NEW YORK (AP) — Stocks that moved heavily or traded substantially Friday:
Apple Inc., down $6.46 to $108.86.
Even though the company's profits beat forecasts, investors were disappointed by lower revenue from the iPhone and sales in China.
Twitter Inc., down $11.07 to $41.36.
The company's average daily user count, a key metric, rose by less than analysts expected.
Alphabet Inc., up $59.38 to $1,616.26.
Google's owner reported a blowout quarter of growth in revenue and sales, bouncing back from its first-ever quarterly decline.
Exxon Mobil Corp., down 35 cents to $32.62.
The oil giant reported a third-straight quarterly loss as the coronavirus pandemic slashed demand for travel and hurt the global economy.
Mohawk Industries Inc., up $10.14 to $103.19.
The flooring maker reported earnings and revenue that easily exceeded analysts' forecasts, and the company also issued an upbeat outlook.
Colgate-Palmolive Co., up $2.22 to $78.89.
The maker of toothpaste and other consumer products reported profits that easily beat Wall Street's estimates.
Columbia Sportswear Co., down $21.68 to $74.59.
The maker of outdoor clothing forecast profits and sales for the current quarter well below what investors were expecting.
Five9 Inc., up $8.61 to $151.72.
The provider of cloud software for contact centers posted better results than analysts expected and raised its annual outlook.
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8 Stocks That Robinhood Investors Got Right
The online investing app Robinhood has been a clear pandemic winner. As more Americans were forced to work from home, many made the decision to begin testing their investing skills by trading stocks. Robinhood appeals to millennial and/or novice investors for several reasons. First, the app makes it fun. You might say it “gamefies” stock trading. With commission-free trades, investors have an incentive to trade frequently. And many users of the app do just that.
The second reason is that it allows investors to buy partial (or fractional) shares. Although Robinhood is often associated with penny stocks, the app lets investors buy shares of “pricey” stocks like Tesla (NASDAQ:TSLA) without having to pay for a full share right away.
And data shows that Robinhood investors have a healthier risk appetite than other investors. And that appetite has increased since the start of the pandemic. This lines up to the time when investors had more time on their hands.
With that said, many Robinhood investors have been, quite frankly, using the app to engage in a legal form of gambling. I say this because trying to dive quickly in and out of the market in an attempt to capture a profit may work. But historically, it’s a path to ruin.
However there are two sides to every story. And the same is true of Robinhood investors. There are many examples of where these investors have gotten it right. In this presentation, we’ll show you eight examples of stocks that the market and Robinhood investors have gotten exactly right.
View the "8 Stocks That Robinhood Investors Got Right".