Robinhood is a trading application that has been a pioneer of commission free investing as well as a scope for young investors to get started. This app is very popular among millennial retail investors. Perhaps we all know, nothing good came out of this coronavirus pandemic. Far too many lives have been lost. But amongst all this, the Robinhood app became an absolute phenomenon by teaching the millennials and a more younger audience, the importance of investing. Financial analysts had a tough time convincing the young to invest before the pandemic. Here, we look at 10 Robinhood stocks that are going to be profitable to buy for 2021.
Top 10 Robinhood Stocks To Buy For 2021
Starbucks
In this pandemic, one of the worst- hit sectors has been the restaurant space and hotels. In early 2020, share of Starbucks were of dollar ninety from which fell to dollar fifty in March. Due to the lockdown restrictions, Starbucks experienced a huge decline in its sales. Starbucks has a market cap of dollar 106 billion. Therefore analysts expect the annual rate of the company’s earning to increase at 47% in the next five years. So these Robinhood stocks would be very handy in the coming years.
PayPal
PayPal is a digital payment company that absolutely reached maximum heights in the broader market after going public in July 2015. The return on investment of PayPal stocks has been close to 500% since it's IPO. The market cap of this company is of dollar 240 billion. Though the covid-19 situation abolished multiple sectors, it actually gave an extra push to companies in the fintech space. Therefore, again Robinhood stocks for PayPal are literal jackpots.
Moderna
As a company that produces vaccines, Moderna has agreements to supply more than 620 million doses of mRNA-1273 all over the world. So, it is a no-brainer that Robinhood stocks of Moderna are going to soar high in 2021.
Disney
Though investing in Disney stocks isn't as much of a sure bet for massive sales growth in 2021 as Moderna, analysts expect the company to see it's sales sky rocket. This year stocks for Disney plummeted due to the shutting down of theme parks and theaters along with the company's cruise lines. But, on the other side, Disney+ had a tremendous success this year. Due to the upcoming new Marvel and Star Wars movies on the way, Disney Robinood stocks should be a gold mine next year.
Square
The number of daily customers on the square app on average nearly doubled year over year in Q3. The peer to peer digital payments app and Cash app delivered a massive growth so far this year.
Due to the relevance of this app, Facebook has an 84% buy rating which makes it one of the most lucrative Robinhood stocks for 2021.
Amazon
Not only is Amazon one of the most popular tech related tickers on Robinhood, but it also has a buy of a whopping 94%. Amazon stocks are easily a long term buy.
Sony
During this lockdown situation, video games are not considered a child's play anymore. A survey by the Entertainment Software Association stated that 38% of video game players were aged 18 to 34 years and 26% of them fell under the age group of 34 to 54 years. Due to the recent PS5 release, Robinhood stocks of this company is going to sky rocket like never before.
Peloton
This company with their exercise bikes, have now become hugely popular. This company has an 88% buy rating that is by and large a very good investment.
Plug Power
This company is a fuel-sell specialist which remains a favorite for Robinhood stocks with an 89% buy .