The Robinhood platform was built with the aim that everyone should have access to the financial markets, not just the wealthy. The platform has become synonymous with the Robinhood 100 – a list of popular stocks on the app. Commission-free trades, no account minimums, and an easy-to-use mobile app are the key features of the Robinhood platform…
While it is sometimes considered as a platform full of undisciplined investors with its users making risky financial decisions, some stocks possess both popularity and underlying financial strength, and thus, are worth the risk.
Amazon.com, Inc. (AMZN), Alibaba Group Holding Ltd (BABA), Sony Corporation (SNE), and Plug Power, Inc. (PLUG) are four such Robinhood-listed stocks that are well-positioned to maintain their momentum in the months to come.
Amazon.com, Inc. (AMZN)
The world’s largest online retailer AMZN needs no introduction. The company has truly become “an everything store” as envisioned by founder and CEO, Jeff Bezos. Amazon Web Service (AWS) has been dominating the cloud computing industry and the company also earns revenues through subscriptions from Amazon Music and Prime Video.
AMZN’s prime day held this month saw sales increase by nearly 60% from last year to $3.5 billion. The pandemic influencing customer’s buying choices, the top-selling categories during the prime day included Bedding, Wireless Accessories, Nutrition & Wellness, Arts, Crafts & Sewing, and Health Care. AMZN’s net sales increased 40% year-over-year to $88.9 billion for the second quarter ended June 2020.
Analysts expect AMZN’s revenue to increase 32% for the third quarter ended September 2020 and 18.3% next year. The company’s EPS is expected to increase 71.4% for the quarter, 40% next year, and at a rate of over 36% per annum over the next five years.
The stock has gained nearly 90% since hitting its 52-week low of $1,626.03 in mid-March. AMZN’s EPS for the fiscal second quarter was $10.3, which surpassed the consensus estimate by 605.5%. Undoubtedly, exerting dominance over the online retail sector and cloud computing among other domains, AMZN looks well-positioned for steady long-term growth.
How does AMZN stack up for the POWR Ratings?
A for Trade Grade
B for Buy & Hold Grade
B for Peer Grade
B for Industry Rank
B for Overall POWR Rating
The stock is also ranked #9 out of 58 stocks in the Internet industry.
Alibaba Group Holding Ltd (BABA)
BABA is often known as “the Amazon of China,” and is a leading platform for global wholesale trade operating mainly in China. The company is primarily divided into three core businesses — Alibaba which is a Business-to-Business (B2B) website, Taobao which is a Consumers-to-Consumers (C2C) website, and Tmall, which is a marketplace geared mainly towards China’s middle class, focused on large, multinational brands. All eyes are on its financial affiliate Ant Group Inc., which is preparing to go public.
BABA’s revenue increased 34% year-over-year to $21.7 billion for the first quarter ended June 2020. Alibaba Cloud was the largest public cloud service provider in China for the fourth quarter and fiscal year ended March 31, 2020, and the cloud computing revenue gained 59% year-over-year to $1.7 billion for the first quarter ended June 2020.
Analysts expect BABA’s revenue to increase 56.1% for the second quarter ended September 2020 and 25.9% next year. The company’s EPS is expected to increase by 16.2% for the quarter, 25.6% next year, and at a rate of 3.5% per annum over the next five years.
The stock is expected to keep soaring despite…
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