2 Top-Ranked Stocks for Crypto Exposure

Zacks
Yesterday

Crypto has caught many eyes over recent months, with investors clamoring for exposure following the bullish move. The U.S. election helped light the fire in a big way, with President-elect Donald Trump’s favorable stance on digital assets providing a big boost.   

But it’s no secret that crypto is a volatile asset class, spooking many with a more conservative approach. Still, market participants can still obtain decent exposure through several stocks, a list that includes Robinhood Markets HOOD and Coinbase COIN.

Robinhood Markets

Robinhood’s easy-to-use platform lets investors trade a wide variety of assets, which includes cryptocurrencies. The stock sports a favorable Zacks Rank #2 (Buy), with EPS expectations moving higher across the board.


Image Source: Zacks Investment Research

Coinbase

Coinbase is the largest U.S. cryptocurrency exchange. The stock sports the highly-coveted Zacks Rank #1 (Strong Buy), with EPS expectations soaring across the board.


Image Source: Zacks Investment Research

Bottom Line

Crypto has again gripped investors, with the asset class going on a massive run over recent months. The momentum is undeniable, and for those seeking exposure through stocks, both companies above – Robinhood Markets HOOD and Coinbase COIN would provide precisely that.

Both companies stand to benefit in a big way from higher trading volumes, and we’ll likely see this development in their upcoming quarterly results.

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Coinbase Global, Inc. (COIN) : Free Stock Analysis Report

Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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