Robinhood's stock plummeted 40% from its all-time high due to overall market weakness and slowing monthly metrics. Despite the drop, Robinhood posted a record quarter, with EPS almost doubling the three previous quarters combined. With a 78% likelihood of a Federal Reserve rate cut in June, I'm confident the stock market can rebound and climb back toward its previous highs.
Robinhood Markets, Inc. (HOOD) reachead $44.36 at the closing of the latest trading day, reflecting a +1.6% change compared to its last close.
The Investment Committee give you their top stocks to watch for the second half.
Robinhood (HOOD 2.01%) has gotten a lot of attention for its NCAA tournament futures, and not in a good way. Many observers think this is akin to gambling, but is there a bigger story here?
CNBC's Alex Sherman reports on news regarding Robinhood and March Madness.
The CNBC Sport videocast brings you interviews with the biggest names in the business. In this week's episode, CNBC's Alex Sherman sits down with JB Mackenzie, Robinhood vice president and general manager of futures and international.
There are plenty of ways to wager money on who will win the NCAA basketball tournaments — now you can make bets in the same place you buy stocks or crypto.
Sports betting stocks are in the spotlight as March Madness drives a surge in wagering activity, with DraftKings Inc (NASDAQ:DKNG), Robinhood Markets Inc (NASDAQ:HOOD), and Flutter Entertainment PLC (NYSE:FLUT) all making notable moves.
Robinhood's earnings are accelerating, with a diversified revenue stream and strong operational performance, making it a strong buy despite the recent market selloff. The company's Q4 performance dramatically beat expectations, driven by explosive growth in crypto and options trading, signaling underestimated EPS estimates for 2025. Robinhood's high-margin business model and expanding market share support a compelling long-term bull case, with the potential for significant EPS growth and valuation upside.
CNBC's Alex Sherman joins 'Squawk Box' to discuss Robinhood's foray into sports, his interview with Robinhood VP & GM of Futures & International JB Mackenzie, and more.
Shares of Robinhood (HOOD -4.59%) have fallen as much as 45% from their recent peak, but is that an opportunity for long-term investors? We explain why there's still risk, but the opportunity is looking more compelling today given Robinhood's maturing asset base.
HOOD is set to introduce Prediction Markets Hub, allowing traders to bet on the outcomes of major global events and enhancing liquidity in the market.