3 Robinhood stocks to buy right now that are better than Bitcoin
SSome investors might have the Bitcoin (CRYPTO: BTC) blues right now. Several of the most popular cryptocurrencies, including Bitcoin, crashed last week after the UK decided to block the world’s largest cryptocurrency exchange from operating in the country.
If you have considered buying Bitcoin but are hesitant to do so, there are other investment alternatives that could earn you more money in the long run. They rank among the 20 most widely held stocks among Robinhood investors. And these are all familiar names. Here are three popular Robinhood stocks to buy right now that are better than Bitcoin.
Image source: Getty Images.
Everyone knows Apple (NASDAQ: AAPL). It is the largest company in the world in terms of market capitalization. It ranks second on Robinhood’s Top 100 list. If you don’t already own any of the Apple products, you undoubtedly know a lot of people who do.
None of this necessarily makes Apple a better investment than Bitcoin, of course. However, I would say the underlying factors that make all of these claims about Apple true make it better than the popular cryptocurrency.
Apple has gained its popularity and size by being a consummate innovator and marketer. The company enjoys a solid divide thanks in large part to the rigidity of its iPhone-centric ecosystem. But despite its size, Apple can still get much bigger.
Augmented reality devices, foldable iPhones, and even a self-driving car are high on Apple’s list of potential new products. The company also has opportunities in important markets where it does not yet dominate, in particular including India. I think this Robinhood stock has a very good chance of outperforming Bitcoin over the next decade.
Few companies are as popular as Disney (NYSE: DIS) is. This is not surprising given that the company has been delighting children and adults for almost a century. It’s also not surprising that Disney is # 8 on the list of most popular actions on Robinhood.
But can the House of Mouse surpass the world’s largest cryptocurrency? I think so. On the one hand, Disney is expected to see sales increase as COVID-19 issues ease. Families will return to the theme parks and the company’s cruise ships. Audiences will return to theaters to watch new Disney releases along the way.
Don’t overlook Disney’s opportunities to create new markets, however. We’ve seen the company do just that before with the phenomenal success of its Disney + streaming service. If there’s a way to monetize its growing library of content, you can bet Disney will find it.
You might consider Disney stocks to be overvalued, with stocks trading at 36 times expected earnings. However, I agree with my Motley Fool colleague John Ballard that Disney actually it looks cheap when you dive into the details of the company’s growth prospects.
Drug makers are generally not as popular as a company like Disney. however, Pfizer (NYSE: PFE) landed at No.7 on this year’s Axios Harris ranking of Most Valuable Companies, beating both Apple and Disney. Great pharmaceutical actions is also the 16th most popular stock among Robinhood investors.
As you might expect, the key to Pfizer’s favor is its highly effective COVID-19 vaccine. This vaccine is also one of the main reasons to consider purchasing the stock. Pfizer and its partner BioNTech is expected to divide vaccine sales by at least $ 26 billion this year alone.
Granted, there is still some uncertainty about the strength of Pfizer’s recurring revenue from the COVID-19 vaccine over the long term. But with the emergence of powerful new coronavirus variants, the chances of the company continuing to rake in billions of dollars each year appear to be pretty good.
Pfizer offers many other products besides its COVID-19 vaccine, however. It also has a massive development pipeline with nearly 100 clinical testing programs. Don’t forget the company’s fantastic dividend, which is currently earning almost 4%. This dividend combined with Pfizer’s growth prospects could very well allow the stock’s total return to beat Bitcoin over the next several years, especially if governments continue to crack down on cryptocurrency.
10 stocks we prefer over Pfizer
When our award-winning team of analysts have stock advice, it can pay off to listen. After all, the newsletter they’ve been running for over a decade, Motley Fool Equity Advisor, has tripled the market. *
They have just revealed what they believe to be the ten best stocks for investors to buy now … and Pfizer was not one of them! That’s right – they think these 10 stocks are even better buys.
* The portfolio advisor returns on June 7, 2021
Keith Speights owns shares of Apple, Pfizer and Walt Disney. The Motley Fool owns stock and recommends Apple, Bitcoin, and Walt Disney. The Motley Fool recommends the following options: March 2023 long calls at $ 120 on Apple and March 2023 short calls at $ 130 on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.