Robinhood Markets Stock News

In January, I highlighted Robinhood Markets (HOOD 2.79%) as a stock to buy for long-term investors, despite doubts about whether the company could do more than disrupt the brokerage industry. Back then, it was trading around $40 per share, and many still questioned its staying power.

Buying and holding shares of growing companies can lead to massive wealth creation over the long term. Some of the best companies to invest for the long term are those that provide popular services for the masses.

Five years from now, I believe Robinhood Markets (HOOD -1.20%) stock will be higher than it is today. Granted, that's a vague prediction, but it's also one I feel pretty confident in.

European investing app Lightyear is set to announce that it's raised $23 million in a funding round led by NordicNinja. A host of Estonia's top tech entrepreneurs — including ride-hailing unicorn Bolt's CEO Markus Villig — also invested in the company.

After another S&P 500 snub, Robinhood shares slid. Trading near 60× earnings and a parabolic chart, the $100 billion broker faces volatile swings driven by revenue growth and sentiment.

Investment platform Robinhood Markets (HOOD -4.92%) stock has exploded over the past year, up nearly 370%. It's enjoying strong growth as well as investor confidence in its innovative investing options, and the stock is now well past its previous highs as it soars into the stratosphere.

A tiny passage in President Trump's One Big Beautiful Bill (OBBB) Act can potentially massively disrupt the professional sports betting industry in the U.S. Under the new law, professional gamblers won't get the same lenient tax treatment as stock and options traders, as only 90% of betting losses will be tax-deductible against income, as opposed to the complete 100% under the previous rule.

Robinhood's (HOOD 4.07%) stock has soared more than 350% over the past 12 months. That rally was driven by soaring stocks and rising crypto prices, which drew many retail investors back to its online trading platform and boosted its trading volumes.