$Robinhood(HOOD.US) back at $100 is really nice to see, but it's also because of some core catalysts that the market is pricing in:
- tapping into agentic trading TAM which can seriously scale trading volumes as it grows- the world cup, in the first few days, has already been MASSIVE for prediction markets volume which can substantially increase Q2/Q3 earnings estimates, especially since $Robinhood(HOOD.US) operates some of the volume on their own exchange now- rate cut narrative is bullish for all tech stocks, would be very bullish for trading volumes and oil below $80 can help put cuts back on the table- Trump accounts growing fast on Robinhood- insiders have bought $50M worth of stock at around $80, signaling that directors feel pretty bullish that the worst may have been priced inRobinhood fell last Q because of 15% rev growth and misses on EPS/Revenue as the street expectations were still too high. Although they have tough comps for the rest of the year, the new TAMs they are tapping into is likely what the street is frontrunning even without seeing the earnings.Additionally, the BIGGEST thing that has happened for $Robinhood(HOOD.US) in the past month is the divergence from $Grayscale Bitcoin Mini Trust ETF(BTC.US). If it was really trading with Bitcoin, it should have barely been above $75 right now. The fact that the other parts of the business are seen independently from Bitcoin is VERY good and if that continues AND $Grayscale Bitcoin Mini Trust ETF(BTC.US) eventually comes back, it could really set them up for a strong end of year.Source: amit
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