In this article, we will discuss the 5 best Robinhood stocks to buy right now. If you want to read our comprehensive analysis about these companies, go directly to the 10 Best Robinhood Stocks to Buy Right Now.
5. GameStop Corp. (NYSE: GME)
Number of Hedge Fund Holders: 27
GameStop Corp. (NYSE: GME) is a Texas-based retail firm that sells video games, consumer electronics, and gaming merchandise. It was founded in 1984 and is ranked fifth on our list of 10 best Robinhood stocks to buy right now. The company owns and runs more than 4,800 stores globally and also operates e-commerce platforms. The 52-week price range of GameStop stock is between $3-$483, the highs registered at the beginning of this year as retail investors drove the share price up by purchasing stakes in the firm through social media coordination.
On April 27, GameStop Corp. (NYSE: GME) shares jumped by more than 10% as the firm announced that it had completed a market offering and raised more than $500 million to support an expansion into the e-commerce sector.
Out of the hedge funds being tracked by Insider Monkey, New York-based investment firm Melvin Capital Management is a leading shareholder in the firm with 6 million shares worth more than $113 million.
4. Pfizer Inc. (NYSE: PFE)
Number of Hedge Fund Holders: 63
Pfizer Inc. (NYSE: PFE) is a New York-based pharmaceutical corporation that was founded in 1849. It is placed fourth on our list of 10 best Robinhood stocks to buy right now. The firm is one of the leading producers of the COVID-19 vaccine and recently sought regulatory approval to market vaccines for children aged under 12. Pfizer stock has gained since it announced the successful trials of the coronavirus vaccine last year and the 52-week range for share price lies between $29-$42.
On May 4, Pfizer Inc. (NYSE: PFE) raised the guidance on 2021 revenue by more than 18% after a strong first quarter that saw the firm posted more than $14 billion in revenue, a rise of more than 40% compared to the same period last year. The firm expects to deliver more than 1.5 billion COVID-19 vaccines worth $26 billion by the end of the fiscal year.
At the end of the fourth quarter of 2020, 63 hedge funds in the database of Insider Monkey held stakes worth $1.8 billion in the firm, down from 66 in the preceding quarter worth $2.1 billion.
3. Tesla, Inc. (NASDAQ: TSLA)
Number of Hedge Fund Holders: 68
Tesla, Inc. (NASDAQ: TSLA) is a California-based electric vehicle and energy battery maker. It was founded in 2003 and is placed third on our list of 10 best Robinhood stocks to buy right now. Tesla stock is a high-risk, high-reward investment as sales numbers and government inquiries into the firm’s self-driving features keep the share price volatile. The 52-week price range of the company stock likes between $150-$900. Tesla is owned by billionaire Elon Musk who also runs several other technology companies.
On May 1, investment firm Loup Ventures backed Tesla, Inc. (NASDAQ: TSLA) for long term success as the US government prepares a plan to incentivize EV production and extend tax benefits for clean energy and electric vehicle firms.
Out of the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in the firm with 28.9 million shares worth more than $20 billion.
2. American Airlines Group Inc. (NASDAQ: AAL)
Number of Hedge Fund Holders: 37
American Airlines Group Inc. (NASDAQ: AAL) is a Texas-based airline holding company founded in 1930. It is placed second on our list of 10 best Robinhood stocks to buy right now. The firm has close to 900 aircraft and offers services to several international destinations. The 52-week price range of company stocks lies between $8-$26. However, compared to other aircraft carriers, American Airlines stock has managed a more steady ride through the pandemic. The firm has a market cap of more than $13 billion.
American Airlines Group Inc. (NASDAQ: AAL) earned a Market Perform rating from investment firm Raymond James on April 23 on a balanced risk-reward profile compared to competitors. The shares of the company jumped more than 1% after the ratings update.
At the end of the fourth quarter of 2020, 37 hedge funds in the database of Insider Monkey held stakes worth $329 million in the firm, the same as in the preceding quarter worth $208 million.
1. Coinbase Global, Inc. (NASDAQ: COIN)
Number of Hedge Fund Holders: N/A
Coinbase Global, Inc. (NASDAQ: COIN) is a Wilmington-based cryptocurrency exchange platform that is placed first on our list of 10 best Robinhood stocks to buy right now. It was founded in 2012 and went public in April at a market valuation of $86 billion. The stock has been volatile since the IPO and the firm is now valued at over $55 billion. Coinbase facilitates the buying, selling, and storage of digital currencies like Bitcoin and Ethereum. It is the largest crypto exchange platform in the world with presence in more than 100 countries.
Coinbase Global, Inc. (NASDAQ: COIN) is one of the few companies identified by investment bank Goldman Sachs that have outperformed the wider market by more than 34 percentage points this year. On April 29, Coinbase announced it was adding PayPal as a payment option for purchases of cryptocurrencies. Coinbase has more than 50 million active users and has facilitated more than $335 billion in crypto transfers so far.
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