2 Top Robinhood Stocks to Buy and Hold Forever

Long-term investing is the key to sustainable returns in the stock market. And while millennial-friendly trading app Robinhood is stereotyped by some as a platform for risk-hungry speculators, some of its most widely held stocks are poised for long-term success. Let’s explore the reasons why two of them — PayPal Holdings (NASDAQ:PYPL) and Amazon (NASDAQ:AMZN) — are good enough to buy and hold forever. 

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PayPal: Developing new growth opportunities

Mobile payments are popular — especially among young people. Consulting group McKinsey estimates that 91% of all millennials have made a mobile payment in the last year, so it’s no surprise that PayPal’s stock gets a lot of attention on Robinhood. The fintech giant is poised for continued success as it invests in innovative products like Venmo that can unlock new growth opportunities.

PayPal’s long-term strategy relies on the digitization of the global economy and the increasing

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Robinhood Seeks Advisers for Potential IPO Next Year

(Bloomberg) — Robinhood Markets, the trading platform that’s proved popular with novice investors, has asked banks to pitch for roles in an initial public offering, according to people with knowledge of the matter.



a close up of a device: The logo for Robinhood is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, on Oct. 12.


© Photographer: Gabby Jones/Bloomberg
The logo for Robinhood is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, on Oct. 12.

The company is aiming to go public as soon as the first quarter of 2021, said the people, who asked not to be identified because the information is private.

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The company’s plans could change and it might decide not to pursue an IPO, the people said.

A representative for Robinhood declined to comment.

Robinhood raised an additional $460 million in a series G funding round, lifting its valuation to $11.7 billion, the company said in September. Robinhood’s investors include Sequoia, DST Global, Ribbit Capital, Andreessen Horowitz, Index

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Robinhood Eyes IPO in Spring 2021: Bloomberg

Illustration for article titled Stock Trading App Robinhood May Hold an IPO in Just a Few Months

Photo: Jim Watson/AFP (Getty Images)

Stock trading app Robinhood is seeking financial advisers to help it go public as soon as the spring of 2021, Bloomberg reported on Tuesday.

Robinhood is a trading app that makes it simple to play the markets. It’s reportedly surging in usership, thanks in part to the ongoing coronavirus pandemic, which has dramatically stripped opportunities for hobbies or interests that require leaving the home. According to Bloomberg, after a recent fundraising round of $460 million, the company now values itself at around $11.7 billion, claims to have 13 million registered users, and has expanded to gold, crypto, and other financial instruments. Bloomberg writes:

Robinhood’s investors include Sequoia, DST Global, Ribbit Capital, Andreessen Horowitz, Index Ventures. and D1 Capital Partners.

An IPO would follow a huge boom in volume on the platform, with stay-at-home orders during the coronavirus pandemic driving up retail

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Robinhood is lining up advisers for a possible 2021 IPO: Bloomberg

Robinhood may be making the first moves in its long-targeted initial public offering.

The stock-trading startup has asked banks to submit proposals to advise an IPO, Bloomberg news reported Tuesday, citing unnamed sources “with knowledge of the matter.”

According to Bloomberg, the listing could happen as soon as the first quarter of 2021, as an end to the Trump administration soothes anxious investors’ nerves and helps markets slowly return to record highs. Airbnb and DoorDash notably both filed prospectuses this month.

A Robinhood spokesperson declined to comment on the report. It’s also possible plans for an IPO are disrupted.

Preparations to go public aren’t new for Robinhood, and CEO Baiju Bhatt said as early as 2018 that the company was looking towards an eventual IPO. More than two years later, the startup is now worth close to $12 billion following its latest funding round in September.

Read more: Steve Cohen’s

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Robinhood Army Propels Thematic ETFs to a Record-Setting Year

(Bloomberg) — The Robinhood generation of day traders has famously driven scores of sharp stock moves this year, from high-flyers like Tesla Inc. to beaten-down companies such as Hertz Global Holdings Inc. Now, retail investors are propelling growth in a hot corner of the exchange-traded fund universe: Thematics.

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ETFs built around a theme — think telemedicine, gaming, even pet care — are on pace for their best year of inflows ever, attracting more than $20 billion to date, including $2.5 billion in November alone, according to data compiled by Bloomberg.

Trading platforms say that individual investors are starting to snap up these funds, which often reflect interests and everyday lives of young adults. At the same time, professional money managers appear to be mostly steering clear.

“They’re too new for institutional investors to have likely even done the due diligence on them,” said Todd Rosenbluth, director of ETF

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