3 Robinhood Stocks to Buy Right Now That Are Better Than Bitcoin

3 Robinhood Stocks to Buy Right Now That Are Better Than Bitcoin

Some investors might have the Bitcoin (CRYPTO:BTC) blues right now. Several of the most popular cryptocurrencies, including Bitcoin, crashed last week after the U.K. moved to block the world’s biggest cryptocurrency exchange from operating in the country.

If you’ve considered buying Bitcoin but are hesitant to do so, there are other investment alternatives that could make you more money over the long run. They rank among the 20 most widely held stocks among Robinhood investors. And they’re all household names. Here are three popular Robinhood stocks to buy right now that are better than Bitcoin.

Apple

Everybody knows Apple (NASDAQ:AAPL). It’s the biggest company in the world based on market cap. It ranks second on the Robinhood top 100 stocks list. If you don’t already own one of Apple’s products, you undoubtedly know plenty of people who do.

None of that necessarily makes Apple a better investment than Bitcoin, of course. However, I’d argue that the underlying factors that make all of those statements about Apple true do make it better than the popular cryptocurrency.

Apple gained its popularity and size by being a consummate innovator and marketer. The company enjoys a solid moat thanks largely to the stickiness of its iPhone-centric ecosystem. But despite its size, Apple still can grow much larger.

Augmented reality devices, foldable iPhones, and even a self-driving car are high on the list of potential new products on the way from Apple. The company also has opportunities in major markets where it doesn’t already dominate, notably including India. I think this Robinhood stock has a very good chance of outperforming Bitcoin over the next decade.

Disney

Few companies are as beloved as Disney (NYSE:DIS) is. That’s not surprising considering that the company has been delighting children and adults alike for nearly a century. Neither is it surprising that Disney is No. 8 on the list of the most popular stocks on Robinhood.

But can the House of Mouse outperform the biggest cryptocurrency in the world? I think so. For one thing, Disney should see its sales jump as COVID-19 concerns ease. Families will return to the company’s theme parks and cruise ships. Audiences will return to movie theaters to watch Disney’s new releases on the way.

Don’t overlook Disney’s opportunities to create new markets, though. We’ve already seen the company do just that with the phenomenal success of its Disney+ streaming service. If there’s a way to monetize its growing content library, you can bet that Disney will find it.

You might view Disney stock as overpriced with shares trading at 36 times expected earnings. However, I agree with my Motley Fool colleague John Ballard that Disney actually looks cheap when you dive into the details of the company’s growth prospects.

Pfizer

Drugmakers usually aren’t as well-liked as a company such as Disney. However, Pfizer (NYSE:PFE) landed at No. 7 on this year’s Axios Harris ranking of the companies with the best reputations, beating out both Apple and Disney. The big pharma stock is also the 16th most popular stock among Robinhood investors.

As you might expect, the key to Pfizer’s favorability is its highly effective COVID-19 vaccine. This vaccine is also one of the top reasons to consider buying the stock. Pfizer and its partner BioNTech should split sales of at least $26 billion from the vaccine this year alone.

To be sure, there’s still some uncertainty about how strong Pfizer’s recurring revenue from the COVID-19 vaccine will be over the long term. But with the emergence of potent new coronavirus variants, the odds that the company will continue to rake in billions of dollars each year seem to be pretty good.

Pfizer has many other products than its COVID-19 vaccine, though. It also has a massive development pipeline with nearly 100 programs in clinical testing. Don’t forget the company’s fantastic dividend, which currently yields close to 4%. This dividend combined with Pfizer’s growth prospects could very well enable the stock’s total return to beat Bitcoin over the next few years – especially if governments continue to crackdown on the cryptocurrency.

Apple Cofounder Steve Wozniak Says Bitcoin Is a ‘Mathematical Miracle’ – Featured Bitcoin News

Apple Cofounder Steve Wozniak Says Bitcoin Is a ‘Mathematical Miracle’

Presenting at the Talent Land Jalisco 2021, Apple cofounder Steve Wozniak called bitcoin an “amazing mathematical miracle.” Wozniak said he’s not a bitcoin investor per se, but “believes in it for the future.”

Steve Wozniak Is Not Necessarily Invested but Still Believes Bitcoin Is an ‘Amazing Mathematical’ Creation

Apple cofounder Steve Wozniak is a fan of bitcoin and he’s mentioned the subject on numerous occasions over the years. Back in August 2018, Wozniak revealed he was participating with a crypto startup and spoke highly about bitcoin.

“It’s so independent,” Wozniak said at the time. “It’s kind of like the internet when it was brand new… I was amazed at the technology behind it,” Wozniak added. Still months before the internet comparison, Wozniak told an audience at the Nordic Business Forum in Sweden that he wasn’t obsessed with bitcoin either.

“I had bitcoin to experiment with and when it shot up high, I said, ‘I don’t want to become one of those people that watches it, watches it and cares about the number,’” Wozniak said at the time.

Speaking at the Talent Land Jalisco 2021 event this week, Wozniak had a similar outlook and highlighted that he doesn’t invest in bitcoin. The event which was 100% in digital format, saw more than two million attendees dedicated to the development of technology, innovation, and entrepreneurship projects.

Despite not investing in bitcoin, Wozniak said that the leading cryptocurrency was still a very profound invention. Wozniak further stated:

Bitcoin is the most amazing mathematical miracle.

Wozniak’s Efforce Crypto Coin and His Failed Battle With Google

Steve Wozniak also has a cryptocurrency that bears his name called WOZX and the crypto asset was developed by the Efforce team and Wozniak. WOZX was developed “as the energy savings token to allow contributors of the Efforce platform to benefit from the energy savings generated by efficiency projects worldwide.”

WOZX currently trades for 0.00002146 BTC or roughly $0.719 per unit at the time of writing. The market cap on Friday is hovering above $82 million and has made some gains in recent times. Two-week stats recorded on Friday at 2:00 p.m. (EDT) show WOZX has gained 43.3% in two weeks and 14.0% in a month’s time.

Last year in July, Steve Wozniak and 17 other victims sued Google and its subsidiary Youtube for allowing crypto scams using his name. However, less than 12 months later, Wozniak failed to win the lawsuit against Youtube and its parent, Google LLC.

What do you think about Apple cofounder Steve Wozniak saying bitcoin is a mathematical miracle? Let us know what you think about this subject in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

If You Invested $1000 in Apple 10 Years Ago, This Is How Much You’d Have Now

How much a stock’s price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.

Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.

What if you’d invested in Apple (AAPL) ten years ago? It may not have been easy to hold on to AAPL for all that time, but if you did, how much would your investment be worth today?

Apple’s Business In-Depth

With that in mind, let’s take a look at Apple’s main business drivers.

Apple’s business primarily runs around its flagship iPhone. However, the Services portfolio that includes revenues from cloud services, App store, Apple Music, AppleCare, Apple Pay, and licensing and other services now became the cash cow.

Moreover, non-iPhone devices like Apple Watch and AirPod gained significant traction. In fact, Apple dominates the Wearables and Hearables markets due to the growing adoption of Watch and AirPods. Solid uptake of Apple Watch also helped Apple strengthen its presence in the personal health monitoring space.

Headquartered in Cupertino, CA, Apple also designs, manufactures and sells iPad, MacBook and HomePod. These devices are powered by software applications including iOS, macOS, watchOS and tvOS operating systems.

Apple’s other services include subscription-based Apple News+, Apple Card, Apple Arcade, new Apple TV app, Apple TV channels and Apple TV+, a new subscription service.

In fiscal 2020, Apple generated $274.52 billion in total revenues. The company’s flagship device iPhone accounted for 50.2% of total revenues. Services, Mac, iPad and Other products category contributed 19.6%, 11.2%, 8.6% and 10.4%, respectively.

Apple primarily reports revenues on a geographic basis, namely the Americas (North & South America), Europe (European countries, India, Middle East and Africa), Greater China (China, Hong Kong & Taiwan), Japan and Rest of Asia Pacific (Australia & other Asian Countries).

In fiscal 2020, Americas, Europe, Greater China, Japan and Rest of Asia-Pacific accounted for 45.4%, 25%, 14.7%, 7.8% and 7.1% of total revenues, respectively.

Apple faces stiff competition from the likes of Samsung, Xiaomi, Oppo, Vivo, Google, Huawei and Motorola in the smartphone market. Lenovo, HP, Dell, Acer and Asus are its primary competitors in the PC market. Other notable competitors are Google & Amazon (smart speakers) and Fitbit & Xiaomi (wearables).

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Bottom Line

Anyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Apple ten years ago, you’re likely feeling pretty good about your investment today.

According to our calculations, a $1000 investment made in July 2011 would be worth $11,149.68, or a gain of 1,014.97%, as of July 9, 2021, and this return excludes dividends but includes price increases.

The S&P 500 rose 221.54% and the price of gold increased 12.25% over the same time frame in comparison.

Looking ahead, analysts are expecting more upside for AAPL.

Apple is benefiting from continued momentum in the Services segment, driven by App Store, Cloud Services, Music, advertising and AppleCare. Apple’s near-term prospects are bright, driven by new iPhones that support 5G, revamped iPad and Mac line-up of devices, healthcare-focused Apple Watch, and an expanding App Store ecosystem. Apple’s ability to attract small developers has been a key catalyst. Moreover, Apple devices continue to gain traction among enterprises. Apple’s focus on user privacy, as reflected by its latest iOS 15, iPadOS 15, macOS Monterey, and watchOS 8 updates, is a game changer. However, Apple refrained from providing any guidance due to uncertainties triggered by the COVID-19 pandemic. Moreover, increasing scrutiny and legal woes over App Store are headwinds. Shares have underperformed the S&P 500 year to date.

Over the past four weeks, shares have rallied 13.58%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2021 compared to none lower. The consensus estimate has moved up as well.

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