By Leo Sun
Robinhood, the online trading platform that disrupted traditional brokerages by offering free stock trades, serves over 13 million investors. Millennials account for the majority of its users, and the app is widely cited as a driving force behind the recent Reddit-fueled rallies in so-called “meme stocks” like GameStop.
However, Robinhood investors don’t just buy meme stocks. In fact, the top 50 stocks on Robinhood (those most-widely held by users of the service) actually include a diverse mix of value, growth, and speculative stocks — and analysts often watch that regularly changing list to gauge the shifting interests of younger investors.