Webull faces a national-security overhang from its China ties. Per CNBC, citing House congressional panel findings, Webull's China ties are a national security risk, and the stock dropped 10%. The core problem is that Webull controls $25B of customer assets and allegedly routes retail data through a mainland development team. The CEO has sold 200k shares since late August, and other insiders have also been selling. x.com  x.com 

Webull's ties to China are a liability, as warned earlier. Per a quoted post, the stock fell nearly 30% after a House panel flagged those ties as a national security risk and raised concerns about US investor data. x.com 

Webull looks bullish into its August 19 earnings, with whales positioned for good results. Its AI push turns the platform into an active decision partner that researches securities, analyzes portfolios and gives personalized real-time guidance. Q1 equity volume more than doubled to $261B, and customer assets rose 90% to $24B on 91% net-deposit growth. Technically it sits on its 20/50 EMA and volume shelf, with a strong chance to retest the 200 EMA and more. x.com 

Webull's historical ties to China make it one to avoid; per another investor's post, its Cayman Islands-incorporated parent has faced scrutiny over those ties. x.com 

Webull still looks too bubbly on valuation compared with other fintechs, even though it is a good broker. x.com 

Webull's strong second-quarter report has triggered another Stage 2 breakout in the stock. Adjusted EPS came in at $0.12 against a $0.03 estimate, and sales of $198.8 million beat the $181.3 million expected. x.com  x.com 

Webull is a pass despite being a decent brokerage at a fairly decent valuation, because its leadership is mediocre. x.com 

Robinhood shows no signs of a near-term recovery. Per The Kobeissi Letter, its stock extended losses to 12% on the day after weaker-than-expected earnings. x.com 

Webull looks cheap against its sales at $9.48. It trades at 3x sales, while software companies usually get 9x. Applying 9x to next year's sales, give or take 12%, gives a fair range of $18.01 to $22.92, leaving the stock 47% under the low end. This is a levels-only read off reported earnings and revenue estimates, with no fundamental work. x.com 

Robinhood's thesis has changed as retail trading volume trends down alongside Bitcoin weakness. Volume fell for two straight months, a US strategic bitcoin reserve now looks off the table as central banks chose gold, and agentic AI tools like Claude could soon deliver great trading experiences. Retail churn from gambling-style trading will further reduce activity, and replacing it is far harder than retaining high-net-worth accounts. x.com  x.com