouse. By offering innovative financial products with customer-centric features, Robinhood is redefining the way consumers engage with their finances, setting the stage for a new era of financial empowerment and accessibility. Technical Outlook Robinhood stock ( NASDAQ:HOOD ) is trading above the 200-day Moving Average with a positive Relative Strength Index (RSI) of 69.70 indicating further price breakthrough. In an increasingly competitive landscape, Robinhood's bold vision and relentless pursuit of innovation are reshaping the future of finance, empowering individuals to take control of their financial destinies like never before. As the Gold Card rollout gains momentum, Robinhood's journey toward becoming a holistic financial platform is poised to revolutionize the industry and redefine the expectations of modern consumers.
NASDAQ:HOODLong
by DEXWireNews
Cathie Wood's Ark Invest Dumps $123M Worth of Coinbase stockCathie Wood's Ark Invest has divested approximately $123 million worth of shares in Coinbase ( NASDAQ:COIN ) and Robinhood ( NASDAQ:HOOD ) this week, signaling a significant shift in sentiment towards cryptocurrency-related stocks. Ark Invest, known for its bullish stance on disruptive technologies, made headlines as it offloaded substantial holdings in both Coinbase ( NASDAQ:COIN ) and Robinhood amid a surge in their stock prices. However, the timing of the divestments coincided with a notable slump in the prices of these companies' shares, raising questions about the firm's outlook on the crypto market. The divestment spree began on Friday, March 22, with Ark Invest selling off about $55.60 million worth of NASDAQ:COIN stock. The firm's ARK Innovation ETF (ARKK) witnessed a massive dump of 151,271 Coinbase shares, while ARK Next Generation Internet ETF (ARKW) and Ark Fintech Innovation ETF (ARKF) also registered significant divestments. This sell-off continued throughout the week, with Ark Invest shedding approximately $52.27 million worth of Coinbase stock on Thursday alone. The total weekly divestment amounted to a staggering $115.16 million, reflecting Ark Invest's bearish stance on crypto stocks in the short term. The timing of Ark Invest's divestments is notable, as it coincided with fresh 52-week highs for both NASDAQ:COIN and NASDAQ:HOOD stocks. However, the subsequent slump in prices following Ark Invest's sell-off raises questions about the firm's rationale and outlook on the crypto market. Cathie Wood's bearish outlook on crypto stocks contrasts with her firm's previous investments in disruptive technologies. This shift in sentiment suggests a cautious approach towards the volatile crypto market, with Ark Invest opting to reduce its exposure to Coinbase and Robinhood amid uncertain market conditions. While the massive dump from Ark Invest may raise concerns among investors, it also highlights the firm's proactive approach to managing its investment portfolio. By reassessing its positions in response to changing market dynamics, Ark Invest aims to navigate the volatile crypto landscape while maximizing returns for its investors.
NASDAQ:COIN
by DEXWireNews
Robinhood: Get your money back in GreenThis post is dedicated to all NYSE:GME Bag holders!! Time to get your money back in Green. NASDAQ:HOOD has taken a major hit to its price ever since the NYSE:GME debacle and deservingly so. With that said this company has brought in a whole generation of investors. The price is highly undervalued and poised to make a surge on the upside. The Technicals: After multiple retests to the major resistance level at $13, NASDAQ:HOOD has broken through and looking bullish for strong moves to the upside. Financial Performance: Robinhood recently reported a strong Q4 and full-year financial growth in 2024. They've seen a $1.3 billion net positive in brokerage account transfers and have a growing Gold subscriber base. This indicates that the company is on a solid financial footing and has a bright future ahead. Crypto Craze: With Robinhood's significant involvement in cryptocurrency and blockchain, the company is well-positioned to benefit from the crypto craze. As Bitcoin ETFs are approved in the U.S., Robinhood's stock could mirror Bitcoin's performance, making it an attractive investment for those who believe in the future of cryptocurrencies. International Expansion: Robinhood is actively targeting active traders and expanding its international presence. This aggressive growth strategy could lead to increased market share and higher profits, making it a potentially lucrative investment. Increased Gold Adoption: Robinhood has seen an increase in Gold adoption, which is a premium subscription service that offers additional features and benefits to users. This could lead to higher revenue and profits for the company. Positive Analyst Sentiment: Analysts such as Dan Dolev from Mizuho Securities and John Tadaro from Needham & Company have expressed a bullish outlook for Robinhood, citing factors like the company's strong performance and the potential for future growth. #Robinhood's robust financial performance, involvement in the crypto market, international expansion plans, increased Gold adoption, and positive analyst sentiment make it a stock worth considering for those looking to invest in the future of finance.
NASDAQ:HOODLong
by EgideSimba