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3 High-rise stocks Robinvest investors buy a hand on a fist

This year was one that most investors will soon forget. The outbreak of the COVID-19 pandemic brought the fastest bear market in history, followed by a rapid recovery – and even new ever-higher peaks – for some of the largest and most famous stocks there.

At the same time, the online stock trading application Robinhood gained popularity, especially with young, inexperienced investors, who quickly turned to the platform in the hope of winning the opportunity to invest once in a lifetime.

While not all of their favorite photos are worthwhile (and some are actually quite risky), Robinhood investors are betting hard-earned money on these high-growth stocks during the last 30-day period, which ended on July 27, 2020.

An investor with a smartphone who checks the data on the stock exchange.

Image source: Getty Image.

Taken to Tesla’s stock

Without a doubt, the only most popular stock among investors in Robinhood in the last 30 days is the manufacturer of electric vehicles (EV) Tesla (NASDAQ: TSLA), A whopping 217,873 of the platform’s investors added Tesla to their accounts last month, leading to 537,244. This surge in popularity has made the company the eighth most popular stock among investment app members.

Robinhood investors are no doubt fascinated by Tesla’s recent impressive rally. Even after retreating in the last few trading days, stocks have still gained an impressive 49% in the last month alone, and 242% so far in 2020.

In recent weeks, Tesla has made headlines as it has surpassed several key milestones that have yielded good results for the company’s future, while helping the pocket of Elon Musk’s founder in the process. The electric car maker reported its fourth consecutive quarter of GAAP profitability during its second quarter financial report last week, making the shares eligible for inclusion in S&P 500,,

The recent electrification rally brought Telsa shares shortly above its market value of $ 300 billion, although it has cooled slightly over the past few days. The execution of the shares also led to a lucrative payback day for Musk, making it eligible for an additional 1.69 million share options. With a strike costing about $ 350, the mysterious inventor could reap more than $ 2 billion in payment, despite being restricted from selling the stock for the next five years.

These figures help illustrate the bright future that lies ahead for Tesla, so it’s no wonder that Robinhood investors have carmaker EV at the top of their lists.

Smiling woman with credit card and laptop

Image source: Getty Image.

Buying shares of Amazon

Another stock that has been a big hit with Robinhood investors over the past 30 days is the e-commerce giant Amazon.com (NASDAQ: AMZN), attracting 117,908 investors in the past month. This makes the technical giant the twelfth most popular holding in general among Robinhood members.

Amazon is in the news after the coronavirus pandemic hit, no doubt keeping the company the best for Robinhood investors by adding to its wallets. The company saw a jump in online retail orders from consumers taking shelter in its place. Demand for Amazon’s web services (AWS) – the cloud computing service – has also increased as companies around the world compete to hire remotely. Amazon Prime Video and Music also helped keep families at home entertained.

Technical Titan is expected to report profits in the second quarter later this week, and the question is not whether Amazon’s business will grow, but by how much. In the first quarter, revenue growth accelerated to 26% year-on-year from 17% in the previous quarter and marked the highest growth rate since the third quarter of 2018. CEO Jeff Bezos said Amazon plans to spend all expected 4 billion dollars in operating profit and potentially more than “costs associated with COVID, obtaining customer products and keeping employees safe.”

Investors in Robinhood are also unaware of the rising share price of Amazon, which gained more than 64% in 2020, easily surpassing the impeccable performance of the S&P 500 and NASDAQ, which has accumulated about 16%.

With multiple growth generators and the pandemic far from over, it’s easy to see why Robinhood investors are finding Amazon for such an intriguing purchase.

A woman holding a smartphone with an animated image of a cloud.

Image source: Getty Image.

A bite of stock from Apple

Another high profile that is a hit for investors in Robinhood is nothing else apple (NASDAQ: AAPL)Given the affinity that millennial consumers have for technology titanium devices, it’s no wonder that 89,346 Robinhood investors have added Apple to their plate over the past 30 days. This makes the device manufacturer the sixth most popular stock overall on the investment platform.

While sales of the iconic iPhone took a hit in the last quarter, there are a number of other growth engines that keep Robinhood investors returning well to Apple. Earlier this year, Apple reintroduced the iPhone SE, its budget device, by giving smartphone users another smartphone option.

In addition, the company’s services and wearing categories have been involved to help overcome the weakness. Over the past four quarters, Apple’s services segment has generated more than $ 50 billion in revenue, rising to more than 18 percent of the technology giant’s total sales. At the same time, the wearable, home and accessories segment generated more than $ 28 billion and grew to nearly 11% of Apple’s total revenue.

Sales rose higher in Apple’s second quarter (ended March 28, 2020), rising 1% year-over-year as service revenue reached a new all-time high and wear reached a new three-month record. This combination of growth engines has helped Apple outpace the wider market, winning 28% this year.

Robinhood investors are undoubtedly interested in Apple’s ongoing prospects and current performance, making the iconic device maker a favorite among Robinhood investors.

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