Jim Cramer Talked About These 8 Stocks

2. Robinhood Markets, Inc. (NASDAQ:HOOD)

Number of Hedge Fund Holders: 79

A caller asked Cramer’s thoughts on Robinhood Markets, Inc. (NASDAQ:HOOD) during the episode, and in reply, he said:

“Okay, I like Robinhood very much, but the problem is that when it had this big spike where things looked like we’re going to have a president… that was a little more pro markets, I would own the stock. I would not buy it right here. I think the stock has another 15 to 20% downside before we really find exactly where it can be bottoming.”

Robinhood (NASDAQ:HOOD) provides a platform for financial services for users to invest in assets like stocks, ETFs, options, and cryptocurrencies. The platform offers features like fractional trading, margin investing, and educational resources. It also gives access to tools such as credit cards, spending accounts, and wallets. Artisan Partners stated the following regarding Robinhood Markets, Inc. (NASDAQ:HOOD) in its Q4 2024 investor letter:

“During the quarter, we initiated new GardenSM positions in US Foods, Pure Storage and Robinhood Markets, Inc. (NASDAQ:HOOD). Robinhood has emerged as the go-to-trading platform for millennials, boasting approximately 25 million accounts (versus Charles Schwab’s 34 million). The company’s user base skews younger, with deposits growing significantly faster than the broader industry due to several drivers, including the rise of self-directed trading, the generational wealth transfer to millennials and increasing market share. As Robinhood’s customer base matures and accumulates wealth, we believe the company is well positioned to expand its product offerings to meet evolving financial needs. Furthermore, management’s focus on profitable growth and a 90% fixed cost structure suggests meaningful margin expansion potential.”