Robinhood Markets (NASDAQ:HOOD | HOOD Price Prediction) stock is down 4% to $102 in Friday’s midday session, while Webull (NASDAQ:BULL) shares have slid 6% to approximately $7. Retail-brokerage names are getting hit as the tape turns risk-off.
The move across Robinhood and Webull is broad-based across retail brokerages. A thorough news check turned up no fresh headlines from either brokerage this morning, which frames today’s action as profit-taking after recent gains.
The NASDAQ 100 is down 1.16% intraday, and Bitcoin (CRYPTO:BTC) is down 2% over the past 24 hours to $63,208. Both are direct pressure points for high-beta brokerage stocks with meaningful crypto-trading exposure.
Risk-Off Session Drives the Selloff
Robinhood and Webull aren’t NASDAQ 100 members, but they trade like leveraged proxies for it. When large-cap tech softens, high-beta fintech tends to amplify the move, and today is textbook.
The cryptocurrency angle matters here. Robinhood’s Q1 2026 crypto trading revenue fell 47% year over year to $134 million, and the company is still sensitive to token price swings. Webull relaunched U.S. crypto trading through its Webull Pay acquisition, so it carries similar exposure at a smaller scale.
Both HOOD stock and BULL stock had also run up sharply heading into this week. Robinhood shares gained 10% over the past month through July 16, and Webull shares climbed 12% over the same span. Some of today’s air-letting is simply profit-taking.
QQQ as the Broad-Market Read
The Invesco QQQ Trust (NASDAQ:QQQ) a clean NASDAQ 100 proxy for the day’s tone. The ETF is down about 1% intraday, and off 3% over the past month.
The QQQ ETF is a large-cap, tech-heavy fund and is not leveraged. Robinhood shares and Webull shares are swinging several times harder than the index today, which is what happens when high-beta names meet a broad de-risking bid.
QQQ still sits on solid year-to-date and one-year gains, up 14% year to date. That backdrop is why traders are treating today as a pullback rather than a break.
Robinhood: Bull vs. Bear Cases
The bull case for Robinhood is intact. Robinhood’s trailing-twelve-month EPS of $2.06 shows real profitability, and Q1 2026 transaction-based revenue rose 7% year over year to $623 million, with options, equities, and event contracts all contributing. The company’s net interest revenue grew 24% to $359 million, and Robinhood Gold subscribers hit a record 4.3 million.
The bear case involves valuation and volatility. Robinhood stock trades at a trailing price-to-earnings ratio of 49x, which leaves little cushion when high-beta names get sold. Crypto revenue remains a swing factor, and Robinhood’s 2026 operating expense guidance was raised to $2.7 billion to $2.83 billion to fund the Trump Accounts build-out.
Robinhood stock is down 11% year to date. Given the beta profile, position sizing matters with HOOD stock. Investors who like the Robinhood story can consider staying modest here and letting volatility do some of the entry work.
Webull: Smaller, Unprofitable, More Volatile
Webull is a different risk profile. The company’s Q1 2026 revenue rose 36% year over year to $159.93 million, but it posted a GAAP net loss of $21.72 million as marketing and branding expense more than doubled to $49.41 million.
Webull’s operational metrics are strong. Equity notional volume doubled 104% to $261 billion, daily average revenue trades (DARTs) reached 1.3 million, and customer assets climbed 90% to $24 billion. The FINRA pattern day trader (PDT) rule change on June 4, 2026 is expected to boost active-trader activity.
Still, with trailing EPS of negative $1.25 and a market cap of $3.14 billion, Webull stock swings hard on sentiment. Community chatter is split between dip-buyers and cautious traders.
What to Watch Now
The closing tape matters with HOOD and BULL. If QQQ recovers into the end of today’s trading session, Robinhood shares and Webull shares will likely bounce harder than the index because of their beta.
Watch for whether Bitcoin can stabilize above $63,000 into the weekend, since the crypto tape is doing real work on retail-brokerage sentiment right now. Both HOOD stock and BULL stock have next-earnings prints as their next scheduled catalyst, and until then, the sector may keep taking cues from the broad market.
The read here: today looks like a routine risk-off pullback rather than a fundamental crack. Given the volatility profile, sizing beats timing.
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