Home Markets Forget Robinhood, Buy These 4 Financial Services Stocks Instead By StockNews

Forget Robinhood, Buy These 4 Financial Services Stocks Instead By StockNews

2

© Reuters. Forget Robinhood, Buy These 4 Financial Services Stocks Instead

Shares of Robinhood (HOOD) look overvalued at their current price level considering the company’s bleak growth prospects and its stock’s volatility. So, we think it is better to bet on established financial services stocks Discover (DFS), Synchrony (SYF), KeyCorp (NYSE:), and Raymond James (RJF), which are well-positioned to capitalize on increasing financial transactions and capital market activities. So, let’s examine these names.Zero-commission trade pioneer Robinhood Markets Inc. (NASDAQ:) in Menlo Park, Calif., had a lackluster IPO on July 29, 2021, opening at $38 per share. Nevertheless, its shares soared to hit their $85 all-time high on August 4 based on Cathie Wood’s and Redditors’ interest in them. However, HOOD has gained only 22.8% since its opening day to close yesterday’s trading session at $46.67.

Analysts expect its EPS to remain negative in…

Click here for full article…www.investing.com