Daily Stock Ideas – August 31, 2021
Today’s 5 Stock Ideas:
- Robinhood (HOOD) – Shares closed down 7% on Monday and continued lower Tuesday. A report from Dow Jones suggested SEC Chair Gary Gensler indicated banning payment for order flow was “on the table.” A recent Motley Fool article noted payment for order flow now contributes to about 80% of Robinhood’s total sales.
- Globalstar (GSAT) – Shares of this satellite services company were sensitive Monday and Tuesday amid a report Apple (AAPL) will add satellite capabilities to iPhones for usage in emergencies.
- Vinco Ventures (BBIG) – The most-searched ticker on Benzinga Pro over the last 24 hours.
- PayPal (PYPL) – Likely adding to downside in Robinhood shares Monday, a Monday report suggested PayPal is considering a stock trading platform for users. PayPal shares closed Monday’s session up 3.6% on the report.
- Funko (FNKO) – The stock was up 5% Tuesday morning amid an upgrade to Buy by an analyst at Jefferies. The analyst set a $25 price target on Funko shares.