Jim Cramer openly advocates for investing in Robinhood, suggesting he would buy shares at $70, despite the company's recent struggles, which include a 31% year-to-date decline and classification as one of the S&P 500's worst performers. Cramer remains optimistic about Robinhood's long-term viability, noting its significant reliance on cryptocurrency and options trading for revenue. Meanwhile, the company is launching a new $695 Platinum Card to attract affluent customers, reflecting its strategy to diversify its offerings amidst ongoing market volatility.
“Robinhood Markets, Inc. (NASDAQ:HOOD) · is talked about by · Jim Cramer · true”
“Cramer · would buy Robinhood at · $80 · true”
“Cramer · would buy Robinhood very big at · $70 · true”
“Robinhood Markets, Inc. (NASDAQ:HOOD) · operates · a financial platform · true”
“Robinhood Markets, Inc. (NASDAQ:HOOD) · is the sixth worst performing in S&P · last month · true”
“Robinhood Markets, Inc. (NASDAQ:HOOD) · was down by · 24% · true”
“Robinhood Markets, Inc. (NASDAQ:HOOD) · reported · a miserable quarter · true”
“Cramer · believes · in Robinhood long-term · true”
“Robinhood · has become · totally hostage to crypto and options trading · true”
“Cathie Wood · bought a stock that’s down · more than 30% · year to date”
“Ark Innovation ETF · gained · 35.49% · last year”
“S&P 500 · returned · 17.88% · in the same period”
