Get started
ROBINHOOD MARKETS INCROBINHOOD MARKETS INCROBINHOOD MARKETS INC

ROBINHOOD MARKETS INC

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals

HOOD trade ideas

Robinhood Stock Surge Amidst New Credit Card LaunchRobinhood Markets Inc., ( NASDAQ:HOOD ) the disruptive force behind commission-free trading, is poised to revolutionize the financial landscape once again with the introduction of its Robinhood Gold Card. This groundbreaking venture marks Robinhood's expansion beyond its traditional brokerage services into the realm of financial services, positioning itself as a comprehensive financial platform for the modern consumer. The Robinhood Gold Card, exclusively available to members of the firm's subscription-based Gold program, is set to redefine the credit card experience. Offering unparalleled benefits with no annual fees or foreign transaction charges, the card boasts an impressive 3% cashback on all categories of purchases. This generous rewards structure eclipses competitors like JPMorgan Chase & Co.'s Chase Sapphire Reserve, which limit similar rewards to select transactions. Robinhood's CEO, Vlad Tenev, expressed ambitious aspirations for the Gold Card, stating, "Our goal is to enter this market in a big way." Tenev emphasized the company's commitment not merely to introduce a credit card, but to pioneer a product that sets industry standards and propels financial innovation forward. Market response to Robinhood's ( NASDAQ:HOOD ) announcement has been overwhelmingly positive, with the company's shares skyrocketing by 6.9% to $20.61 in early trading following the news. This surge builds upon an already impressive trajectory, with Robinhood's stock rising by 51% through the close of trading on Tuesday, far outpacing the broader market. However, the Gold Card launch represents only one facet of Robinhood's strategic evolution. The company has been steadily diversifying its offerings, transcending its origins as a retail brokerage service. Last year, Robinhood unveiled a retirement product, signaling its commitment to long-term financial planning. The response has been remarkable, with over 500,000 Robinhood retirement accounts opened by the end of last year, boasting deposits totaling $1.7 billion. This figure has since surged to over $3 billion by February, underscoring the growing trust and engagement of Robinhood's customer base. Central to Robinhood's expansion into the credit card space is its acquisition of credit card issuer X1 Inc. for approximately $95 million. With co-founder Deepak Rao assuming the role of general manager of credit cards for Robinhood, the company is well-positioned to navigate the complexities of the credit card industry and drive the Gold Card rollout to new heights. The introduction of the Robinhood Gold Card marks a pivotal moment in the company's trajectory, solidifying its transition from a trading app to a financial powerhouse. By offering innovative financial products with customer-centric features, Robinhood is redefining the way consumers engage with their finances, setting the stage for a new era of financial empowerment and accessibility. Technical Outlook Robinhood stock ( NASDAQ:HOOD ) is trading above the 200-day Moving Average with a positive Relative Strength Index (RSI) of 69.70 indicating further price breakthrough. In an increasingly competitive landscape, Robinhood's bold vision and relentless pursuit of innovation are reshaping the future of finance, empowering individuals to take control of their financial destinies like never before. As the Gold Card rollout gains momentum, Robinhood's journey toward becoming a holistic financial platform is poised to revolutionize the industry and redefine the expectations of modern consumers.
NASDAQ:HOODLong
by DEXWireNews
$HOOD FINDS FOOTING AMIDST BULL MARKET$HOOD:1D Long-term Fib Retrace from ATH. Short-term Fib Extension from January 2024 lows. Top indicator = Relative Strength Index (RSI) Middle indicator = On Balance Volume (OBV Oscillator) Bottom indicator = Directional Movement Index (DMI) VWAP from highest high (yellow) After coming out of a protracted, multi-year basing (blue), upside price momentum looks to be waning with bearish price to RSI divergence (violet) forming on the 1D time frame. NASDAQ:HOOD volume flows as measured by on-balance-volume (OBVOSC_LB, middle indicator) are extremely constructive and posting historically high levels from price inception at initial IPO. Given the strength of the bullish trend as measured by the directional movement index (DMI, bottom indicator) price is well cushioned to withstand a pullback and remain positively trending. EWT counts are speculative and intended as a theoretical guide rather than an absolute path. The 3rd wave up could have the momentum to reach the 1.382(22.51) before meeting an increased potential for pullback into the 4th wave. The VWAP from ATH (yellow) is roughly in confluence with the 0.786 (15.81) and provides an impulsive shelf of support for a retrace as long as price were to consolidate above these respective levels. The next level of downside support would be the 0.5(13.57) price level and while a breach of this particular level would not invalidate the count by dipping below 2 (10.38) it would invalidate my thesis and close the trade. Upside price target for a 5th wave would be a 23% move to the upside with consolidation above the longterm Fib level of 0.786 (23.54) by end of July 2024. The secondary, 'reach target' sits 41% percent above current levels at the short-term 1.786 (27.00) Fib level. I would like to see this 1.786 (27.00) level taken out before end of November, 2024. NOT FINANCIAL ADVICE.
NASDAQ:HOODLong
by Firewalker_Charts
Robinhood Stock Skyrockets as EU Wing Embraces USDC ListingRobinhood's ( NASDAQ:HOOD ) Europe division has announced the listing of USD Coin ( CRYPTOCAP:USDC ) on its platform, triggering a surge of excitement among investors and traders alike. As the Robinhood ( NASDAQ:HOOD ) stock soared by 12% in pre-market trading, the stage is set for a groundbreaking expansion in the company's offerings and user engagement strategies. Robinhood's decision to embrace USDC, a stablecoin pegged to the US dollar, underscores its commitment to democratizing access to digital assets and fostering financial inclusion. With over 25 cryptocurrencies now available on its platform, Robinhood ( NASDAQ:HOOD ) is poised to capture a broader segment of the market and cater to the diverse needs of its global user base. The listing of USDC on Robinhood's European platform represents a significant milestone for the company, marking its continued expansion into new territories and product offerings. By providing users with the opportunity to earn rewards of up to 10% on their USDC holdings, Robinhood ( NASDAQ:HOOD ) is incentivizing participation and driving engagement in the burgeoning crypto ecosystem. The reward program, slated to run from March 1 to June 15, offers users the chance to earn incentives by simply holding USDC and trading any supported crypto on the platform. With a maximum payout of €1,000 ($1,094) in USDC during the promotional period, participants have a compelling reason to actively engage with Robinhood's crypto offerings. Furthermore, Robinhood's USDC Learn and Earn campaign aims to educate users about the fundamentals of cryptocurrency while rewarding them with €5 of USDC. By encouraging users to explore the "Learn about crypto" section on their crypto home tab, Robinhood is empowering individuals to enhance their crypto knowledge and make informed investment decisions. The announcement of these innovative initiatives has not only fueled a surge in the price of Robinhood ( NASDAQ:HOOD ) stock but also generated renewed optimism among investors. With the HOOD stock price surpassing $19 in pre-market trading, Robinhood ( NASDAQ:HOOD ) is poised to reach new heights and solidify its position as a leading player in the fintech space. Moreover, the recent rally in Robinhood ( NASDAQ:HOOD ) stock has helped the company recover from earlier losses, signaling resilience and strength in the face of market volatility. As investors eagerly await further developments, one thing is clear: Robinhood's embrace of USDC and its innovative reward programs are set to reshape the landscape of digital finance and drive sustained growth in the months ahead. Technical Outlook NASDAQ:HOOD is currently in a bullish trend trading above the 200-day Moving Average with a positive Relative Strength Index (RSI) of 77 indicating bullish momentum.
NASDAQ:HOODLong
by DEXWireNews
Robinhood: Get your money back in GreenThis post is dedicated to all NYSE:GME Bag holders!! Time to get your money back in Green. NASDAQ:HOOD has taken a major hit to its price ever since the NYSE:GME debacle and deservingly so. With that said this company has brought in a whole generation of investors. The price is highly undervalued and poised to make a surge on the upside. The Technicals: After multiple retests to the major resistance level at $13, NASDAQ:HOOD has broken through and looking bullish for strong moves to the upside. Financial Performance: Robinhood recently reported a strong Q4 and full-year financial growth in 2024. They've seen a $1.3 billion net positive in brokerage account transfers and have a growing Gold subscriber base. This indicates that the company is on a solid financial footing and has a bright future ahead. Crypto Craze: With Robinhood's significant involvement in cryptocurrency and blockchain, the company is well-positioned to benefit from the crypto craze. As Bitcoin ETFs are approved in the U.S., Robinhood's stock could mirror Bitcoin's performance, making it an attractive investment for those who believe in the future of cryptocurrencies. International Expansion: Robinhood is actively targeting active traders and expanding its international presence. This aggressive growth strategy could lead to increased market share and higher profits, making it a potentially lucrative investment. Increased Gold Adoption: Robinhood has seen an increase in Gold adoption, which is a premium subscription service that offers additional features and benefits to users. This could lead to higher revenue and profits for the company. Positive Analyst Sentiment: Analysts such as Dan Dolev from Mizuho Securities and John Tadaro from Needham & Company have expressed a bullish outlook for Robinhood, citing factors like the company's strong performance and the potential for future growth. #Robinhood's robust financial performance, involvement in the crypto market, international expansion plans, increased Gold adoption, and positive analyst sentiment make it a stock worth considering for those looking to invest in the future of finance.
NASDAQ:HOODLong
by EgideSimba
Hood crushed earningsThe overall markets have been very bloody today, I decided to add more to my hood calls. I picked an aggressive march 15th 13$ strike. Earnings were huge and I marked the current post market price area. This pumped right to a very interesting area with lots of price action over the months. There is almost no resistance until 27$ on this stock. With huge growth, I am debating if I want to exercise a couple of these as we close on expiration. I try to close all options before 21 days out to theta decay anyways, so I have about 10 days for these.
NASDAQ:HOODLong
by Apollo_21mil
Robinhood's Resurgence: A Profitable Pivot and Promising GrowthRobinhood ( NASDAQ:HOOD ), the once-controversial trading platform, has emerged from the ashes of scrutiny to shine with a profitable fourth quarter and a bullish outlook for 2024. With a 12% surge in premarket trading, Robinhood's ( NASDAQ:HOOD ) unexpected profit and robust revenue growth forecast have caught the attention of investors and analysts alike, signaling a potential shift in the company's trajectory. Riding High on Profitability: Robinhood's ( NASDAQ:HOOD ) fourth-quarter earnings report exceeded Wall Street's expectations, as the company capitalized on higher interest income from customer loans and a resurgence in trading activity fueled by cryptocurrencies and equities. Despite its tumultuous past, Robinhood's Chief Financial Officer, Jason Warnick, expressed confidence in the company's ability to sustain profitable growth, emphasizing a focus on driving net deposits higher while keeping expenses in check. Growth Trajectory: A significant milestone for Robinhood ( NASDAQ:HOOD ) was the surge in assets under custody (AUC), which skyrocketed by 65% year-over-year to $102.6 billion in the fourth quarter. This remarkable growth was attributed to continued net deposits and increased equity valuations. Analysts from J.P. Morgan lauded Robinhood's achievement, noting that AUC breached the $100 billion mark for the first time since Q2 2021, indicating a resurgence reminiscent of the meme trading peak. Diversification Strategy: Recognizing the need to reduce reliance on transaction-based revenue, Robinhood ( NASDAQ:HOOD ) has been actively diversifying its business model. The company aims to shift towards product offerings and margin investing, thus expanding its revenue streams beyond traditional trading activities. This strategic pivot reflects Robinhood's commitment to long-term sustainability and resilience in a dynamic market environment. Analyst Optimism: Wall Street analysts have responded positively to Robinhood's ( NASDAQ:HOOD ) upbeat earnings report, with Piper Sandler highlighting "very strong net deposit trends" expected in the first quarter. The consensus among analysts is that Robinhood's profitability and growth prospects position the company on a stronger footing moving forward, paving the way for continued success in 2024 and beyond. Conclusion: Robinhood's ( NASDAQ:HOOD ) surprising profitability in the fourth quarter and optimistic revenue growth forecast for 2024 mark a significant turnaround for the company. Buoyed by robust net deposits and a strategic shift towards diversification, Robinhood ( NASDAQ:HOOD ) is poised to capitalize on emerging opportunities in the financial markets. As the company navigates its path forward, investors are keenly watching to see if Robinhood ( NASDAQ:HOOD ) can sustain its momentum and carve out a new chapter of success in the ever-evolving landscape of retail investing.
NASDAQ:HOOD
by DEXWireNews