Trading app Robinhood has become increasingly popular with investors in recent years -- millennials, in particular -- with its commission-free and easy-to-use platform. The number of users on the app has swelled significantly since 2016. As of late 2019, Robinhood reported that it had over 10 million users on its platform, whereas it counted just 1 million users at the close of 2016. That number has likely grown exponentially in 2020.
With more than 5,000 stocks to choose from on the platform, Robinhood traders have a varied exposure to the lion’s share of the U.S. financial market. However, some of the most popular stocks with users on the app may not actually be the most sound investments.
These are 10 stocks that Robinhood investors may want to think twice about before buying.
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