Most Popular Robinhood Stocks: $BA $BP $CGC

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Boeing Facing Independent Probe on the Lunar Landing Vehicles Bid

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Boeing Co (NYSE:BA). The company has a market capitalization of $89.01 Billion and is one of the most popular stocks on Robinhood. The company has submitted to an independent probe regarding its ethics and compliance practices as per the agreement signed with US Air Force and NASA. This is part of widening fallout over its bidding behavior to supply lunar lander vehicles. The deal entered un August comes as the company faces a probe where NASA's former chief of human exploration Doug Loverro is investigated about improperly guiding Jim Chilton the Boeing Space chief in the bidding process.

The company is in discussion with the FAA about the structural issue of Dreamliner. The latest issue comes just three days following reports of production issues for the jet.

British Petroleum Forays Into Offshore Wind Market Through Partnership With Equinor

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Another popular stock on Robinhood is British Petroleum (NYSE:BP) whose market capitalization is $66.71 Billion. The company has made a move into the offshore wind market through a partnership with Norway's Equinor that will see it develop wind farms in the US. Under the deal, the petroleum giant will spend around $1.1 billion for a 50% stake in Equinor's Beacon Wind and Empire Wind Assets in New York and Massachusetts respectively.

Despite its move to rebalance its portfolio globally as its shifts into renewables, the company has said that it will not scale down gas and oil operations in Azerbaijan. BP has the responsibility of exploring and developing the major oil and gas resources of Azerbaijan and is committed to that.

Canopy Growth Launch CBD Derivative Products

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Canopy Growth Corporation (NYSE:CGC) is also among the most popular Robinhood stocks and it has a market capitalization of $6.01 Billion. The company has launched its line of hemp-derived CBD gummies, oil drops, and soft gels under the Martha Stewart name. The launch is part of the partnership the cannabis operator entered in 2019 with the better living leader before it started scaling back operations. Canopy is planning to launch the products despite the uncertainty about selling CBD products in the US.

The company is expanding its presence in Alberta with the opening of 10 new retail stores in the province under the Tweed and Tokyo Smoke banners.

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