Benchmark U.S. crude oil for March delivery fell 16 cents to $52.61 a barrel Tuesday. Brent crude oil for March delivery rose 3 cents to $55.91 a barrel.
Wholesale gasoline for February delivery rose 2 cents to $1.58 a gallon. February heating oil was flat at $1.60 a gallon. February natural gas rose 5 cents to $2.66 per 1,000 cubic feet.
Gold for February delivery fell $4.30 to $1,850.90 an ounce. Silver for March delivery rose 5 cents to $25.54 an ounce and March copper fell 1 cent to $3.62 a pound.
The dollar fell to 103.65 Japanese yen from 103.80 yen. The euro rose to $1.2167 from $1.2139.
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".