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Most Popular Robinhood Stocks: $LYFT $MRO $MFA

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LYFT To Operate SafeRide Program In Manhattan

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LYFT Inc. (NASDAQ:LYFT) is one of the most popular stocks on Robinhood and it has a market capitalization of $9.46 Billion. The company has partnered with the Centre for Student Involvement to operate its SafeRide program. The partnership offers the Manhattan campus students late-night rides within the city limits via the Lyft app between 11 pm and 3 am from Thursday through Saturday nights.

The Dulle International Airport is among the growing number of airports that are facing problems with messy curbside traffic and they are no longer permitting Lyft and Uber services. However, the airport has designated a new pickup are for users of Lyft and Uber at the arrival terminal outside the baggage claim.

Marathon Oil Posts Net Loss Of $750 Million In Q2 2020

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Marathon Oil Corporation (NYSE:MRO) has a market capitalization of $4.24 Billion and is one of the most popular stocks on Robinhood. The company has announced its Q2 2o2o results in which it posted a net loss of $750 million or $0.95 per share. Adjusted net loss in the quarter was $477 million or $0.6 per share and net cash was $9 million. Q2 production was 197,000 net bopd and the company expects total oil production in 2020 to be 190,000 net bopd.

Sales were $272 million with earnings increasing 156.52% but it still reported a loss of $472 million. In the first quarter, the company had revenue of $1.23 billion with reported earnings showing a loss of $184 million.

MFA Financial Announce Q2 2020 Results

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MFA Financial, Inc. (NYSE:MFA) is also another popular Robinhood stock whose market capitalization is $1.27 Billion. The company has announced its Q2 2020 financial results in which it generated a net income of $88.4 million or $0.19 per share. During the quarter the company sold $3.2 billion of residential mortgage assets and realized net gains of $49.5 million. During the quarter the company also announced financing transactions that include a $500 million capital raise.

The company has also declared a dividend of $0.46875 per share and $0.40625 per for the Series B Preferred Stock and Series C Preferred stock respectively form quarter ending September 30, 2020. The dividend will be payable to shareholders that will be in the record as of September 8, 2020.

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