Fundstrat strategist Tom Lee issued updated investment recommendations on Wednesday, Aug. 19. He advised investors to avoid Robinhood Markets (HOOD) shares throughout 2026.
The strategist specifically named the stock as one to steer clear of for the year. Initial reports did not provide a detailed rationale for this cautious stance on the trading platform.
This recommendation contrasts with Lee’s concurrent bullish commentary on the cryptocurrency sector. He maintains a positive outlook for Ethereum despite the warning on Robinhood.