However, according to JPMorgan Chase & Co. (NYSE:JPM) analysts, HOOD’s metrics of active users and app downloads plunged during the third quarter, worse than expected. Several investors were furious when it temporarily halted trading in some of the meme stocks. While stocks traded on the platform are considered the most popular ones, not all of them are good bets now.
Carnival Corporation & plc (CCL), Plug Power Inc. (PLUG), Aurora Cannabis Inc. (ACB), and Zomedica Corp. (ZOM) are some of the most-traded stocks on the HOOD platform. However, they look significantly overvalued at their current price levels. So, it could be wise to avoid them now.