Morgan Stanley is added for its stable wealth management revenue and potential gains from investment banking as dealmaking rebounds, with full pipelines awaiting regulatory approval.
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Tom Lee’s New Portfolio: Why He’s Avoiding Robinhood for 2026
Aug 21, 2026
Tom Lee has updated his core stock ideas, adding JPM and Arista Networks while advising to avoid Robin Hood in 2026. The panel debated Lee's Robin Hood call, with some agreeing with his avoidance due to high valuation and others disagreeing, citing revenue growth and believing the company has matured beyond its crypto correlation.
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Tickers discussed in this post
Interactive Brokers is preferred over Robin Hood due to a breakdown in Robin Hood's momentum.
Robin Hood (HOOD) is a controversial pick, with some panelists disagreeing with Tom Lee's avoidance call, citing strong revenue growth and believing it has matured into a financial services company.
JP Morgan (JPM) is considered best-of-breed financial services, deserving of inclusion on Tom Lee's core stock ideas list.
Arista Networks (ARISTA) is a core holding with accelerating revenue growth, participating in AI networking.