Robinhood's Q2 earnings report is around the corner, and it's looking promising! ๐ The trading platform, famous for the 2021 meme stock craze, is seeing a surge in meme stock and crypto trading. Influential trader Roaring Kitty is back, sparking interest in GameStop and more. April and May saw equity trading volumes up 82% and 76%, respectively, with crypto trading volume skyrocketing 238% in May. ๐
Robinhood is also evolving into a full-fledged financial services provider, with healthy growth in deposits and options trading. While some experts warn these trends might not last, the Q2 report could still boost the stock price significantly. ๐