Robinhood Markets, Inc. (HOOD): “The Numbers Are Extraordinary,” Says Jim Cramer

We recently published 12 Latest Stocks Jim Cramer Discussed. Robinhood Markets, Inc. (NASDAQ:HOOD) is one of the stocks Jim Cramer recently discussed.

Digital exchange Robinhood Markets, Inc. (NASDAQ:HOOD) is one of Cramer’s favorite stocks. He believes that the firm enjoys a significant advantage over traditional brokers and has a strong platform that has facilitated the transfer of wealth between the older and younger generations. Robinhood Markets, Inc. (NASDAQ:HOOD)’s shares have gained 189% year-to-date as investors continue to be enthused about its competitive advantage and market share. Here are Cramer’s latest comments about the firm:

“And you know that from Robinhood, the numbers are extraordinary. A lot of the brokers I think are sitting back, they don’t want to admit it on air and say, oh my god, Robinhood is crushing us.

“Uh, I do think that, Vlad Tenev has got the brokers of the future. And I think that the other guys have to catch up.”

Cryptocurrency Ethereum – Mobile device neo-broker smart stock trading app

Previously, the CNBC TV host discussed Robinhood Markets, Inc. (NASDAQ:HOOD)’s platform:

“Do I have to describe Robinhood to you? It’s an app. No, it’s a bank. No, it’s a repository of wealth of the millennials, whatever you want to call it. Robinhood has 25 million accounts, and it offers ETFs, options, gold, and crypto. It came out of nowhere. This company was worth $11 billion two years ago. Now it’s $88 billion. Again, incredibly profitable. Out of nowhere, it seems to have captured young people who would otherwise not bother to invest. You know what I say? Hallelujah.”

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