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Most Popular Bullish Robinhood Stocks: $PTON $GOOGL $GM

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Peloton Interactive Sued For Deleting Online Fitness Class Library

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Peloton Interactive Inc. (NYSE:PTON) is owned by many investors on Robinhood and the company's market cap is $19.34 billion. The company faces a suit following the deletion of 57% of its online fitness class library. Peloton is now willing to take statements of the petitioners against it. On July 20, 2020, the Southern District of New York District Court held a proceeding whereby it was indicated that out of all the petitioners on less than 5% were digital.

Recently the announced that they are focusing on a cheaper treadmill which CFO Jill Woodworth said will be up to three times the bike category size. The lower-priced treadmill will be priced less the same as the current bike which starts at $2,245 with the treadmill starting at $4,295.

Alphabet To Acquire 10% Interest in Policybazaar

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Alphabet Inc. Class A (NASDAQ:GOOGL) is also another popular stock on Robinhood that is The company's market capitalization is $1.02 trillion. Google is planning to buy 10% of SoftBank-backed insurance platform Policybazaar as part of its ambition of investing $10 billion in the next 5-7 years in India. The company will invest around $150 million in the Policybazaar. Recently Google invested $4.5 billion in Jio Platforms.

The company indicated that it issued $5.75 billion in sustainability bonds whose proceeds are expected to support investment in both social and environmental initiatives. The bonds were part of the $10 billion bond sale that secured its record low borrowing expenses.

General Motors To Introduce EV Cadillac Lyriq SUV

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General Motors Company (NASDAQ:GM) is also among the popular stocks on Robinhood Its market capitalization is around $38.24 billion. The company has announced that it expects to introduce an electric Cadillac Lyriq SUV. Price, range, and availability are still unclear but considering GM doesn't receive federal credit on EV sales it is expected that the EV Cadillac SUV will be very expensive.

Early this year GM revealed that the will give the Hummer badge a new look under the GMC brand stating that it will be a full battery EV. Last week the company released a video showing details of the specification of the Hummer, release data, and the expected schedule to commence sales.

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