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Financial Stocks To Follow Now - October 23rd

Robinhood Markets logo with Finance background

Key Points

  • Robinhood Markets, Coinbase Global, and SoFi Technologies are identified as key financial stocks to watch, showing high trading volumes recently.
  • Robinhood operates a comprehensive financial services platform that includes options, crypto trading, and fractional investments, making it a versatile choice for investors.
  • Coinbase provides essential infrastructure for the crypto economy, catering to both consumers and institutions looking to transact in crypto assets.
  • Five stocks to consider instead of Robinhood Markets.

Robinhood Markets, Coinbase Global, and SoFi Technologies are the three Financial stocks to watch today, according to MarketBeat's stock screener tool. Financial stocks are shares of companies in the financial sector—banks, insurance firms, asset managers, brokerages, payment processors and other financial-service providers—whose business is centered on lending, investing, underwriting, and fee-based services. These stocks earn revenue from interest margins, fees and trading activities and are typically sensitive to interest rates, credit cycles, regulation and overall economic conditions, which influences their risk and return profiles. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Read Our Latest Research Report on HOOD

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Read Our Latest Research Report on COIN

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

Read Our Latest Research Report on SOFI

Read More

Should You Invest $1,000 in Robinhood Markets Right Now?

Before you consider Robinhood Markets, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Robinhood Markets wasn't on the list.

While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

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