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If You Own These 3 Growth Stocks, You Might Want to Rethink Your Position

·5 min read
If You Own These 3 Growth Stocks, You Might Want to Rethink Your Position
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  • HOOD

When investing in growth stocks, you typically are looking for a high slugging percentage, meaning that even if quite a few of your picks are duds, the winners more than make up for the losses because of how much they can compound over the long term. Three popular growth stocks in which investors may want to rethink their positions are Robinhood (NASDAQ: HOOD), Skillz (NYSE: SKLZ), and Opendoor Technologies (NASDAQ: OPEN). In the quarter that ended in June, Robinhood grew monthly active users (MAUs) 109% to 21.9 million, and assets under custody (AUC) increased 205% to $102 billion.