What Robinhood’s Explosive First Week of Trading Means

Published: August 7, 2021

Is Robinhood a Buy
Amid an Explosive First Week of Trading?

With Robinhood's recent initial public offering, a lot of people have been asking for our stock forecast and, more specifically, who isdoing the buying after it spiked over 50% on Wednesday, exactly one week after it hit the market.

People would like to know if it's retail traders buying, or the "Kingmakers" — big institutional investors.

Robinhood went public on July 29 at $38 a share. After trading down for a few days, things reversed upward in a big way on Monday when it absolutely exploded higher…

Judging by this week's volume, stock market expert and Forbes contribuer Adam Sarhan says the Kingmakers are indeed stepping in to buy and sell HOOD.

Should You Buy This Stock?

WE WANT TO HEAR FROM YOU!

I do a ton of sector analysis and use back-tested, proven strategies to beat the market. I use proprietary formulas based on relative strength to track the top 5 strongest stocks… You know, the ones I send you in my new weekly watchlist. But now I want to know which stocks you'd like to see rankings for! All you have to do is reply directly to this email with your tickers!

3 Pullback Stocks
as Strong Jobs Report Increases Fear
of Fed Tapering

Stocks were mixed Friday as investors awaited the jobs report from the U.S. Department of Labor. Analysts expected 900,000 jobs to have been added in July, and an unemployment rate of 5.7%. The report showed more jobs added and a lower unemployment rate than expected.

Investors continue to factor in potential Federal Reserve bond tapering — which ultimately means less stimulus. So right now, I'm focused on three low-risk pullbacks offering potential upside.

In this video, you'll learn why this past week's Fed data is vitally important… whether stocks are ready to soar or drop… which sectors are fragmented the most… and which stocks traders should target now.

Get My 3 Pullback Stocks

Roger Scott

27+ years of trading experience. Traded multi-million dollar accounts and has trained thousands of new and experienced traders.

Take Advantage of These Predictable Stock Patterns

Did anyone know that a few dozen stocks have gone up on the same calendar dates every year for over the past decade?

We're guessing most would answer with a resounding "no."

Very few people have heard about these predictable calendar dates. But by tapping into them, traders have the chance to lock in consistent winners all year long — no matter what's going on in the broader market!

Legendary trader Tom Busby and I are pulling back the curtain on this proprietary stock "calendar."

Check This Out!

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