3 Best Performing Robinhood 100 Stocks for the Quarter

NASDAQ: WKHS | Workhorse Group, Inc. News, Ratings, and Charts

WKHS – The best three performing stocks in the Robinhood 100 for the last quarter are Ideanomics (IDEX), Workhouse (WKHS), and Inovio (INO).

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

As we just ended the second quarter of 2020, now is a great time to evaluate some stocks with the best performance in the last 3 months.  The stocks I’m going to cover are all on the Robinhood Top 100. This list is comprised of the most popular stocks owned by investors that use the Robinhood app. 

Over 100,000 Robinhood investors own each of the three stocks on this list. Their market caps range from $359 Million to $4.4 Billion, while their prices range from $2 a share to $25 a share. All of these stocks have at least returned over 470% this past quarter.

Here are the three best-performing stocks on the Robinhood 100 for the second quarter 2020: 

Ideanomics (IDEX)

IDEX is a global company that facilitates the adoption of commercial electric vehicles and developing next-generation financial services and Fintech products. The company’s electric vehicle division, Mobile Energy Global, provides group purchasing discounts on commercial electric vehicles, EV batteries, and electricity. The company also includes DBOT ATS and Intelligenta, which provide financial services solutions that are powered by AI and blockchain.

The stock was up over 526% for the second quarter. IDEX recently had a huge price gain after it disclosed that its Mobile Energy Global subsidiary had completed the delivery of multiple orders totaling 117 units. The company has also been receiving negative attention due to accusations of fraud. One short-seller, Hindenburg Research, said it sent an investigator to their Mobile Energy Group facility where workers were unfamiliar with IDEX. Also, there was a class-action lawsuit filed against the company Tuesday, alleging that the defendants made materially false or misleading statements.

The company has had several years with negative operating cash flow, negative cumulative earnings over the last 12 months, declining sales growth, and a significant percentage of their shares are being shorted, so be cautious with this stock. 

Workhouse (WKHS)

WKHX designs, develops, manufactures, and sells high-performance, medium-duty trucks. The company’s products include trucks comprising a powertrain and chassis. Their powertrain products include E-GEN and E-100. E-GEN is an electric, transmission-free system, with a gasoline/propane or compressed natural gas engine that works as an auxiliary generator. E-100 is an all-electric, medium-duty truck. 

WKHS has established a business relationship with United Parcel Service (UPS) and the U.S. Postal Service. The company’s business generated $84,000 in sales in the first quarter of this year. 

The stock was up over 477% for Q2 2009. WKHS recently announced a new $70 million financing deal. The deal is for senior secured convertible notes, which should provide the company enough money to meet its 2020 goals. The company expects to produce and deliver 300 to 400 vehicles this year. WKHX was also recently added to the Russell 3000 index. That should help the company as it will be added to many index funds.

WKHS expects 557% sales growth next year, and four out of four analysts consider the company a Strong Buy. The stock is also a Strong Buy in the StockNews.com POWR Ratings. It is ranked #4 out of 26 Auto & Vehicle Manufacturers.

Inovio (INO)

INO focuses on the discovery, development, and commercialization of DNA medicines to treat, cure, and protect people from diseases associated with human papillomavirus (HPV), cancer, and infectious diseases. INO is a top contender for a COVID vaccine. The company came up with a potential solution to the virus using its proprietary technology to analyze the coronavirus’s genetic profile.

The Defense Department signed a $71 million deal with the company to manufacture and scale up its needleless vaccine delivery devices. This is vital to national security. Members of our armed forces have been on the front lines of this pandemic. The company is known for quickly creating potential new DNA vaccines.

INO also announced successful trials of its DNA therapy that treats the deadly brain cancer glioblastoma multiforme. INO has other drugs in clinical trials, including a DNA treatment for HPV-caused cancers and one for prostate cancer. The stock was up over 470% for the quarter. INO has a Strong Buy rating in our POWR Ratings service, and it is ranked #12 out of 336 stocks in the Biotech industry.

Want More Great Investing Ideas?

9 “BUY THE DIP” Growth Stocks for 2020

Is the Bull S#*t Rally FINALLY Over?

7 “Safe-Haven” Dividend Stocks for Turbulent Times

Top 3 Investing Strategies for 2020

WKHS shares were trading at $17.34 per share on Tuesday afternoon, up $2.83 (+19.50%). Year-to-date, WKHS has gained 470.39%, versus a -2.81% rise in the benchmark S&P 500 index during the same period.

About the Author: David Cohne

David Cohne has 20 years of experience as an investment analyst and writer. Prior to StockNews, David spent eleven years as a Consultant providing outsourced investment research and content to financial services companies, hedge funds, and online publications. David enjoys researching and writing about stocks and the markets. He takes a fundamental quantitative approach in evaluating stocks for readers. More...

More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
WKHSGet RatingGet RatingGet Rating
IDEXGet RatingGet RatingGet Rating
INOGet RatingGet RatingGet Rating

Get Free Updates

Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com!

Top Stories on StockNews.com

NASDAQ: MSFT | Microsoft Corporation News, Ratings, and Charts

Microsoft’s Plan to Enter Video Chat Would Spur Rivalry with Facebook

Microsoft is looking like the favorite to acquire all or part of the TikTok video chat service. If this happens it could spark a rivalry with Facebook.
NYSE: IIPR | Innovative Industrial Properties, Inc.  News, Ratings, and Charts

Cannabis Stock Weekly Recap

The cannabis industry was down for the week due to mixed news. Innovative Industrial Properties (IIPR) posted strong earnings, Aurora Cannabis (ACB) was trending downward, and GW Pharmaceuticals (GWPH) posted modest earnings.
NASDAQ: AMZN | Amazon.com, Inc. News, Ratings, and Charts

3 of David Tepper's Largest Holdings

David Tepper is a world renown hedge fund manager. Following top hedge fund managers can lead to fruitful returns. So here are the top holdings in Tepper's Appaloosa portfolio: Amazon.com (AMZN), Alibaba Group Holding (BABA), and Alphabet (GOOGL).
NYSE: SPY | SPDR S&P 500 News, Ratings, and Charts

3 Possible Directions for the Stock Market from Here

Let's have an honest assessment of where the stock market (SPY) stands now. Once in hand it is easier to appreciate these 3 most likely scenarios for stocks and recommended trading strategy to stay one step ahead of the pack.
NYSE: LOW | Lowe's Companies, Inc.  News, Ratings, and Charts

4 Stocks That Bill Ackman Loves

Bill Ackman has been in the news. So far this year, he had a public meltdown on CNBC, turned $26 million into $2.6 billion, and launched a $4 billion blank check SPAC to take a unicorn public. Find out what he loves about four of his largest holdings - Lowe's (LOW), Berkshire Hathaway (BRK.B), Chipotle Mexican Grill (CMG), and Agilent Technologies (A).

Read More Stories

More Workhorse Group, Inc. (WKHS) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All WKHS News