Best Penny Stocks To Invest In Robinhood

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Investors were pretty excited last year. The S&P 500 lost more than a third of its value in just 33 calendar days. Over the next nine months, that record dropped to record highs. It was wild and the young investors clearly loved every minute of it.

Best Penny Stocks To Invest In Robinhood

Best Penny Stocks To Invest In Robinhood

Robinhood, an online investment app with an average user age of just 31, attracted nearly 3 million new users in 2020. These millennials and novice investors tend to chase value stocks. Specifically, Robinhood investors can’t stop buying the following five high-risk, high-return stocks.

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Once on the radar for young investors, electric vehicle (EV) maker NIO (NIO 1.69%) is now the fifth most traded stock on the entire Robinhood platform.

This interest stems from the future potential of electric vehicles in China, the world’s largest automotive market, where NIO is based. It is predicted that by 2035, half of the cars sold in China will be electric cars.

In recent quarters, NIO has made efforts to significantly increase production capacity. In September, it unveiled its latest vehicle, the EC6 crossover. NIO reached at least 7,500 EVs per month in early 2021, delivering 7,007 in December. The company previously said it would work to reach an annual production capacity of 150,000 EVs in 2021.

NIO’s Battery-as-a-service (BaaS) program also appears to be a hit. NIO’s BaaS program lowers the initial price of its vehicles in exchange for buyers signing up for a paid monthly service program. Drivers can use the BaaS software to upgrade or replace batteries in the future. Most importantly, it helps speed up the adoption of NIO’s electric vehicles by limiting some of the upfront costs. This also ensures that the buyers retain the brand for a long time.

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Robinhood investors are also excited about data mining company Palantir Technologies (PLTR -1.04%) . After starting the year as the 49th most popular stock on the chart, it has now risen to the 29th position.

Palantir’s rapid sales growth primarily attracts the attention of young investors. Palantir’s two operational platforms — Gotham for the federal government and Foundry for the enterprise — are both growing rapidly, though Gotham has had the growth advantage in recent quarters.

In the long term, Foundry probably offers the most potential. The company is only scratching the surface in terms of acquiring big names. When it went public in late September, it had just 125 users. However, the company’s third-quarter report shows that Palantir’s customer concentration (that is, revenue generated by its top 20 customers) is declining (61% in the first nine months of 2020, compared to 68% in the comparable period of 2019). ).

Best Penny Stocks To Invest In Robinhood

Anything related to electric cars and energy infrastructure is a big hit with Robinhood’s millennial investors. That’s why we saw electric vehicle charging equipment and service provider Blink Charging (BLNK 2.47%) rise to 91st place in the rankings last week.

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The case for buying Blink is twofold. First, there are the logistics of servicing the growing number of electric vehicles on American roads. The Edison Electric Institute estimated in 2018 that the number of electric vehicles on U.S. roads will grow from 1 million at the end of 2018 to nearly 19 million by 2030. To achieve exponential growth, we need more Tesla Supercharger stations. Demand for electric vehicle charging.

Blink also benefited from the Democratic blue wave in the US elections. A small majority of Democrats in Congress are more likely to make electric cars and other alternative fuel infrastructure a priority in the coming years.

Blink, on the other hand, is still a very early stage company. Last week, the company sold 5.4 million shares after a monster run for total revenue of $221.4 million. But in the first nine months of 2020, it sold only $3.8 million. Blink Charging is still a high-risk operation.

Millennials and new investors love marijuana stocks. They also prefer penny stocks. Put the two together and you get Canada’s Licensed Sundial Manufacturer (SNDL 2.59%). Sundial is currently one spot ahead of Palantir (#28) in the Robinhood rankings.

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The best takeaway I can offer for owning Sundial is for investors to count on the Biden administration to legalize marijuana at the federal level. It’s certainly more possible since they control the legislature, but it’s far from a guarantee. Without federal legalization, Canadian weed will not enter the US weed market.

Worrying to investors is that, like most Canadian marijuana stocks, Sundial has shown little respect for its shareholders. To reduce debt, the company sold its common stock and converted some of its debt into equity. When the number of outstanding shares of a company increases dramatically, it reduces the value of the remaining shares. Not surprisingly, Sundial shares are down 76% in the past 12 months, even after quadrupling since early November.

Sundial is also moving from a wholesale cannabis business model to a higher margin retail model. It won’t happen overnight, and the company’s operating loss of C$151.5 million in the first nine months of 2020 shows that.

Best Penny Stocks To Invest In Robinhood

Like NIO, hydrogen fuel cell solutions company Plug Power (PLUG -0.91%) has been a leader in Robinhood’s rankings for months. It was the 11th most traded stock on the platform as of January 8.

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Plug Power grew last week after securing a $1.5 billion equity investment from South Korea’s SK Group. The two will form a joint venture to accelerate the use of hydrogen fuel cell technology in South Korea. According to the press release, South Korea aims to have about 6 million hydrogen fuel cell vehicles on the road by 2040 and about 1,200 charging stations. The deal, of course, means the company’s sales target of $1.2 billion by 2024.

But before this game-changing deal was announced, Plug Power was enjoying positive results from the US election. With Democrats in control of Congress, we are more likely to see green energy bills become law. Clean and renewable energy sources will be prioritized and this includes hydrogen fuel cell solutions.

It will be interesting to see how quickly Plug Power can translate the SK Group joint venture into real sales growth. The company’s high valuation of $22.3 billion probably depends on it.

Sean Williams has no position in any of the listed stocks. The Motley Fool owns and recommends Tesla stock. The Motley Fool owns shares of Palantir Technologies Inc. The Motley Fool has a disclosure policy.

Penny Stocks Trading In 2021: $zom And Others A Fifth Of U.s. Volume

Nio Inc. NIO $10.81 (1.69%) $0.18 SNDL Inc. SNDL $2.38 (2.59%) $0.06 Blink Charging Co BLNK $14.91 (2.47%) $0.36 Palantir Technologies Inc. PLTR $8.57 (-1.04%) $0.09

3 Monster Growth 253% to 650% Up 108% to 212% According to Wall Street 5 Ultra Popular Stocks Up 54% to 94% According to Wall Street High Octane Growth stocks. Wall Street Stocks 5 shares fell 50% (or more) from 62% to 133%, while Wall Street 5 stocks rose 103% to 146%, according to Wall Street.

It is calculated from the average return of all stock recommendations since the launch of the Fund Advisor service in February 2002. Pay from 27.10.2022.

Best Penny Stocks To Invest In Robinhood

Calculated using time-weighted returns since 2002. Volatility profiles based on estimates of the standard deviation of service investment returns over three years.

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Invest better with The Motley Fool. Get stock recommendations, portfolio guides and more from The Motley Fool’s premium services. Penny Stocks () is the best online place for Micro-Cap Stocks. You can find a comprehensive list of Penny Stocks and find articles on the best Penny Stocks, the best Penny Stock News and Micro Cap Stocks. 2021 is likely to be a big year for value stocks.

With so many penny stocks to buy at Robinhood, the options can be overwhelming. But because there are so many options, there are also many opportunities to make money with penny stocks on Robinhood. To better understand this, let’s take a look at why Robinhood is so important and what it means for investors.

Looking back at trading penny stocks and blue chips just five years ago, the complexity of setting up an account and the high cost of executing a trade meant that the barriers to entry were significant. It also meant that trading was reserved for those with medium capital and willing to pay the high costs associated with trading.

Best Penny Stocks On Robinhood

Although it has worked for decades

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