It has been an exceptionally volatile year for the stock market, and it has been music in the ears of millennial and novice investors, who have imagined that these wild fossils are rapidly enriching. Invest Online Robinhood, an application for online investments known for its commission free trades, fractional share investments and stock gifting to new members, gained millions of new users in 2020 – although the average age of its user base is only 31.
While it’s great to see young people take advantage of the time to invest for their future, it’s also unique that Robinhood hasn’t given these millennials and novice investors the tools they really need to succeed. Many do not understand the importance of long-term investments or combinations, and have instead opted to pursue penny stocks or otherwise terrifying companies.
Yet you would be surprised to know that some of the most widely held Robinhood stocks were bought in handfuls by billionaire money managers during the third quarter. Here are four of the most sought-after Robinhood stocks in Q3.
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Aurora cannabis
This is no joke. Stock of chronic underperforming marijuana Aurora cannabis (NYSE: ACB) The third quarter saw popular purchases among 13 F filers and a handful of billionaire money managers. Jim Simmons Renaissance Technologies opened at 447,378 shares this quarter, with Ken Griffin’s Citadel Advisors adding 418,994 shares to its current position.
Once the most operated stock on the Robinhood platform, Ora Rora is wrecking a train, which is why this billionaire makes a surprise purchase. This is a company that has been plagued by regulatory issues at the federal and provincial levels in Canada, as well as excesses in its previous management team. Ora Rora Cannabis paid more for its acquisition by a large sum, increasing its capacity requirement. The Canadian net loss of 3. 3.3 billion last year was mainly the result of a writedown coupled with excessive price buyouts and overcapacity.
Ora Rora Cannabis has also shown little desire to do what is best for shareholders. Between June 2014 and October-October 2020, the company’s outstanding shares accounted for more than 11,800%, with the company’s board recently offering at 500 500 million (US) to raise capital whenever it deems fit. It is plunging its shareholders into a slump and there is not a single lock to survive at this stage.
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Palantier Technologies
Although it became the only publicly traded company on the final day of the third quarter, 13F filings show that the data-mining company Palantier Technologies (NYSE: PLTR) There was a hot buy between 13F filers and billionaire selectors. Steven Cohen’s Point 72 Asset Management Increases 29.9 Million Shares with L9th Fink Blackrock And Soros Fund Management, managed by George Soros, has taken about 29.3 million and 18.5 million shares, respectively.
Paltir’s temptation is twofold. First, he chose a direct listing instead of the traditional initial public offering. Without being chirled by investment banks, Palantir’s initial valuation did not fall into the stratosphere. This allowed money managers and retail investors to position themselves on a somewhat reasonable valuation.
Another factor that has encouraged investors is the rapid growth of palanquins amid the epidemic. Providing its data-mining and analytics services to the federal government through its Gotham platform is certainly beneficial. Yet it is the opportunity to nurture with enterprise clients through the foundry platform that will become a long-term and secure growth driver. Investors should no longer expect double-digit annual sales growth.
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Plug power
The second stock billionaire could not stop buying during the third quarter was the hydrogen fuel-cell solution provider Plug power (Nasdaq: PLUG). Overall, the 13F filers increased their claim to plug power in Q3 by more than 18%, with Larry Fink of Blackrock taking the biggest bite out of an additional 7.63 million shares.
Concerns about climate change are driving a renewable energy revolution that goes far beyond electric utilities. Plug Power offers a number of brand-name retailers and groceries its hydrogen-powered technology mobility solutions (e.g., forklifts). This desire to go green, in conjunction with Coronavirus Disease 2019 (COVID-19), is a banner year for the dramatically growing demand of many major customers of Plug Power. Plug’s full-year guide suggests year-over-year sales growth of about 35%.
Additionally, Plug Power has skillfully locked some of its key customers with some warrant deals. In 2017, Amazon (Nasdaq: AMZN) With this warrant vesting based on Amazon’s order of fuel cell and hydrogen technology in the stock of the plug, a warrant was given to buy .3.5..3 million shares of the plug. Considering that the share of plug power has increased since the announcement, Amazon has increased its use of this exercise and its relationship with the plug. Absolutely encouraged to create.
Despite years of repeated profitability, renewable energy stock stock power is definitely the focus of Wall Street.
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Slack technologies
Fourth and last, billionaire investors and high-dollar money managers were formed by software-a-service (SAS) stocks. Slack technologies (NYSE: Function). In total, 13 F filers added more than 50 million net shares of Slake to their portfolio in the third quarter, with Larry Fink’s BlackRock raising 6.65 million shares in its position.
Slack by thesis is built on the same premise that SaaS stocks are running until 2020: businesses are becoming more dynamic and remote, so the workplace needs to adapt to share technical information quickly. Slkk is set up as a trusted intercompany support service. In the late July quarter, it added about 8,000 net new paying clients and had 87 87 paying customers with 1 million answers in annual recurring revenue.
But Slack is also competing against some powerhouses. Micro .ftNo. (Nasdaq: MSFT) Teams communication platforms and Zoom Video Communications (Nasdaq: ZM) Really evaluated the slack in the bay. With Microsoft’s deep pockets and branding, Zoom’s mostly grassy video growth, Slack’s ability to compete and retain for clients has been called into question. Then again, Slack also has a hand in becoming a go-to collaborative service (perhaps not at the end of the video) in the workplace, focusing on projects rather than zooming in on video and microsoft.
It’s definitely stock to keep an eye on.
