J.P. Morgan Sees Doom and Gloom in Robinhood Stock
17 Maio 2022 - 05:25PM
TipRanks
Is it time to wave farewell to the meme-stock phenomenon and its
attendant gains? J.P. Morgan’s Ken Worthington thinks so and this
could have implications for meme-stock enabler Robinhood (HOOD).
“We think that the easy money made by leveraged-long trades in the
meme-stock era is over,” said Worthington. “In the near term this
could mean both slower volumes and lower margin balances hurting
already negative profitability.” Furthermore, for the last three
quarters through 1Q22, investors on the platform have not only
generated negative returns but have also underperformed the S&P
500 by a significant margin. Worthington thinks this presents even
more of a challenge for the trading platform.
https://www.tipranks.com/news/article/j-p-morgan-sees-doom-and-gloom-in-robinhood-stock?utm_source=advfn.com&utm_medium=referral
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