The Top 50 Robinhood Stocks in October

For better or worse, volatility has played a big role in the stock market since the beginning of 2020. We’ve witnessed the quickest decline of at least 30% in the history of the S&P 500, and investors have enjoyed the strongest bounce-back rally from a bear market bottom on record.

Although not all investors are fans of a wildly vacillating market, this volatility is precisely what’s encouraged millions of new retail investors to put their money to work on Wall Street.

Image source: Getty Images.

We know that retail investors are getting involved in a big way, thanks to user data from newly public online-investing app Robinhood Markets (NASDAQ:HOOD). After ending June 2020 with 9.8 million funded accounts, Robinhood had 22.5 million funded accounts as of the end of June 2021. 

If you’re wondering why retail investors have flocked to Robinhood, it looks like a confluence of factors. To begin with, Robinhood doesn’t charge trading commissions for stocks purchased on the New York Stock Exchange (NYSE) or Nasdaq. With minimum deposit requirements also thrown out the window for many online brokerages, it means new investors aren’t having their starter capital gobbled up by fees.

To build on the previous point, Robinhood also allows for fractional-share investing. Instead of investors needing to save up hundreds or thousands of dollars to buy a single share of a high-priced stock, Robinhood allows its members to purchase fractions of a share with as little as $1.

While it’s great to see retail investors taking the bull by the horns and putting their money to work in the greatest wealth creator on the planet, their investing strategy can, at times, be questionable.

Here’s a closer look at Robinhood’s leaderboard as we prepare to enter October, which features the 50 most-held stocks on the platform:

Data source: Robinhood, as of Sept. 27, 2021.

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