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Globe and Mail
an hour ago
- Globe and Mail
1 Reason to Buy Robinhood Markets (HOOD) Stock
Key Points Robinhood is attracting new customers at a rapid clip. Revenue grew 45% in Q2, yet Robinhood still offers a limited range of services compared to big brokers. As it continues to roll out new features, Robinhood could see an avalanche of asset growth. 10 stocks we like better than Robinhood Markets › Robinhood Markets (NASDAQ: HOOD) is breaking a new mold in the fintech market. The stock has rocketed 490% higher over the past year, sending its market cap toward $100 billion. While the stock might look overbought after such a steep rally, its customer assets are still very small compared to other leading financial service companies, which leaves plenty of room for the company (and stock) to grow in value over the long term. The more services Robinhood brings customers, the more it grows Robinhood's platform assets have increased from $89 billion in the second quarter of 2023 to $279 billion in Q2 2025. With fee-generating services like Robinhood Gold continuing to gain traction, revenue grew 45% year over year in the second quarter to $989 million. This is why the stock is still a buy at these highs. Robinhood is seeing this much growth while offering limited services compared to big brokers like Schwab. As it catches up, Robinhood could grow into a multitrillion-dollar financial services company. Robinhood's pace of new announcements has been remarkable. In the first quarter, it rolled out index options to all customers, and it followed that up in the second quarter with the launch of stock tokens in Europe, allowing those customers to trade over 200 U.S. stocks in the form of tokenized contracts on a blockchain. By the end of the third quarter, Robinhood plans to launch its new banking service too. These are just a few of the many announcements the company has made recently. As it continues to launch new trading products, including its Cortex AI -powered trading tool later this year, its platform assets will likely continue to grow. There are several products, including fixed-income securities, that Robinhood can eventually tap into to further support its growth. For perspective, Schwab has over $10 trillion in client assets. I wouldn't bet against Robinhood CEO Vlad Tenev's ability to grow Robinhood into one of country's largest brokerage services. The stock still offers tremendous long-term upside. Should you invest $1,000 in Robinhood Markets right now? Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Robinhood Markets wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025 Charles Schwab is an advertising partner of Motley Fool Money. John Ballard has positions in Robinhood Markets. The Motley Fool recommends Charles Schwab and recommends the following options: short September 2025 $92.50 calls on Charles Schwab. The Motley Fool has a disclosure policy.
National Post
an hour ago
- National Post
Air Canada flight attendants on strike, airline's flights cancelled
Article content The union has said its main sticking points revolve around wages that have been outpaced by inflation during the course of its previous 10-year contract, along with unpaid labour when planes aren't in the air. Article content 'Air Canada still refuses to compensate flight attendants for all hours worked,' said CUPE's press release. Article content 'The union has been firm: all safety-related duties should be paid at full hourly rate. Air Canada does not agree. On wages, Air Canada's last offer will still leave flight attendants living below poverty levels for many years to come.' Article content On Friday, the union released polling by Abacus Data indicating that 59 per cent of Canadians believe the federal government should respect flight attendants' right to take job action, even if it causes travel disruptions. Article content The weighted survey of 1,500 respondents, conducted Thursday and Friday, said 88 per cent of Canadians believe flight attendants should be paid for all work-related duties including boarding, delays and safety checks. Article content Four-in-five respondents said they support raising flight attendant pay to meet the rising cost-of-living. Article content Air Canada has said its latest proposal included a 38 per cent increase in total compensation over four years, including a new provision for ground pay 'that is industry-leading in Canada.' Article content The proposal would provide 'significant improvements' to health benefits and pension plans, an increase to paid vacation and measures to address union concerns about rest and work-life balance, the airline said. Article content 'It will make Air Canada flight attendants the best compensated in Canada,' the company said, adding its cabin crew already earn up to $17 more per hour than their counterparts at Air Canada's largest domestic competitor. Air Canada cancelled more than 600 flights over the past two days in preparation for a potential work stoppage, affecting 100,000 passengers. It said it will notify customers with imminent travel of additional cancelled flights and their options. Article content Article content The airline has said passengers whose flights are cancelled will be offered a full refund or the opportunity to change their travel plans without a fee. Article content It added it strongly advises affected customers not to go to the airport unless they have a confirmed ticket on an airline other than Air Canada or Air Canada Rouge. Article content As for Pringnitz and her family, she noted there was an option for travellers to go the United States. but was told there wouldn't be any further assistance once they landed in the U.S. Article content 'It didn't go over well with the line. Nobody really seemed interested, everybody seemed a little bit amused almost at the suggestion, or exasperated, because it is a bit ridiculous to offer to take stranded passengers to a different country to strand them there.' Article content For customers due to travel soon whose flights are not yet cancelled, Air Canada said it will allow them to rebook their travel or obtain a credit for future travel. Article content
CTV News
an hour ago
- CTV News
Housing woes & U.S. relationship fears top Canadian concerns
Watch Nik Nanos unpacks home prices, affordability, and why Trump and U.S. ties are now Canada's leading worry.
