Does Robinhood Markets Deserve a Place in Your Portfolio?

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HOOD’s second-quarter revenue soared due primarily to increased cryptocurrency trading. However, with the Federal Reserve inching closer to tapering its asset purchases, investors might rotate away from riskier assets, such as cryptocurrency.

Furthermore, HOOD’s management said, regarding the third quarter, that “we expect seasonal headwinds and lower trading activity across the industry to result in lower revenues and considerably fewer new funded accounts than in the prior quarter.” So, HOOD’s near-term prospects look bleak.

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