TDOC - Surprise! Robinhood Investors Are Missing Out on These 2 High-Growth Stocks
Robinhood is a popular trading platform that often serves as a barometer of what's hot and what's not on the markets. Stocks that are among the most popular on Robinhood come from a variety of industries and risk levels, but most are primed for serious growth.
However, there are a couple of surprising omissions from the Robinhood Top 100, a continuously updated list of the most popular stocks on the platform. Teladoc Health (NYSE: TDOC) and Shopify (NYSE: SHOP) are two high-growth stocks that I'd expect to be popular among Robinhood investors, especially since both companies doubled their sales over the past two years and Robinhood captures a large millennial audience that follows burgeoning businesses.
Teladoc Health is currently the 212th most popular stock on the platform, according to Robintrack, which tracks the popularity of stocks on Robinhood. That's a surprise considering the virtual healthcare platform's success this year -- its share price is up more than 120% year-to-date. Teladoc's service allows patients with or without insurance to access a doctor via virtual visits, demand for which has soared amid the COVID-19 pandemic, as people shelter at home and avoid in-person trips to the doctor's office.