After nearly destroying the Tesla (TSLA) brand with his involvement in DOGE and politics, CEO Elon Musk turned his attack on Netflix (NFLX).
Musk told his X followers to cancel their Netflix subscriptions. He targeted an animated show for children, accusing the show and its creator of communicating a “transgender woke agenda.”
“Dead End: Paranormal Park” has a transgender character. NFLX stock is in a downtrend that started in July. It closed at $1,153.32, down by 4.73% in the last week. Its price-to-earnings ratio is at 49 times, which is a premium.
In the discount brokerage space, Robinhood (HOOD) is the dominant player. Customers may trade for free, enabling it to take Schwab’s (SCHW) market share. Investors might also consider Futu Holdings (FUTU).
CEO Vlad Tenev claimed that tokenization would shake up the financial system.
Unfortunately for Robinhood, any tokenization would see bank giant JPMorgan Chase (JPM) creating a platform for such technology.
Robinhood wants to outflank big banks, betting that they will be a late adopter of the technology. The firm has a history of embracing innovation. They have a consumer base that is loyal, youthful, and depositing more funds on the platform.
Robinhood previously had the advantage of 24/7 trading. However, Nasdaq recently approved it. Competition for Robinhood would rise, suggesting that HOOD stock is now too richly valued at this time to consider.
