Investing in the stock market is one of the best ways to grow your money over the long term. Thanks to Robinhood, investors can buy & sell stocks for free without paying a dime in trading commissions. Read my full Robinhood review if you're new to the app.
Robinhood is free to get started but you need to sift through thousands of stocks available on the trading app. You won't find any OTC stocks on Robinhood. You can only buy NASDAQ & NYSE stocks as well as some ADRs (American Depository Receipts) of foreign companies.
Whether you are new to the app or a seasoned investors, check out this list of best Robinhood stocks to buy right now.
Best Robinhood Stocks
Even amidst a bit of uncertainity due to the problems facing China, Apple is still one of the most valuable stocks to own. The company constantly innovates and updates their products to their fanatically loyal customer base. Plus, the nice dividend yield adds a bit of income too.
Apple stock has been on a tear recently and could be headed to $400+ by the end of the year. It's one of my favorite stocks to own on Robinhood and is a good starting point for any RH portfolio.
Roku is poised for an explosive 2020 calendar year since they just posted some amazing Q4 2019 earning results. They are America's #1 streaming platform leader in terms of watch time and that's exactly what shareholders want to hear. In case you didn't know, Roku is a spinoff of Netflix and I see some similar growth trends between the two companies.
Best of all, I use Roku myself (I'm watching a Netflix movie on Roku as I type this) and am very passionate about this company. This is my top #1 holding on Robinhood and I would place it over Apple if it paid a dividend.
The Canadian ecommerce company just posted another impressive quarter and shares continue to rise. Many investors are wondering if it's too late to buy Shopify stock but the numbers & chart trends say otherwise. It's not too late to own this stock and we might see a stock split of some sort since the share price has risen so much.
Tesla is probably the hottest stock to trade right now on Robinhood because the stock is extremely volatile and suspectible to both positive and negative news reports. The company posted an amazing quarter where deliveries were up a ton and everyone knows electric vehicles are the future. In fact, I prefer trading Tesla options to profit from the fast movement in the underlying stock price.
Visa is my favorite buy and hold forever stock on the entire Robinhood platform. No other company has such a wide moat that isn't really affected by geo-political events, trade wars, etc. I will use my Visa card no matter what the stock market does or whether we are in a global recession. People need to buy food, water, clothing and other items. Visa continues to dominate digital payments and we are certainly moving towards a cashless society. Visa is a wonderful anchor in a well balanced Robinhood portfolio.