Here's Why I'm Doubling Up on This Broken Cathie Wood Stock

By Neil Rozenbaum – Aug 15, 2023 at 10:15AM

NASDAQ: HOOD

Robinhood Markets

Market Cap

$16B

Today's Change

(4.44%) $0.76

Current Price

$17.88

Price as of April 26, 2024, 4:00 p.m. ET

A broken stock is not the same as a broken company. That's why I view Robinhood stock as a buy now.

In this video, I will talk about Robinhood (HOOD 4.44%), its second-quarter earnings report, and the reason I decided to double my small position in the fintech company.

*Stock prices used were from the trading day of Aug. 14, 2023. The video was published on Aug. 14, 2023.

Neil Rozenbaum has positions in Robinhood Markets. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.