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Under The Hood (06-23-2020)

June 24, 2020

From the desk of Steve Strazza @Sstrazza.

Last week, we introduced our new weekly column called "Under The Hood." You can read more about it here.

Basically, we are looking at a universe of the most popular stocks on Robinhood measured by the net increase in accounts holding them week-over-week. Then we're drilling into the charts to find opportunities to either join in and ride the momentum in these names higher, or bet against those that get too frothy.

Here is this week's list. It represents the top 60 stocks that experienced net increases in ownership among Robinhood users last week. We've also included their weekly performance.

Click table to enlarge view.