What do we think of brokerages? (RobinHood and Moomoo?)
Just an idea, but not lengthy enough to really qualify as DD lol.
So **HOOD (**RobinHood) has a forward PE at ~31, but its earnings are growing as its price near lows.
FUTU (who owns Moomoo) is at a much better valuation ~10 PE. Similiar growth story with sales and earnings as HOOD. Their stock dipped BIG today due to China slapping them with a $230 million fee. (Which isn't even that bad considering their quarterly earnings.) Also, you get better valuations because it's a Chinese company - which may start trading for premiums over the next 3-5 years + gives you geographic diversification in your portfolio.
I own a little of both companies because I feel like they've both got good growth stories.Both have sales & earnings growth that's outpaced their market caps.
Just wanted to throw in my 2 cents - anyone else have strong opinions on HOOD / FUTU?
EDIT---I know FUTU dropped recently due to a $230 million penalty they're being assessed in China, but they're still fighting it. Might be a good time to buy since sales/earnings have been outpacing market cap for the past few years at least!