In Monday’s Blitz Daily with Lance Ippolito, we take a look at online brokerage platform Robinhood Markets as tech names catch a bid.
I said it everywhere I could this past week… If energy keeps tanking, look out for the tech and memestonk junk to squeeze higher — and that’s exactly what happened Tuesday!
It is risk-on out there in the markets. Almost any growth and junk stock you can name is on a run, including Robinhood.
Shares of the floundering trading platform came screaming out the gate Tuesday, hitting highs over the $8 mark — more than 11.5% above Friday’s closing price!
The tech name flashed on my scanners less than 30 minutes into the open, with big swingers dropping serious cash on the options!
Of course, that wasn’t the only growth name hitting the tape Tuesday. I have two more top trades waiting inside…
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