We recently published a list of 10 Firms Kick Off Monday Leading Gains. In this article, we are going to take a look at where Robinhood Markets, Inc. (NASDAQ:HOOD) stands against other firms that kick off Monday leading gains.

The stock market kicked off the week’s trading on a positive note, with all main indices finishing in the green territory, as economies took a pause from their tariff war, while investors breathed a sigh of relief on the February retail sales report which didn’t come worse.

According to the latest figures, retail sales rose 0.2 percent, albeit below the 0.6 percent as expected by analysts. Excluding autos, sales are up by 0.3 percent, in line with economists’ expectations.

Following the news, the Dow Jones clocked in a 0.85-percent gain, followed by the S&P 500 with 0.64 percent, and the tech-heavy Nasdaq with 0.31 percent.

Meanwhile, 10 companies that led the rally posted modest gains as fresh company developments sparked investor buying. In this article, we have listed Monday’s 10 top performers and detailed the reasons behind their gains.

To come up with the list, we considered only the stocks with $2 billion market capitalization and $5 million in trading volume.

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Robinhood Markets, Inc. (NASDAQ:HOOD)

Robinhood Markets, Inc. (NASDAQ:HOOD) grew its share prices by 7.08 percent on Monday to close at $42.02 apiece as investors took heart from news that it was officially making a foray into the betting markets platform.

In a statement, Robinhood Markets (NASDAQ:HOOD) said it would integrate the predictions market hub into its application which will allow investors to trade on the outcomes of some of the world’s biggest events.

At launch, the hub will allow customers to trade contracts for what the upper bound of the target fed funds rate will be in May, as well as the upcoming men’s and women’s College Basketball Tournaments.

“We believe in the power of prediction markets and think they play an important role at the intersection of news, economics, politics, sports, and culture,” said HOOD Vice President and General Manager for Futures and International JB Mackenzie.

The prediction markets hub and corresponding contracts will initially be available across the US through KalshiEX LLC, a CFTC-regulated exchange.

Overall, HOOD ranks 10th on our list of firms that kick off Monday leading gains. While we acknowledge the potential of HOOD as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as HOOD but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.