10 High Profit Margin Stocks to Buy Now

5. Robinhood Markets Inc. (NASDAQ:HOOD)

TTM Net Profit Margin: 48.77%

Number of Hedge Fund Holders: 76

Robinhood Markets Inc. (NASDAQ:HOOD) is one of the high profit margin stocks to buy now. On June 30, Robinhood announced the launch of new tokens that will enable its European Union/EU customers to trade over 200 US stocks and ETFs. This includes popular companies like NVIDIA Corp. (NASDAQ:NVDA), Apple Inc. (NASDAQ:AAPL), and Microsoft Corp. (NASDAQ:MSFT).

These commission-free tokens can be traded around the clock, 5 days a week. Robinhood also plans to expand this offering to include tokens linked to stocks of privately held companies. The tokens are being issued through a partnership with the blockchain firm Arbitrum, though Robinhood intends to eventually develop its own Layer 2 blockchain to support 24/7 trading and self-custody.

Tokenized equities blend traditional finance with crypto-like trading and are gaining traction among international investors. While these tokens could alter the securities investing landscape, they currently face a lack of clear regulatory guidelines in the US.

Robinhood Markets Inc. (NASDAQ:HOOD) operates a financial services platform in the US that allows users to invest in stocks, ETFs, American depository receipts, options, gold, and cryptocurrencies.