2 stocks of Robinhood ready for a bull run

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Robinhood is one of the most popular investing apps for millennials due to its low fees and user-friendly platform. The company publishes a list of its 100 most popular stocks, and two of them look set for a bull run.

The first choice is DraftKings (NASDAQ: DKNG), a bet on the booming sports betting industry. The second is Beyond meat (NASDAQ: BYND), a producer of meat substitutes with real return potential. Both stocks appear poised to beat the market due to their rapid revenue growth and compelling business models.

Image source: Getty Images.

1. DraftKings

The sports betting industry is expected to grow at a compound annual growth rate of 8.8% through 2024, but DraftKings is growing much faster. The mobile betting platform has seen its price climb 212% since the start of the year (until the close on Friday), while the S&P 500 just recently broken.

Investors should keep in mind that the sports betting industry faces short-term challenges if major sports seasons are canceled or even shortened by the coronavirus pandemic. But DraftKings is poised for continued long-term growth due to its expansion into non-traditional betting like esports and virtual leagues.

It released the first quarter results on May 15 and the results show that the platform can perform well in this tough economic environment. Total revenue increased 30% to $ 88.54 million, and the company released new, non-traditional content including NASCAR-based esports and video games. Counter Strike and Rocket league.

While the full impact of the pandemic will likely be felt in the second quarter (whose results will be released on August 14), DraftKings should hold up well thanks to these new betting options.

DraftKings is also taking action on the traditional side of the industry. This month, the company signed a multi-year agreement with the Professional Golfers’ Association Tour to become the organization’s first official betting operator. And he has an agreement with Casino Queen in East St. Louis, Ill. To rename the DraftKings property to Casino Queen.

Both movements strengthen the profile of the brand and open the door to potential income opportunities in golf betting and physical casinos.

2. Beyond meat

Beyond Meat is a disruptive food company known for the Beyond Burger, a plant-based patty that closely mimics the taste and texture of real beef. The stock has already climbed 67% since the start of the year and has plenty of room for continued growth due to its promising international expansion.

On July 15, Beyond Meat entered the Brazilian market with products intended for sale in the high-end St. Marche supermarket chain in Sao Paulo. The announcement follows earlier Chinese debuts in a deal with Starbucks in April and a partnership with AlibabaThe Freshippo grocery chain in July.

International sales could potentially become a massive growth engine for Beyond Meat, especially in large vegetarian populations like India.

Beyond Meat released its first quarter results on May 5 and the results show its international potential. Total revenue increased 141% to $ 97.1 million, while international sales increased 108% from $ 12 million to $ 25 million. Beyond Meat products are now available in 74 countries and the company has opened a factory in the Netherlands, its first location outside the United States.



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