10 Stocks That Received Analyst Approval This Week

2. Robinhood Markets Inc. (NASDAQ:HOOD)

Robinhood Markets Inc. is a financial services company that allows users to sell, buy, and trade cryptocurrency, stocks, exchange-traded funds, gold, and options. The company operates a mobile app platform called Robinhood. Morgan Stanley upgraded the company to Overweight and selected the trading app’s stock as its top pick.

President Donald Trump is planning to sign a special order to prioritize crypto regulation. Additionally, Bitcoin’s price is surging as the second presidential term of Donald Trump is about to start.

Regardless of past controversies, especially in the backdrop of the GME meme-trading saga a few years ago, HOOD’s stock prices showed a significant uptick in the last year. In the past 5 trading days, the company’s shares have gone up by 24%. That price movement is in sync with the strong balance sheet and profitability of the company, something investors are quite attracted to at the moment.