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Aug. 12, 2020, 8:49 a.m. EDT

Most Popular Robinhood Stocks: $KOS $LYFT $MFA

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Kosmos Energy Finishes Quarter With Over $600 Million In Total Liquidity

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Kosmos Energy Ltd (NYS:KOS) . The company has a market capitalization of $693.25 million and is one of the most popular stocks on Robinhood

2Q 2020
Net Loss $95 million
Revenues $127 million
Capital expenditure $66 million

Kosmos Energy had more than $600 million in total liquidity as of the end of the second quarter. This is after the company added an additional source of liquidity after signing a prepayment agreement. The company has reached a free cash flow inflection point thanks to impressive oil prices. Kosmos says it will leverage the good pricing to generate positive cash flow in the second half of 2020 and through 2021.

The company noted that despite the COVID-19 pandemic, they have continued to perform well in Mauritania & Senegal. Kosmos has completed 40% of Phase 1 of the Tortue project.

The company signed Production Prepayment Agreement with Trafigura Trading LLC ("Trafigura") to sale up to $200 million of crude oil. The company finished the quarter with around $614 million of liquidity and $2.0 billion of net debt.

Lyft Continues To Diversify Its Product Offerings

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LYFT Inc (NAS:LYFT) . The company has a market capitalization of $9.40 billion and is one of the most popular stocks on Robinhood

Lyft has continued to diversify and broaden its product line from the core ride-hailing business to scooters, bikes, transit, and recently rental cars. The company piloted its Lyft Rentals in December and intends to expand it through a partnership with Sixt. The transport company initially introduced the car rental service in Los Angeles and San Francisco where it owns and operates a fleet of renal cars. Car rental is offered through the company's app.

In the new partnership, Lyft wants to shift its car rental business to Sixt, one of the leading global rental car company boasting over 70 locations in the U.S. Through the partnership, the car rental business will be expanded to Seatle, Miami, and Las Vegas.

MFA Financial Reports $88.4 Million In Net Income In The 2Q 2020

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MFA Financial, Inc. (NYS:MFA) . The company has a market capitalization of $1.35 billion and is one of the most popular stocks on Robinhood.

MFA Financial reported $88.4 million in Net Income during the 2Q 2020. The company sold around $3.2 billion of residential mortgage assets and reported $49.5 million in net gains. The company recently finalized a number of financing agreements among them a $500 million in capital raised through a private senior secured loan agreement. In addition, MFA secured around $2 billion worthy of non-mark-to-market term borrowing facilities.

At the close of the quarter GAAP book value was $4.51 per common share.

The company has declared a cash dividend of $0.05 per share of common stock.

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