Robinhood Users Defy Smart Money on Tech and Win: Taking Stock

Going against the smart money flow has been a winning strategy for Robinhood traders, at least when it comes to big tech.

Retail traders kept boosting their positions in technology megacaps, even as professional stock pickers trimmed exposure in the days before the start of an earnings season that could have halted the group’s rally. Yet embracing the uncertainty paid off: quarterly figures from Apple Inc., Amazon.com Inc., Facebook Inc. and Alphabet Inc. largely blew past expectations, showing the group has been thriving despite the the broader economy collapse.