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The growing adoption of digital platforms for trading stocks and other securities, coupled with increasing technology spending by online brokerage firms to attract millennial investors, should continue to fuel the industry’s growth.
However, popular online broker stocks CoinBase Global Inc. (COIN) and Robinhood Markets Inc. (NASDAQ:HOOD) have failed to capitalize on the industry tailwinds due to their poor fundamentals. Thus, we think these stocks should be avoided now.
