Robinhood Markets ( HOOD 3.76% ) , the online brokerage that popularized commission-free trading, went public in July 2021 at $38 a share. Its stock hit an all-time high of $70.29 less than a week later, but it dropped below $7 by the following June. Robinhood's stock plummeted as rising interest rates curbed the market's appetite for the higher-risk stocks, options, and cryptocurrencies that have driven most of its growth during the pandemic. However, its stock recovered over the following two years as interest rates peaked and investors poured more cash back into its platform. Robinhood's stock trades at about $36 as of this writing, which marks a five-bagger gain from its all-time low but still falls shy of its IPO price. Let's take a fresh look at its business and see where its stock might head over the next three years. What happened to Robinhood over the past few years? Robinhood's growth accelerated during the pandemic as social media buzz, stimulus checks, and a fear of missing out (FOMO) brought a stampede of investors to its commission-free trading platform. That buying frenzy, which lasted throughout most of 2020 and 2021, drove many meme stocks to their all-time highs. Robinhood went public near the peak of that buying frenzy. But in 2022, its growth in funded customers nearly stalled out, its number of monthly active users (MAUs) plummeted, and its assets under custody (AUC) shriveled as it attracted fewer net deposits during the market downturn. That decline can be largely attributed to rising interest rates, which chilled the market and drove investors toward more conservative investments. But in 2023 and 2024, its business stabilized with the broader market as investors focused on future interest rate cuts. Metric 2020 2021 2022 2023 9 months of 2024 Funded customers (in millions) 12.5 22.7 23 23.4 24.3 MAUs (in millions) 11.7 17.3 11.4 10.9 11 AUC (in billions) $63 $98 $62 $103 $152 Data source: Robinhood. Its MAUs remain below its pandemic-era peak, but its annualized average revenue per user (ARPU) rose 31% year over year to $105 in the third quarter of 2024. That's only slightly lower than its peak APRU of $115 back in the second quarter of 2020. That growth was fueled by the market's recovery and the expansion of its subscription-based Gold plan, which provides higher interest rates on uninvested cash, bonuses on taxable deposits and IRA contributions, bigger instant deposits, lower margin rates, access to Level II trading data, and other perks. Its number of Gold subscribers jumped 65% year over year to 2.2 million in the third quarter of 2024. Robinhood also turned profitable on a generally accepted accounting principles ( GAAP ) basis in the first nine months of 2024 as it cut costs and reined in its stock-based compensation. It even launched a $1 billion buyback plan earlier this year. What's next for Robinhood? Robinhood still faces stiff competition from traditional brokerages like Charles Schwab (NYSE: SCHW) and Morgan Stanley 's (NYSE: MS) E*Trade, which pivoted toward commission-free stock trades over the past few years. It also still generated 80% of its transaction revenue from riskier options and crypto trades instead of equities in its latest quarter, and that mix could exacerbate its volatility during a market downturn. Yet Robinhood's growth in funded customers remains stable, it's locking in more of its active users into its Gold plans, and it's increasing the stickiness of its ecosystem with more cash management and digital payment services. It's also tethering more users to its Robinhood Cash Card, a debit card that runs on Mastercard 's (NYSE: MA) payment network and provides cashback rewards with automatic investments. If the Fed continues to cut rates, investors will likely pour more cash into Robinhood and place more trades. However, the Federal Reserve recently projected it would make fewer rate cuts in 2025 unless inflation finally cooled off -- and that pressure could chill the market again and throttle Robinhood's growth over the next three years. Where will Robinhood's stock be in three years? From 2023 to 2026, analysts expect Robinhood's revenue to grow at a compound annual growth rate (CAGR) of 22%. On the bottom line, they expect it to stay profitable in 2024 and grow its net income at a CAGR of 8% over the following two years. Those growth rates seem steady, but they might disappoint investors who had hoped for an acceleration to its pandemic-era levels again. Its stock also isn't a screaming bargain at 42 times next year's earnings. Assuming it matches Wall Street's estimates, continues to grow its earnings per share at a CAGR of 8% from 2026 to 2028, and still trades at 40 times forward earnings, its stock could potentially rise nearly 20% over the next three years. That's a decent three-year gain, but it might not be worth the near-term risk. Investors can likely net similar gains with more conservative stocks, and Robinhood's stock could easily be cut in half again if the market crashes and crushes its valuations.DALLAS (AP) — Luka Doncic is returning to the Dallas lineup Monday night against the Portland Trail Blazers after missing the Mavericks’ two previous games with a left heel contusion. Doncic won last season’s scoring title with a career-best 33.9 points per game and is fifth in the NBA this season averaging 28.9, and seventh in assists, averaging 8.2. He had triple-doubles in three of his last four games, including his most recent appearance last Sunday with 45 points, 13 assists and 11 rebounds in a 143-133 win at Golden State. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
Brock Purdy will miss Sunday's game for the 49ers with a shoulder injuryA significant proportion of Ireland’s multi-billion-euro corporation tax receipts is ‘volatile’ as a result of Donald Trump’s US election victory, Finance Minister Jack Chambers said this weekend. The minister was speaking as outgoing Fine Gael and Fianna Fáil Cabinet members revealed a major diplomatic effort is being launched in a bid to protect the country’s multinational sector. It comes after president-elect Trump and his newly appointed trade tsar Howard Lutnik both indicated they will target US multinationals who account for a significant level of the State’s tax receipts. Mr Trump has said he will reduce the US corporation tax rate to 15% – the same as Ireland’s headline rate – and seek to repatriate profits back to America. Billionaire businessman Mr Lutnik – who is CEO of the international brokerage firm Cantor Fitzgerald – previously said America can only ‘became a great country again’ if Ireland ‘stops running a trade surplus at our expense’. The stark threat posed by the new US administration’s policies was underlined in a briefing memo sent to Cabinet this week. Fears are growing for the future of 378,000 jobs in the multinational sector, the importance of which was underlined by Exchequer figures published this week confirming foreign employers based here paid €21.5bn in tax receipts in the year up to the end of October – a rise from €15.7bn recorded for the same period 12 months ago. Underlining the importance of corporation tax revenue to the economy, Mr Chambers told the Irish Mail on Sunday: ‘There is a concentration risk in corporation tax receipts relating to US FDI [Foreign Direct Investment]... and a significant portion of our corporation tax revenue is volatile.’ Mr Chambers acknowledged the US is ‘Ireland and Europe’s single-most important economic partner. Therefore, the economic policies pursued by the next US president will undoubtedly permeate through to the Irish and European economies.’ The minister added: ‘We will work with the new administration in a constructive manner – as a government. We worked successfully with the previous Trump administration. ‘Our bilateral relationship will continue to be mutually beneficial. It is prudent and responsible to prepare for all possibilities. In Ireland, we will continue to stress the benefits of multilateralism, of two-way international trade and investment.’ Enterprise Minister Peter Burke also acknowledged Mr Trump’s trade policies posed a real ‘threat’ to the economy. He told the MoS: ‘Ireland cannot afford to get this wrong – the threat of a transatlantic trade shock is real. ‘I am working closely with Cabinet colleagues and officials in my Department – to plan and ensure we are resilient to any change in our trading relationships.’ In an indication of cross-party concern over the Trump threat to the economy, Fianna Fáil Minister of State Niall Collins said the State ‘is going to have to deploy all of its diplomatic strengths to manage an uncertain landscape. America is now a central focus of our diplomatic strategy.’ The Limerick TD also hit out at Sinn Féin’s policies, which he said would result in a deterioration of Ireland’s close relationship with the US. He told the MoS: ‘Our relationship with President Trump and America needs experienced hands not amateur permanent protesters. Managing Ireland’s relationship with a capricious president and an increasingly hostile American audience is a job for senior hurlers rather than minors and occasional amateurs.’ Former junior minister for foreign affairs, Colm Brophy, admitted relations between Ireland and the US ‘could become very difficult’. He told the MoS: ‘In the current uncertain scenario you need experience and wisdom to deal with a very uncertain scenario. Dealing with Donald Trump and American protectionism is not a task for beginners. Our task is to prevent a crisis which could be more fundamental than Brexit.’ Despite the significant threat to the economy, political parties were this weekend accused of making ‘populist’ pre-election promises in the countdown to Friday’s ballot. A MoS analysis of the main parties’ election manifestos reveal Fianna Fáil, Fine Gael and Sinn Féin have made between €50bn and €60bn in promises to buy votes. The smaller political parties were unable to provide overall figures for their election promises. Commenting on the pledges, economist Alan McQuaid said: ‘All these politicians can make all the promises they like but ultimately they’re not the ones in the firing line. A lot of the promises are nonsense, I don’t know how they are going to pay for it. If you are going to spend money you have to raise taxes somewhere. ‘It’s all populist politics and at the end of the day it’s the wrong approach. You can’t lower taxes and spend money willy-nilly just like that. Instead of just taking the cautionary approach, we’re just throwing money willy-nilly at it.’ Mr McQuaid said Ireland is ‘probably the the most exposed European country’ to the incoming Trump administration’s trade plans. ‘They are no friends of the EU – Ireland is in the firing line.’ The economist said he does not believe there will be an immediate exodus of multinationals, many of whom have been in Ireland for decades. But he warned Trump’s trade policies will hurt future Foreign Direct Investment into the country. ”We are highly reliant on the corporation tax money? even if President Trump does bring corporation tax down to 15%, I don’t think it’s going to impact companies already here but it might well impact potential investment here. ‘What he [Trump] is going to do in theory is not good for us. You can overstate the negativity in all of this, it can’t be good, but I don’t think it is going to be apocalyptic.’ This view was echoed by a senior executive in the multinational pharma sector. The source said: ‘I can’t see companies that are here already closing down and moving. It takes 10 years to build a pharma plant. But companies looking at major investment decisions will delay making them until the end o’If the Trump administration. I think it will affect companies that are thinking of coming here. So, the policies will affect future investment here, that’s for sure.’ Professor Majella Giblin, a lecturer of economics at the University of Galway, said she believes some manufacturing jobs may move back to the US as a result of Mr Trump’s pledge to impose tariffs on exports and to reduce corporation tax. She said: ‘Of course, we don’t know exactly what the extent of that will be and the changes that Trump will bring in, and that his new administration will bring in, in terms of tariffs and all of that.’ A spokesman for Taoiseach Simon Harris last night said: ‘The chances of a transatlantic trade shock have undoubtedly increased. That is why Fine Gael is setting aside a very significant amount into future funds, to protect our country from any economic shock.’. The Taoiseach had already had ‘an excellent conversation’ with president-elect Trump and agreed to cooperate closely.’ Additional reporting by John Drennan.US crypto industry eyes possible day-one Trump executive orders
Percentages: FG .569, FT .607. 3-Point Goals: 9-18, .500 (Thomas 2-2, Watkins 2-3, Deng 2-4, Holt 1-1, Swinton 1-1, Davis 1-2, Bol Bowen 0-1, Crawford 0-1, Rozakeas 0-1, Jackson 0-2). Team Rebounds: 6. Team Turnovers: None. Blocked Shots: 4 (Bol Bowen, Deng, Ewin, Holt). Turnovers: 11 (Jones 2, Bol Bowen, Davis, Deng, Ewin, Maluk, Mbatch, Swinton, Thomas, Watkins). Steals: 7 (Bol Bowen 2, Crawford, Davis, Jackson, Maluk, Swinton). Technical Fouls: Bol Bowen, 14:54 second. Percentages: FG .310, FT .690. 3-Point Goals: 3-24, .125 (Curry 1-2, Rivera 1-4, Guerengomba 1-6, Ndjigue 0-1, Watson 0-1, Worthy 0-2, Diggins 0-8). Team Rebounds: 8. Team Turnovers: 1. Blocked Shots: 1 (Rivera). Turnovers: 16 (Rivera 3, Worthy 3, Curry 2, Hankins-Sanford 2, Abdelgowad, Diggins, Guerengomba, Muhammad, Ndjigue, Watson). Steals: 7 (Ndjigue 3, Rivera 2, Abdelgowad, Diggins). Technical Fouls: None. .
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Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Option Care Health, Inc. ( NASDAQ:OPCH – Free Report ) by 438.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,257 shares of the company’s stock after buying an additional 118,292 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.09% of Option Care Health worth $4,547,000 at the end of the most recent quarter. Several other large investors have also bought and sold shares of the business. CANADA LIFE ASSURANCE Co lifted its stake in shares of Option Care Health by 1.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 134,305 shares of the company’s stock valued at $4,503,000 after purchasing an additional 2,355 shares during the period. CreativeOne Wealth LLC lifted its stake in Option Care Health by 24.9% in the first quarter. CreativeOne Wealth LLC now owns 10,885 shares of the company’s stock valued at $365,000 after buying an additional 2,173 shares during the period. BOKF NA boosted its holdings in Option Care Health by 13.5% during the first quarter. BOKF NA now owns 47,139 shares of the company’s stock worth $1,546,000 after buying an additional 5,589 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Option Care Health by 1.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,760,482 shares of the company’s stock worth $59,047,000 after buying an additional 23,676 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Option Care Health by 182.9% in the 1st quarter. Janus Henderson Group PLC now owns 227,135 shares of the company’s stock valued at $7,617,000 after acquiring an additional 146,837 shares during the last quarter. 98.05% of the stock is currently owned by institutional investors and hedge funds. Option Care Health Trading Up 2.8 % OPCH opened at $23.13 on Friday. The stock has a market capitalization of $3.94 billion, a P/E ratio of 19.44, a P/E/G ratio of 2.33 and a beta of 1.32. The company has a current ratio of 1.73, a quick ratio of 1.32 and a debt-to-equity ratio of 0.77. Option Care Health, Inc. has a 12 month low of $21.39 and a 12 month high of $34.63. The firm’s fifty day simple moving average is $27.62 and its 200 day simple moving average is $29.10. Insider Activity Analysts Set New Price Targets Several research firms recently weighed in on OPCH. Barrington Research reduced their price objective on shares of Option Care Health from $40.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. JMP Securities lifted their price target on shares of Option Care Health from $36.00 to $37.00 and gave the stock a “market outperform” rating in a research report on Monday, September 30th. Truist Financial lowered their price objective on shares of Option Care Health from $41.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group lowered Option Care Health from a “buy” rating to a “hold” rating and reduced their target price for the stock from $38.00 to $26.00 in a report on Thursday, October 31st. Finally, Bank of America cut Option Care Health from a “buy” rating to a “neutral” rating and decreased their target price for the company from $43.00 to $29.00 in a research note on Wednesday, October 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Option Care Health has a consensus rating of “Moderate Buy” and an average price target of $30.83. View Our Latest Stock Report on Option Care Health Option Care Health Profile ( Free Report ) Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders. Featured Stories Want to see what other hedge funds are holding OPCH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Option Care Health, Inc. ( NASDAQ:OPCH – Free Report ). Receive News & Ratings for Option Care Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Option Care Health and related companies with MarketBeat.com's FREE daily email newsletter .
NoneDiamondback Energy CEO Travis Stice sells $517,536 in stock
Hawker centres bring together diners of different races, ages, and social strata to enjoy food derived from our multi-racial heritage. Perhaps it is no coincidence that while we wring our hands about how to make hawker culture sustainable in Singapore, hawker fare is thriving in Perth. This crossed my mind while I was having kopi-o gau and kaya toast one morning in Perth, where I now live, and the thought developed over the next day, when I had nasi lemak and kopi peng. Already a subscriber? Log in Get exclusive reports and insights with more than 500 subscriber-only articles every month $9.90 $9.90/month No contract ST app access on 1 mobile device Subscribe now All subscriber-only content on ST app and straitstimes.com Easy access any time via ST app on 1 mobile device E-paper with 2-week archive so you won't miss out on content that matters to you Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
A rape allegation against rapper Jay-Z, whose company Roc Nation has produced some of the NFL’s entertainment presentations including the Super Bowl halftime show, will not affect the league’s relationship with the music mogul. “We’re aware of the civil allegations and Jay-Z’s really strong response to that,” NFL (National Football League) commissioner Roger Goodell said on Wednesday after the conclusion of the league’s winter meetings. “We know the litigation is happening now. From our standpoint, our relationship is not changing with them, including our preparations for the next Super Bowl.” A woman who previously sued musician Sean “Diddy” Combs, alleging she was raped at an awards show after-party in 2000 when she was 13 years old, amended the lawsuit on Sunday to include a new allegation that Jay-Z was also at the party and participated in the sexual assault. Jay-Z, real name Shawn Carter, said the rape allegation made against him is part of an extortion attempt. The 24-time Grammy Award winner called the allegations “idiotic” and “heinous in nature” in a statement released by Roc Nation. The NFL teamed up with Jay-Z’s Roc Nation in 2019 for events and social activism. The league and the entertainment company extended their partnership a few months ago. Kendrick Lamar will perform the Super Bowl halftime show at The Caesars Superdome in New Orleans on February 9. Roc Nation and Emmy-winning producer Jesse Collins will serve as co-executive producers of the halftime show. Beyonce, who is married to Jay-Z, will perform at halftime of the Baltimore Ravens-Houston Texans game at Christmas. “I think they’re getting incredibly comfortable not just with the Super Bowl but other events they’ve advised us on and helped us with,” Mr Goodell said. “They’ve been a big help in the social justice area to us on many occasions. They’ve been great partners.”Trump promises to end birthright citizenship: What is it and could he do it?The Vikings have prepared for the game against the Atlanta Falcons without veteran quarterback Stephon Gilmore this week, and on Friday he was officially ruled out ahead of the matchup on Sunday afternoon at U.S. Bank Stadium. The news isn’t surprising given the fact that Gilmore hasn’t practiced at all this week at TCO Performance Center. He’s been nursing a hamstring injury since last week when he left a victory over the Arizona Cardinals. Though the Vikings believe that Gilmore has avoided anything serious, they are clearly being cautious with him so not to make anything worse. The loss of Gilmore in the short term will thrust veteran cornerback Fabian Moreau into a bigger role on defense.
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NoneBy KEVIN FREKING WASHINGTON (AP) — National defense would see a 1% increase in spending this fiscal year under a Pentagon policy bill that also gives a double-digit pay raise to about half of the enlisted service members in the military. Related Articles Politics | Hegseth meets with moderate Sen. Collins as he lobbies for key votes in the Senate Politics | Donald Trump will ring the New York Stock Exchange bell. It’ll be a first for him Politics | The Trump and Biden teams insist they’re working hand in glove on foreign crises Politics | ‘You don’t know what’s next.’ International students scramble ahead of Trump inauguration Politics | Trump is threatening to raise tariffs again. Here’s how China plans to fight back The measure is traditionally strongly bipartisan, but not this year as some Democratic lawmakers protest the inclusion of a ban on transgender medical treatments for children of military members if such treatment could result in sterilization. The bill is expected to pass the House Wednesday and then move to the Senate, where lawmakers had sought a bigger boost in defense spending than the $895.2 billion authorized in the compromise measure before them. Lawmakers are touting the bill’s 14.5% pay raise for junior enlisted service members and a 4.5% increase for others as key to improving the quality of life for those serving in the U.S. military. Those serving as junior enlisted personnel are in pay grades that generally track with their first enlistment term. Lawmakers said their pay has failed to remain competitive with the private sector, forcing many military families to rely on food banks and government assistance programs to put food on the table. The bill also provides significant new resources for child care and housing. “No service member should have to live in squalid conditions and no military family should have to rely on food stamps to feed their children, but that’s exactly what many of our service members are experiencing, especially the junior enlisted,” said Rep. Mike Rogers, R-Ala., chairman of the House Armed Services Committee. “This bill goes a long way to fixing that.” The bill sets key Pentagon policy that lawmakers will attempt to fund through a follow-up appropriations bill. The overall spending tracks the numbers established in a 2023 agreement that then-Speaker Kevin McCarthy reached with President Joe Biden to increase the nation’s borrowing authority and avoid a federal default in exchange for spending restraints. Many senators had wanted to increase defense spending some $25 billion above what was called for in that agreement, but those efforts failed. Sen. Roger Wicker, R-Miss., who is expected to serve as the next chairman of the Senate Armed Services Committee, said the overall spending level was a “tremendous loss for our national defense,” though he agreed with many provisions within the bill. “We need to make a generational investment to deter the Axis of Aggressors. I will not cease work with my congressional colleagues, the Trump administration, and others until we achieve it,” Wicker said. House Republicans don’t want to go above the McCarthy-Biden agreement for defense spending and are looking to go way below it for many non-defense programs. They are also focused on cultural issues. The bill prohibits funding for teaching critical race theory in the military and prohibits TRICARE health plans from covering gender dysphoria treatment for children under 18 that could result in sterilization. Rep. Adam Smith of Washington state, the ranking Democratic member of the House Armed Services Committee, said minors dealing with gender dysphoria is a “very real problem.” He said the treatments available, including puberty blockers and hormone therapy, have proven effective at helping young people dealing with suicidal thoughts, anxiety and depression. “These treatments changed their lives and in many cases saved their lives,” Smith said. “And in this bill, we decided we’re going to bar servicemembers’ children from having access to that.” Smith said the number of minors in service member families receiving transgender medical care is in the thousands. He said he could have supported a study asking medical experts to determine whether such treatments are too often used, but a ban on health insurance coverage went too far. He said Speaker Mike Johnson’s office insisted upon the ban. Rep. Chip Roy, R-Texas, called the ban a step in the right direction, saying “I think these questions need to be pulled out of the debate of defense, so we can get back to the business of defending the United States of America without having to deal with social engineering debates.” Smith said he agrees with Roy that lawmakers should be focused on the military and not on cultural conflicts, “and yet, here it is in this bill.” Rep. Hakeem Jeffries, the House Democratic leader, said his team was not telling Democrat how to vote on the bill. He said he was still evaluating the legislation as of Wednesday morning. “There’s a lot of positive things in the National Defense Authorization Act that were negotiated in a bipartisan way, and there are some troubling provisions in a few areas as well,” Jeffries said. The defense policy bill also looks to strengthen deterrence against China. It calls for investing $15.6 billion to build military capabilities in the Indo-Pacific region. The Biden administration had requested about $10 billion. On Israel, the bill, among other things, includes an expansion of U.S. joint military exercises with Israel and a prohibition on the Pentagon citing casualty data from Hamas. The defense policy bill is one of the final measures that lawmakers view as a must-pass before making way for a new Congress in January. The Senate is expected to take up the legislation next week. It then would move to President Joe Biden’s desk to be signed into law.Trump promises to end birthright citizenship: What is it and could he do it?