Cathie Wood's ARK Investment buys 319.6K shares of Robinhood today
20:50 EDT Cathie Wood's ARK Investment buys 319.6K shares of Robinhood (HOOD) today
Confident Investing Starts Here:
Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
The Smartest Financial Stocks to Buy With $2,000 Right Now
Even if it isn't the most exciting area of the market, there are always opportunities in the financials sector. These opportunities range from fintech to large money center banks. 10 stocks we like better than Robinhood Markets › Many financials stocks often fly under the radar. They are not typically viewed in the same way as high-flying artificial intelligence companies that will disrupt all aspects of daily life as we know it. That said, it can be good to look in parts of the market that are less popular, because that means there are likely more opportunities going unnoticed. Furthermore, many traditional financial stocks have started to really focus on technology, because it's become a crucial part of what people are looking for in their banking experience. Here are some of the best financials stocks to buy with $2,000 right now. The online broker Robinhood (NASDAQ: HOOD) is viewed as the pioneer of commission-free trading, opening stock trading up to the masses. While the company has encountered its fair share of challenges, Robinhood has transformed from an online brokerage to a platform that many now view as a full-service bank and prefer over traditional banks. For just $5 per month or $50 per year, subscribers can get access to a strong yield on uninvested brokerage cash (currently 4%), the ability to make larger instant deposits, access to research and trading tools, and the ability to use margin, with the first $1,000 interest-free. Gold members can also get a 3% match on individual retirement account contributions, and the ability to use Robinhood's investment advisory services. All these products are wrapped into a sleek tech platform that is, in my opinion, much easier to use and navigate than those of some of the big players. I particularly like how you can earn competitive yield on cash balances without locking them up for several months like in a certificate of deposit. This provides the flexibility to buy stocks when opportunities arise. But don't just take my word for it. In the first quarter, Robinhood increased Gold subscribers by 1.5 million year over year, reaching 3.2 million members total. On the earnings call, management said that 1-in-3 members who joined Robinhood in Q1 become Gold members very quickly, which is a great conversion rate. Meanwhile, other revenue, which is largely composed of Gold subscriptions, grew 54% year over year to $54 million in Q1 and made up close to 6% of total revenue. The stock is undoubtedly expensive at about 53 times forward earnings, but Robinhood is really resonating with its customers and is likely to continue capturing a significant number of new investors. I also think the company will be able to raise the Gold subscription charge in time, especially as it adds new financial products to the platform. The large money center bank Wells Fargo (NYSE: WFC) had a monumental achievement in getting its asset cap removed. That cap had prevented the bank from expanding its balance sheet beyond $1.95 trillion in assets. The asset cap had been in place as a punishment for the bank's phony-accounts scandal, which came to light in 2016. Employees at the bank had opened millions of depository and credit card accounts without customer consent in order to meet performance quotas. With Wells Fargo free of its asset cap and numerous other consent orders, it can really play offense for the first time in years. For large banks, expanding their balance sheets is the main way they make money -- by adding deposits and making loans. Wells Fargo has long had a great commercial lending franchise in the U.S. When Charles Scharf was brought on as chief executive officer of the bank in 2019, not only did he work on the bank's regulatory infrastructure and remediating all the issues that got Wells Fargo into trouble, he also got the bank into fighting shape. He slashed expenses to get the bank more in line with peers, exited non-core businesses, and started to invest more in higher-returning businesses like investment banking and credit card lending. While Wells Fargo is unlikely to pump the gas on growth too heavily right now, Chief Financial Officer Mike Santomassimo recently said he sees future opportunities in the bank's markets business (which has been constrained by the asset cap), consumer lending, and the funds financing business, in which the bank lends to private equity firms. Investors clearly saw this coming earlier this year. The stock now trades at 1.9 times its tangible book value, or its net worth, which certainly isn't inexpensive. But with the asset cap removed, Wells Fargo should be able to generate better earnings and increase tangible book value faster than it has during the past eight years. Furthermore, bank deregulation, including lowering regulatory capital requirements, appears to be on the way. That will likely enable Wells Fargo to return more capital to shareholders. Before you buy stock in Robinhood Markets, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Wells Fargo is an advertising partner of Motley Fool Money. Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The Smartest Financial Stocks to Buy With $2,000 Right Now was originally published by The Motley Fool
Business Insider
3 hours ago
- Business Insider
Tesla Stock Jumps: Here's What Daniel Ives Expects as Robotaxi Rollout Begins
Well, finally it happened. No, there's not peace in the Middle East (unfortunately), but Tesla (NASDAQ:TSLA) did kick off its long-awaited robotaxi launch in Austin, Texas, on Sunday. Still, how much these self-driving cars truly represent an autonomous driving experience is up for debate. That didn't stop TSLA stock from jumping 8% in Monday's trading session. Confident Investing Starts Here: Crucially, the service isn't available to the general public and doesn't operate entirely without oversight, despite Elon Musk's earlier claims. Each vehicle has a Tesla employee sitting in the front passenger seat as a safety monitor, ready to shut things down if needed. The rides are also confined to a specific, well-mapped part of the city. In some situations, Tesla adds an extra layer of caution by deploying chase cars and remote drivers for support, although some vehicles have been seen operating without them. With that disclosure out of the way, Wedbush analyst Daniel Ives is ready with the plaudits. 'Going into it, we expected to be impressed but walking away from it, all there is to say is that this is the future,'Ives excitedly said. The analyst took two rides, each lasting around fifteen minutes, through Austin and reported that the overall experience was comfortable, safe, and user-oriented. The rides were notably smooth, with no indication that the vehicle was operating without a driver – at no point did the car behave unpredictably or irrationally. Inside the vehicle, there are two touchscreen panels: one positioned in the front and another in the back row above the air conditioning vent. The rear panel connects with the user's Tesla account and syncs with the Robotaxi app, automatically pulling up the user's media content across various apps. During one of the trips, the car navigated a park route that included dirt roads and traffic cones without issue, ultimately arriving at the exact pickup location with precision. So, Ives had a good time, and going by his outlook for the service, investors are about to enjoy themselves as well, as this is the starting point for a '$1 trillion autonomous journey.' 'Overall,' the analyst summed up, 'these Robotaxis exceeded our expectations and offered a seamless and personalized travel experience that has lit the spark for autonomous driving.' Bottom line, Ives rates TSLA shares an Outperform (i.e., Buy), along with a Street-high $500 price target, implying the shares will gain 55% in the months ahead. (To watch Ives' track record, click here) That's a bull's take, and while 13 other analysts join Ives in that camp, there are also 12 Hold ratings and 9 Sells, bringing the analyst consensus to a Hold (i.e., Neutral). Based on the $287 average price target, shares are expected to be trading at an ~18% discount a year from now. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
3 hours ago
- Yahoo
Which High-Flying Growth Stock Is Wall Street Most Bullish About: Palantir, Robinhood, or Spotify?
Palantir is an AI powerhouse, but its sky-high valuation is hard to justify. Robinhood is cashing in on crypto, but analysts seem to be conflicted about the stock's near-term prospects. Wall Street is arguably most bullish about Spotify, but the consensus price target still reflects a moderate decline. 10 stocks we like better than Spotify Technology › You won't find many large-cap stocks that have been as hot in 2025 as Palantir Technologies (NASDAQ: PLTR), Robinhood Markets (NASDAQ: HOOD), and Spotify Technology (NYSE: SPOT). But which of these high-flying growth stocks is Wall Street most bullish about? The answer appears to be Spotify. What do analysts think about the prospects of Palantir and Robinhood? And why do they like Spotify the most right now? Palantir Technologies CEO Alexander Karp said in his company's first-quarter earnings press release, "We are in the middle of a tectonic shift in the adoption of our software." If he was exaggerating, it wasn't by much. The company's revenue jumped 39% year over year in Q2, with U.S. revenue soaring 55%. The artificial intelligence (AI)-software company's commercial sales rose more than its government sales, which have been Palantir's mainstay since its founding. While Palantir is unquestionably an AI powerhouse, Wall Street isn't overly optimistic about the stock over the near term. The average 12-month price target for Palantir is nearly 28% below the current share price. Of the 25 analysts surveyed by LSEG in June, only four rated the stock as a buy or strong buy. Six analysts rated Palantir as either underperform or sell. The other 15 analysts recommended holding the stock. Palantir's underlying business isn't the problem. Instead, it's the stock's valuation. Shares trade at a sky-high forward price-to-earnings multiple of 250. Sometimes, such a nosebleed valuation can be justified by its growth. However, Palantir's growth rate, while impressive, isn't enough to convince most analysts that the current share price is defensible. It doesn't help matters when the company itself projects a slightly slower growth rate for full-year 2025 than it delivered in Q1. Robinhood continues to fire on all cylinders. The financial services platform's total net revenue increased by 50% year over year in Q1, and its profits skyrocketed 114%. Much of Robinhood's success is due to its expanding support of cryptocurrency. Crypto-related revenue doubled year over year in Q1 and made up more than one-fourth of total revenue. However, Wall Street seems to be conflicted about Robinhood right now. Sure, 15 of the 22 analysts surveyed by LSEG in June recommend the stock as a buy or strong buy, but that bullishness doesn't carry over to share-price projections. The consensus 12-month price target for Robinhood is almost 14% below the current share price. What's the reason behind this disconnect? There are likely some concerns about valuation. Robinhood's shares trade at 52.6 times forward earnings. I suspect analysts might also be leery of Robinhood's dependence on cryptocurrency trading volumes, which can be volatile. It isn't surprising that CEO Vlad Tenev downplayed crypto somewhat in Robinhood's Q1 earnings call, stating that the company is "diversifying the business outside of the crypto business, which will make us less reliant on crypto transaction volumes." That brings us to Spotify. The audio streaming leader's revenue rose 15% year over year in Q1. Even more impressively, free cash flow jumped 158% year over year to a record high for the first quarter. Similar to Palantir and Robinhood, the consensus Wall Street 12-month price target for Spotify stock is lower than the current price. However, the implied downside of roughly 5.5% isn't as pessimistic as the price targets for the other two skyrocketing stocks on this list. Also, 25 of 39 analysts surveyed by LSEG in June rated Spotify as a buy or strong buy. It's the same song, different verse as to why analysts might not think Spotify's share price will continue rising over the next year. Valuation, again, is the main problem. Spotify stock trades at over 65 times forward earnings. I don't always agree with Wall Street analysts, but I suspect they could be right about Palantir, Robinhood, and Spotify. All three stocks' valuations have grown frothy and could lead to declines over the next 12 months. If I had to pick the one stock analysts are most likely to be wrong about, I'd go with Robinhood. The company could address some concerns with its strategy to diversify revenue to decrease the reliance on crypto. It's also possible that the crypto momentum remains strong. Before you buy stock in Spotify Technology, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Spotify Technology 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 $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Keith Speights has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies and Spotify Technology. The Motley Fool has a disclosure policy. Which High-Flying Growth Stock Is Wall Street Most Bullish About: Palantir, Robinhood, or Spotify? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
