Jim Cramer’s Takes on These 17 S&P 500 Stocks

15. Robinhood Markets, Inc. (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the S&P 500 stocks that Jim Cramer shared his take on. Cramer noted that he is a believer in the stock long term, as he stated:

Then there are the rest of the losers, and some are intriguing. Robinhood Markets is the sixth worst performing in S&P last month, down 24%, nearly 24, largely because it reported a miserable quarter in mid-February, and that was thanks to soft options and crypto trading. Stock fell 17% over the following two sessions. It’s only partially recovered. Now, long-term, I’m a believer in Robinhood. I think they’ve made themselves the preferred trading destination for young people, which means they own the future. But in the present, Robinhood has become totally hostage to crypto and options trading.

Don’t believe it’s hostage to equities and 401Ks. They’ve made a big push into predictions market too, and I’m not thrilled about the idea of Robinhood users having to decide whether to put $10 into NVIDIA or the Seahawks in the Super Bowl. If you want to bet on a tech-focused financial that appeals to young people, I prefer SoFi. But that said, I am turning very bullish on crypto… and Robinhood stock did rally almost three bucks today, I think, because of a turn in crypto. It may be bottoming. Others see it besides me.

Robinhood Markets, Inc. (NASDAQ:HOOD) operates a financial platform that allows users to trade stocks, ETFs, options, cryptocurrencies, and other assets.