GOOG, COIN and HOOD Show Strong Bullish Trends

Travis Hoium
12-05

1. $Alphabet(GOOG)$ $Alphabet(GOOGL)$

This growth chart isn't exciting, but growing revenue double-digits at this scale is extremely impressive.

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2. $Coinbase Global, Inc.(COIN)$

USDC market cap is up over $5 billion in the past month.

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3. $Robinhood(HOOD)$

Robinhood's HOOD Incredible Momentum Continues

Robinhood held its first Investor Day today and released some November data early. Just astounding growth. This is from the filing:

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Assets Under Custody grew to more than $190 billion (up over 15% from October 2024, up over 100% year-over-year), driven in part by customer Net Deposits of over $5 billion in November. Over the last twelve months through November, Net Deposits have totaled more than $47 billion.

In November, Equity Notional Trading Volumes were over $145 billion (up over 15% from October 2024, up over 170% year-over-year), Options Contracts Traded were over 150 million (down less than 5% from October 2024, up over 50% year-over-year), and Crypto Notional Trading

Volumes were over $30 billion (up over 400% from October 2024, up over 600% year-over-year).

I'll also be looking at Robinhood Gold's numbers, which will drive the ongoing fee revenue that I think differentiated Robinhood long-term.

I'll also note that this isn't just YOLO trading like in 2021. Retirement AUC is up 9x in the past year and AUC per account is rising rapidly. The bottom line, Robinhood is hitting on all cylinders.

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