Key Takeaways Robinhood stock slipped after being left out of the benchmark despite high market cap and recent gains. HOOD surged 97% YTD, fueled by product expansion, acquisitions and crypto-related tailwinds. HOOD trades at 55.04X forward P/E, far above the industry average, reflecting lofty investor expectations.Contrary to widespread expectations, Robinhood Markets (HOOD) did not make it to the coveted S&P 500 list. On Friday, S&P Dow Jones Indices announced no changes to the S&P 500 during its quarte ...