Robinhood Markets, Inc. (HOOD): 'The Numbers Are Extraordinary,' Says Jim Cramer
Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer's favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)'s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer's latest comments about the firm:
'And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don't want to admit it on air and say, oh my god, Robinhood is crushing us. 'Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.'
Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app
Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)'s platform:
'Do I have to describe Robinhood to you? It's an app. No, it's a bank. No, it's a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it's $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.'
While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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