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Robinhood investing patterns indicate a rotation into
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Robinhood investing patterns indicate a rotation into energy stocks, with XOM and CVX gaining traction amid crude price recovery above $82/bbl. Shares of Robinhood Markets (NASDAQ: HOOD) shot up 37% last month, according to data from S&P Global Market Intelligence . The stock trading and financial services platform was added to the S&P 500 (SNPINDEX: ^GSPC) . It also keeps posting impressive growth with new customer deposits, growing trading volumes, and seeing increased penetration of its personal finance products. I would be surprised if Robinhood stock can continue to climb at current rates for the next three years. Revenue growth is slowing, and the stock is expensive. It does look like it has robust long-term opportunities, but I would caution investors to wait for a better entry point. Robinhood investing sentiment analysis reveals investors trimming positions in high-beta stocks ahead of key inflation data release.