Robinhood is a great place to see which stocks are in vogue. The trading platform is popular with millennials, and many of the best-performing stocks on the markets find themselves on the Robinhood 100 list. However, not all of these widest-held investments are necessarily good buys, particularly during the economic turmoil that has resulted from the coronavirus pandemic.
The three stocks listed below are among the hottest Robinhood stocks right now, but they're also investments that you should keep far away from your portfolio.
Cronos Group (NASDAQ: CRON) is a top stock on Robinhood, but the Ontario-based pot producer really shouldn't be a crowd favorite. Considering its lack of sales growth, recurring operating losses, and a high price-to-sales multiple of more than 80, it's obvious that there are better pot stocks than Cronos.