Small-cap stocks saw a 3.2% uptick this week, drawing attention from Investing Robinhood portfolios. Russell 2000 strength often signals confidence in domestic growth, though analysts warn that inflation data could reverse the trend. This isn't the first time Robinhood has suffered a sharp downturn in its crypto business. The company's crypto revenue soared 4,560% in the second quarter of 2021 and accounted for half its total transaction revenue. But in the second quarter of 2022, just one year later, its crypto revenue had plummeted by 75%. The promising estimate revisions have helped Robinhood Markets earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Investing Robinhood swing traders entered defense sector stocks as global tensions rise. Lockheed Martin volume rose sharply, reflecting defensive positioning strategies in volatile markets.
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