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Tesla shares plunged 17% in the wake of the company's layoffs, and millennial investors are piling into the stock.
Tesla is gaining around this week — and investors on the free-trading app Robinhood appear to be selling the stock.
Warren Buffett tells investors to buy, hold, and don't watch too closely when the stock market sells off. Investors on Robinhood seem to be following Buffett's advice as a majority of the most-popular stocks on the trading app have seen investor interest increase over the past three weeks.
Netflix will report its third-quarter results after Tuesday's closing bell. Shares have fallen more than 20% since peaking in June and were punished particularly hard during last Wednesday's aggressive markets sell-off.
General Electric named Lawrence Culp as its new CEO earlier this month. Investors on Robinhood, a free-trading app popular among younger traders, are snapping up shares are the company gets ready to report its third-quarter results.
Millennial investors on Robinhood appear to be buying the dip, a practice of loading up on equities amid periods of selling that's become extremely popular among investors of all ranks as the now decade-long bull market continued to chug along.
Amarin and Geron are two of the most popular stocks on the free stock trading app Robinhood. One stock has quadrupled in value in recent weeks while the other has seen its shares crash. In both cases, investors appear to be hoping more gains are in store.
Nike is currently the 52nd most-popular stock on the brokerage Robinhood, and has seen its holdings skyrocket thanks to the Kaepernick ad campaign. Twenty-two thousand investors on Robinhood currently own the stock, up 18% from less than a week ago.
Young investors on the stock-trading app Robinhood are loading up on Amazon ahead of the e-commerce giant's second-quarter results.
10-year-old iQiyi went public in March after being spun off by the Chinese search giant Baidu in an initial public offering that raised $2.25 billion for the video service. It currently boasts 20 million subscribers.