Most Popular Stocks on Robinhood Today
Robinhood has taken Wall St by storm this past year, leading a retail army of traders behind it. The popular brokerage app now has over 22 million funded accounts, increasing 97% from last year. What’s more, the most popular stocks on Robinhood are making headlines again, with earning season rallying the market to new highs.
The popular app attracts young retailer traders with an average age of 31, with its “gamified” user experience. Robinhood makes it surprisingly easy to invest in stocks, offering same-day access to funds, fractional shares, and an easy-to-use interface.
On top of this, Robinhood is launching its crypto wallet with over 1 million people on the waitlist already. With this in mind, let’s look at the most popular stocks on Robinhood trending today.
Most Popular Stocks on Robinhood Today
By looking at trending stocks and studying price action, you can better understand where investors are putting their money. According to Robinhood’s 100 Most Popular, the top eight most popular stocks on Robinhood include:
- Disney (NYSE: DIS)
- NIO (NYSE: NIO)
- Microsoft (NASDAQ: MSFT)
- Amazon (NASDAQ: AMZN)
- Sundial Growers (NASDAQ: SNDL)
- AMC Entertainment (NYSE: AMC)
- Tesla (NASDAQ: TSLA)
- Apple (NASDAQ: AAPL)
Let’s take a closer look at these companies and why they’re popular among the Robinhood crowd.
#8 Disney
- Industry: Entertainment
- 1 Year Return: 35%
- YOY Revenue Growth: 45%
First on our list of most popular stocks on Robinhood is Disney. Everyone knows Disney from its theme parks and blockbuster movies. But, The Walt Disney Company is much more than that. In fact, It’s an umbrella company to some of the biggest brands around us, including:
- ESPN
- Hulu
- ABC
- Fox
- Marvel
- Lucasfilms
- Pixar
- FX
- National Geographic
Not to mention the company’s hit streaming app Disney + that’s racked up +116 million subscribers since its launch.
It’s no wonder investors are flocking to Disney with its slate of big movie releases, digital growth, and unmatched brand power.
#7 NIO
- Industry: Electric Vehicles
- 1 Year Return: 14%
- YOY Revenue Growth: 127%
As a leader in the biggest EV market globally, NIO is being closely watched as demand for EVs heats up. Seeing that through the first eight weeks of the year, 1.79 million EVs were sold in China, increasing 194% from 2020, NIO has a big opportunity.
NIO noted in its October update, the company saw sales decrease 27.5% YOY. Despite the recent drop in revenue, it’s due mainly to upgrades being done.
However, with several models launching next year and an expanding market, look for NIO to continue being one of the most popular stocks on Robinhood.
#6 Microsoft
- Industry: Software
- 1 Year Return: 56%
- YOY Revenue Growth: 22%
There’s no denying Microsoft is a top-tier stock, and its latest earnings shows it’s a force to be reckoned with. In fact, the results were good enough to promote it to the most valuable company in the world.
Microsoft is well-positioned to continue its dominant run with products including LinkedIn, Xbox, Windows, Skype, and Github. Not only that, but Microsoft’s cloud unit is also growing, up 36% from 2020.
#5 Amazon
- Industry: e-commerce
- 1 Year Return: 7%
- YOY Revenue Growth: 15%
Amazon’s business grew significantly during the pandemic as people turned to the convenience of delivery. In addition, Amazon’s cloud unit, AWS, has maintained steady growth in the cloud market with around 32% control.
Speaking of impressive growth, Amazon has now accomplished nine straight quarters of revenue growth since the start of the pandemic.
Given that, coming into the holiday season, look for Amazon to remain one of the most popular stocks on Robinhood.
#4 Sundial Growers
- Industry: Cannabis
- 1 Year Return: 276%
- YOY Revenue Growth: (-54)%
In a crowded Canadian cannabis market, Sundial Growers looks to be a bright spot in an overall gloomy market. Regardless, the TSX cannabis index is down 33% annually since it was started in Sept 2018.
But, Sundial just became a publicly-traded company last year and has made quite the impression since. First, blowing up in popularity on Reddit, Sundial was then considered one of the best penny stocks on Robinhood.
At the moment, the company is not profitable. But, recently, Sundial has made a number of moves to increase its market share. Its latest acquisitions of Alcanna and Spiritleaf give the company a massive boost in its retail presence.
#3 AMC Entertainment
- Industry: Entertainment
- 1 Year Return: 1,500%
- YOY Revenue Growth: 2,252%
The beloved movie theater chain has had a rollercoaster of a year after the pandemic made going to the movies nearly impossible.
Yet, since then, AMC stock has surged in popularity with the economy reopening. On top of this, Robinhood traders pushed prices over $70 a share this summer fueled by shorts covering their position. The massive increase in share price allowed the company to raise money and continue operations.
And now, with AMC theaters opening 100% of its theaters in the U.S, its earnings are showing recovery.
Keep reading to find the most popular stocks on Robinhood.
Most Popular Stocks on Robinhood – #2 Tesla
- Industry: Electric Vehicles
- 1 Year Return: 193%
- YOY Revenue Growth: 57%
At this point, it seems nothing can stop Tesla. Despite supply chain issues disrupting the auto industry, Tesla still delivered a record-breaking quarter.
The EV maker achieved its highest net income total, with revenue soaring 57%. Additionally, Tesla’s Shanghai factory is ramping production further. Whereas, its Berlin factory is on track for final permit approval by the end of the year.
Given these points, Tesla has big aspirations, thus the goal of 50% annual growth in the future. So far, Elon and the team are living up to the expectations, and I wouldn’t bet against them now.
Most Popular Stocks on Robinhood – #1 Apple
- Industry: Technology
- 1 Year Return: 32%
- YOY Revenue Growth: 29%
Apple is another company outperforming the competition. What’s more the iPhone maker delivered another record-breaking performance, with revenue growing 29%.
When it comes to brand power, few companies can match that of Apple. The company’s customer loyalty keeps propelling the company to new heights.
And in return, Apple continues rewarding shareholders with over $24 billion returned to shareholders in the last quarter. Because of this, look for apple to continue leading the most popular stocks on Robinhood.
Investing in the Most Popular Stocks on Robinhood
If you had invested in the most popular stocks on Robinhood a year ago, your account would be doing pretty well right now. As you can see, tracking trading volume can reveal where investors’ expectations stand.
By making it easy for people to start investing, Robinhood has attracted a whole new generation of traders. On top of this, the company is dipping into several high-growth categories like crypto trading and cash management.
Will the most popular stocks on Robinhood continue outperforming?
There’s a common saying in investing that goes something like “there’s no free lunch on Wall St.” In general, there’s no guarantee. Still, these companies are performing at a high level. For better or for worse, there are a lot of eyes on these top Robinhood stocks.
For more of the most popular stocks on Robinhood, sign up for Trade of the Day. This free e-letter will keep you up-to-date on real-time investment trends as they happen. Join now!