5 Robinhood Stocks To Buy That Are Too Cheap To Ignore

In this article, we will be taking a look at 5 Robinhood stocks to buy that are too cheap to ignore. To see more such stocks, go to 10 Robinhood Stocks To Buy That Are Too Cheap To Ignore.

5. Energy Transfer L.P. (NYSE:ET)

Number of Hedge Fund Holders: 33

Share Price as of November 28: $12.36

Energy Transfer L.P. (NYSE:ET) is an energy company based in Dallas, Texas. The company owns and operates about 11,600 miles of natural gas transportation pipeline, and three natural gas storage facilities in Texas, alongside two more facilities in Texas and Oklahoma.

An Overweight rating was reiterated on Energy Transfer L.P. (NYSE:ET) shares on October 19 by analyst Robert Kad at Morgan Stanley. A price target of $17 was also placed on the stock.

Energy Transfer L.P. (NYSE:ET) is among the cheapest options in the high-yield midstream business today. The company is larger and better diversified than its competitors. In its third-quarter results, it showed solid progress towards deleveraging its balance sheet, showing over $2.3 billion in total available liquidity under its revolving credit facility.

There were 33 hedge funds long Energy Transfer L.P. (NYSE:ET) in the third quarter. Their total stake value was $614 million.

4. DraftKings Inc. (NASDAQ:DKNG)

Number of Hedge Fund Holders: 34

Share Price as of November 28: $15.14

DraftKings Inc. (NASDAQ:DKNG) is a casino and gaming company operating a digital sports entertainment and gaming business. It is based in Boston, Massachusetts.

Joseph Stauff at Susquehanna holds a Positive rating and a $19 price target on DraftKings Inc. (NASDAQ:DKNG) shares as of November 22.

This November, Morgan Stanley named DraftKings Inc. (NASDAQ:DKNG) as one of the gaming sector’s standouts. The stock was named the top overall sector pick with a 34% upside for its base case. Piper Sandler’s bullish Overweight rating on the stock placed the same month also resulted in the stock rallying 3.55% premarket to $15.44.

DraftKings Inc. (NASDAQ:DKNG) was found among the 13F holdings of 34 hedge funds in the third quarter, with a total stake value of $830 million.

3. Palantir Technologies Inc. (NYSE: PLTR)

Number of Hedge Fund Holders: 35

Share Price as of November 28: $7.28

Palantir Technologies Inc. (NYSE: PLTR) is an information technology company building and deploying software platforms for the intelligence community in the US. The company’s work assists in counterterrorism investigations and operations.

Palantir Technologies Inc. (NYSE: PLTR) is considered to be a revolutionary company in the data sector, offering its customers the chance to benefit from the ability to generate synergies from its side. Now is the perfect time to buy in the company, as the stock’s share price has dropped almost 80%, while it still represents an impressive portfolio of software assets and growth potential. The company outperformed in the third quarter, with its revenue growing by 22% year-over-year to $478 million, US revenue alone growing by 31% year-over-year to $297 million, and its government business surpassing the $1 billion revenue mark on a trailing three months basis.

Our hedge fund data shows 35 funds long Palantir Technologies Inc. (NYSE: PLTR) in the third quarter, with a total stake value of $431 million.

2. Ford Motor Company (NYSE:F)

Number of Hedge Fund Holders: 47

Share Price as of November 28: $14.08

Ford Motor Company (NYSE:F) is an automobile manufacturer based in Dearborn, Michigan. The company designs and manufactures a range of Ford trucks, cars, sport utility vehicles, EVs, and Lincoln luxury vehicles.

On October 27, analyst Adam Jonas reiterated an Overweight rating on Ford Motor Company (NYSE:F).

In the third quarter, Ford Motor Company (NYSE:F) reported strong results beating consensus estimates on the topline and lifting its full-year EBIT guidance. The company’s EPS was $0.30, in line with estimates, while its revenue from automotive was $37.2 billion, showing an annual growth of 12% and beating estimates by $90 million. The company has also lifted its 2022 outlook, raising its EBIT guidance to $11.5 billion, demonstrating a 15% growth year-over-year.

In total, 47 hedge funds were long Ford Motor Company (NYSE:F) in the third quarter. Their total stake value was $1.2 billion.

1. General Motors Company (NYSE:GM)

Number of Hedge Fund Holders: 74

Share Price as of November 28: $40.46

General Motors Company (NYSE:GM) is another automobile manufacturer on our list. It is based in Detroit, Michigan.

Rod Lache, an analyst at Wolfe Research, holds a Peer Perform rating on General Motors Company (NYSE:GM) as of November 10.

General Motors Company (NYSE:GM) reported exemplary top and bottom-line growth quarter-over-quarter and year-over-year in the third quarter, with its sustained gross margins of 14.1% against 14.4% in the third quarter of 2021. The company boosted its EPS to $2.25 against estimates of $1.88. Its free cash flow generation was also impressive, standing at $0.23 billion and showing a notable improvement from the previous quarter.

Our hedge fund data shows 74 funds long General Motors Company (NYSE:GM) in the third quarter. Their total stake value was $3.3 billion.

Diamond Hill Capital, an investment management company, mentioned General Motors Company (NYSE:GM) in its third-quarter 2022 investor letter. Here’s what the firm said:

“Most recently, we initiated a position in General Motors Company (NYSE:GM), one of the largest automakers in the United States. Over the past several years, GM has taken steps necessary to focus the company on the most profitable segments and move into position to compete in an electrified and autonomous world. With the recent rise in interest rates there was a meaningful selloff in the auto industry, which presented us an attractive entry point to a name we know well.”

See also 10 Reddit Stocks That Are Too Cheap To Ignore and 10 Cheap Monthly Dividend Stocks To Buy.