Investing in 2020 has been an adventure. In a roughly six-month span, the widely followed S&P 500 lost over a third of its value, clawed everything back, and even gained. It was the steepest 30%-plus bear market decline we’ve ever seen, as well as the quickest rebound to new highs from a bear market bottom in history.
Besides giving long-term investors opportunities to scoop up great companies at bargain prices, this heightened volatility has also lured millennial and/or novice investors into equities. Online investing app Robinhood, which is best known for its commission-free trades and gifts of stock shares to new members, has signed up millions of people. The average age of these new short-term-focused traders is 31.
Unfortunately, not all of the companies that Robinhood investors flock to are Wall Street favorites. Wall Street hates the following three stocks that you can find among Robinhood’s top 50 holdings.