Robinhood Markets, Inc. (HOOD): Jim Cramer Shares How His Wife Advised CEO Vlad Tenev

We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed.

Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Jim Cramer’s top stocks in the space. He believes that the firm has a strong product platform that has facilitated the transfer of wealth from older generations to newer generations. This time around, he discussed Robinhood Markets, Inc. (NASDAQ:HOOD)’s comeback and CEO Vlad Tenev:

“Look at what happened to Vlad and Robinhood. Robinhood was certifiably bankrupt. And they’ve come back, and Robinhood is remarkable. And the things they offer are so great. Is it any reason why it’s 87 billion, it shouldn’t be 87 billion, it should be 150 billion.

“I was talking to Vlad Tenev, the CEO. It was like a Saturday, five o clock and I said, what are you doing partner? You’re like really screwing up. And my wife said who you’re talking to? And I said I’m talking to that guy with the long hair who was in here, give it, give me the phone. She said listen you gotta clean it up. You gotta be, more, you gotta be thinking a little more about the long term. You gotta be like more, more impressive. I said it’s Vlad Tenev, don’t tell him how to be impressive. No, uhh, I like the guy, I like the guy. I think he’s a real rebel, but I like him. And Vlad says, who is it, is that your wife? I said yeah, it’s my wife, she likes you. But the fact is that if you look at that chart, there’s a guy who got religion about being serious, about younger people investing and everything he says is, these days so on point. He plays the game.”

A successful business person confidently managing their finances on a mobile device.

However, earlier, Cramer warned viewers against falling for Robinhood Markets, Inc. (NASDAQ:HOOD)’s hype:

“I want you to take out your cost basis. It’s had a major move. Robinhood has become what I call a meme stock. It means that it’s just done, it’s just trading off of enthusiasm right now. When I see trading off enthusiasm, what’s the matter with that?

Well, enthusiasm can cool. I like trading off of fundamentals. Now, Robinhood is doing well, but they have really, let’s say, become very big cheerleaders for themselves. Nothing the matter with that, but don’t get caught up in the hype. Take your cost basis out, and then we can deal with, let’s say, letting it run situation, but not until then.”

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Disclosure: None. This article is originally published at Insider Monkey.