Latest news with #onlineTrading
Globe and Mail
3 days ago
- Business
- Globe and Mail
The No. 1 Holding on Robinhood Is Expected to Soar by 646%, According to a Prominent Money Manager (and It's Not Nvidia or Apple!)
Though online trading was possible for institutional investors in the 1980s, it wasn't until the proliferation of the internet in the mid-1990s that the ability to buy and sell stocks became commonplace for everyday investors. While institutional investing, which includes high-frequency trading, still accounts for a majority of trading activity on Wall Street, retail investors are becoming an increasingly larger piece of the pie -- and brokerages have taken notice. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Among the long list of online brokerages, none has catered to the retail investing crowd quite like Robinhood. The ability to make fractional-share purchases, buy stocks with no commission fees, and receive free shares of stock upon signing up for and funding an account, have made Robinhood particularly popular among retail investors. But one of the most intriguing aspects of Robinhood's platform is its "100 Most Popular" list, which details which stocks and exchange-traded funds (ETFs) are most commonly held by Robinhood customers. It's a regularly updated melting pot of retail investor thoughts and emotions. Although tech stocks Apple (NASDAQ: AAPL) and Nvidia (NASDAQ: NVDA) once topped the pedestal as respective No. 1 holdings on Robinhood, they've both been supplanted by a brand-name artificial intelligence (AI) stock that's expected to increase in value by 646% over the next four years, according to a well-known fund manager. Apple and Nvidia are no longer the top holding for Robinhood's retail investors It's not hard to understand why Apple and Nvidia once topped the ranks on Robinhood. Apple has been on the leading edge of the innovative curve for more than a decade. The company's iPhone revolutionized smartphones, with iPad, Mac, and Apple Watch also in high demand and resonating with consumers. Apple also boasts the largest share-repurchase program on the planet among public companies. Since 2013, Apple has bought back approximately $775 billion worth of its common stock, which works out to more than 43% of its outstanding shares. Aggressively buying back its stock has provided a lift to its earnings per share (EPS) and made its stock more attractive to value-focused investors, like billionaire Warren Buffett. Meanwhile, Nvidia established itself as the face of the AI revolution. Its Hopper (H100) and successor Blackwell graphics processing units (GPUs) make up the bulk of GPUs currently deployed in AI-accelerated data centers. With demand for Nvidia's hardware outpacing supply, the company has been able to charge a premium for its GPUs and meaningfully boost its gross margin. Nvidia can't be topped in the AI-GPU innovation column, either. CEO Jensen Huang is overseeing an ambitious plan to bring a new advanced chip to market each year. This implies Nvidia won't have any trouble maintaining its compute advantages over direct rivals. But there are also clear reasons for Apple and Nvidia to fall to the respective No. 2 and No. 3 spots on Robinhood's "100 Most Popular" list, as of this writing on June 23. For Apple, it's the company's lack of growth. Between fiscal 2022 and fiscal 2024 (Apple's fiscal year ends in late September), Apple's net income fell from $99.8 billon to $93.7 billion, with net sales meandering lower from $394.3 billion to $391 billion. Even though the company is still a cash cow, its physical product sales have declined and there's not been much in the way of innovative momentum. Nvidia has potential red flags, too. Aside from increasing external and internal competition, as well as export restrictions to China, which is a key customer for Nvidia, the company is contending with historical precedent. Every next-big-thing technology for more than three decades (which includes the internet) has endured a bubble-bursting event. Nothing suggests AI will be an exception to this unwritten rule, which bodes poorly for Nvidia. Retail investors' favorite stock on Robinhood is an industry leader The brand-name artificial intelligence stock that's blown past Apple and Nvidia to become the most widely held of all securities on Robinhood is none other than electric-vehicle (EV) maker Tesla (NASDAQ: TSLA). This is a stock that Ark Invest's Cathie Wood believes will reach $2,600 per share by 2029, which would place its upside at a cool 646%, based on its closing price of $348.68 per share on June 23. Wood became a popular money manager to follow during the COVID-19 pandemic, with the Ark Innovation ETF more than quadrupling in value between the March 2020 lows and its peak during January 2021. Cathie Wood's upside thesis on Tesla revolves around big-time growth in the company's Ai-driven robotaxi operations. By 2029, Ark Invest believes 63% of the company's estimated $1.2 trillion in annual sales will come from robotaxis, with 86% of earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to robotaxis. Beyond Wood's lofty price target, retail investors also seem to appreciate Tesla's push to become more than just an EV company. Over the trailing four quarters (ended March 31, 2025), it's generated close to $11.2 billion in sales from energy generation and storage. This segment should help to minimize the cyclical ebbs and flows that come with being an auto stock. Furthermore, Tesla shareholders tend to believe in CEO Elon Musk's vision. Though Musk is anything but conventional, he's brought multiple EVs to market, pivoted Tesla toward energy products, helped deliver five years of recurring profits, and is overseeing the launch of his company's robotaxi service in Austin, Texas. However, the No. 1 holding of retail investors on Robinhood is anything but a slam-dunk investment. One of the primary issues with Tesla and its CEO is that there's a heavy emphasis on promises and innovation and very little in the way of actual execution. For example, Musk has been promising Level 5 autonomy "next year" for 11 straight years, yet his company hasn't moved past Level 2 autonomy. Additionally, Tesla's robotaxi service is limited to just 10 vehicles and is being geofenced to a small area in Austin since its technology remains unproven. Beyond promises not kept, Tesla's vehicle margin has plummeted as competition has picked up. Musk has previously noted that his EVs are priced according to consumer demand. With more than a half-dozen sweeping price cuts on Model's 3, S, X, and Y over the last two years, it's evident Tesla's first-mover advantages are waning. There's also a valuation argument that suggests Tesla stock can plunge. Whereas most auto stocks trade at high-single-digit forward-earnings multiples, Musk's company is valued at 121 times estimated EPS in 2026. Even though Tesla's EPS is on track to have declined by 39% (based on estimates) from 2022 through 2026, its shares are up 183% since the end of 2022. This makes no sense whatsoever and suggests Tesla stock has become widely detached from its underlying operating performance. Rarely do these detachments last for extended periods. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $383,569!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,025!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $689,813!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. *Stock Advisor returns as of June 23, 2025
Al Bawaba
5 days ago
- Business
- Al Bawaba
CFI Appoints Ziad Melhem as Group CEO, Co-Founders to Lead the Board as Chairman and Vice Chairman
CFI Financial Group, a globally recognized leader in online trading, announced today the appointment of Ziad Melhem as its new Group Chief Executive Officer, marking an important milestone as the Group continues its strong global growth previously served as Group Chief Marketing Officer, where he helped elevate CFI's global brand and strengthen its presence across key markets. As Group CEO, he will lead the company's day-to-day operations, with a focus on accelerating growth, expanding client value, and driving innovation across CFI's global this leadership change, Co-Founders Hisham Mansour and Eduardo Fakhoury will transition from their current roles as Managing Directors to become Chairman and Vice Chairman of CFI Financial Group, respectively. As Co-Founders and members of the Board, they will continue to play a pivotal role in shaping the Group's strategic direction, guiding its long-term vision, and strengthening corporate governance across CFI's expanding global Stelios Thrasyvoulou, previously Chief Technology and Information Officer, will assume the role of Chief Product and Technology Officer, continuing to lead the development of CFI's innovative product and technology on the leadership evolution, Hisham Mansour, Chairman of CFI Financial Group, said: "As we move into an exciting new phase of CFI's journey, these leadership appointments reflect our commitment to building a company that continues to grow and evolve beyond its founders. Eduardo and I remain fully engaged in shaping the Group's strategic direction from our roles on the Board, and in supporting Ziad as he takes the helm as Group CEO. We have full confidence in his leadership and in the broader management team to lead CFI into its next chapter of success and deliver exceptional value to our clients worldwide."Ziad Melhem, Group CEO of CFI Financial Group, added: "It is an honor to take on the role of Group CEO and to continue building on the strong foundation that Hisham, Eduardo, and the entire CFI team have created. We are entering a dynamic new chapter for CFI, and I look forward to working with our talented teams to drive innovation, growth, and excellence across all markets we serve." These leadership appointments further strengthen CFI Financial Group's position as a leading global trading and investing provider, reinforcing its commitment to innovation, client value, and long-term growth across all markets it serves.
Reuters
6 days ago
- Business
- Reuters
Online trading platform Plus500 gains approval to enter Canada's OTC market
June 23 (Reuters) - London-listed Plus500 (PLUSP.L), opens new tab said on Monday that it has received approval from the Canadian Investment Regulatory Organization that will allow the online trading platform to offer its services in the over-the-counter market. The company, which provides equity, commodity and options trading services and is active in more than 60 countries, has made investments in new products and expanded into global markets. In March, it bought Indian financial services company Mehta Equities for about $20 million. Plus500 said in April that it expects annual results to exceed market expectations, supported by increased trading activity amid global market volatility.
Yahoo
6 days ago
- Business
- Yahoo
Online trading platform Plus500 gains approval to enter Canada's OTC market
(Reuters) -London-listed Plus500 said on Monday that it has received approval from the Canadian Investment Regulatory Organization that will allow the online trading platform to offer its services in the over-the-counter market. The company, which provides equity, commodity and options trading services and is active in more than 60 countries, has made investments in new products and expanded into global markets. In March, it bought Indian financial services company Mehta Equities for about $20 million. Plus500 said in April that it expects annual results to exceed market expectations, supported by increased trading activity amid global market volatility. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
13-06-2025
- Business
- Bloomberg
Pre-IPO Marketplace Hiive Seeks New Cash as Competition Heats Up
Hiive Markets Ltd., an online trading platform for shares of venture-backed companies, is hoping to raise as much as $100 million as soon as this year, its chief executive officer said. The Vancouver-based startup, founded in 2021, is profitable and wants a funding infusion to move faster, founder and CEO Sim Desai said in an interview with Bloomberg News. Its Series B target is an ambitious leap from 2023, when it raised C$5.7 million ($4.2 million) from investors including Uncorrelated Ventures, Splash Capital LLC and Harmony Venture Partners.
