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-- 119.160 Bull Session | Gen Z & Millennial stocks shift to energy, while tech is still top on favors. What about you?
More and more younger generations have started to join the stock market. Their value and the way they think are gently affecting the market. As Baby Boomer, the largest generation in the US moves into retirement; a massive wealth transfer will happen sooner in the future. According to CNBC, nearly $70 trillion of wealth is expected to transfer from Baby Boomers to younger generations within 25 years.
The Generations Defined:
Younger generations like Gen Z and Millennials will further impact the market as they will become the mainstream in the market. A Millennial report from $Bank of America (BAC.US)$ showed roughly a quarter of millennials are saving $100,000 and more, and 28% of them are investing in the stock market. So, What do younger generations look for in the stock market?
Top picks from Gen Z and Millennials
APEX analyzed holdings of more than 1.3 million Genz accounts and 6.7 million accounts held by Millennials, Gen X, and Baby Boomers. In APEX latest report, Q1 2022 top 5 holdings for Gen Z and Millennials are $Tesla (TSLA.US)$, $Apple (AAPL.US)$, $AMC Entertainment (AMC.US)$, $Amazon (AMZN.US)$, $Microsoft (MSFT.US)$.
Most of their holdings are tech companies, but they also invest based on dividend payout.
Gen Z investors rewarded well-established businesses offering cash payments to shareholders, including Costco Wholesale (up 5 spots to No. 19), Coca-Cola (up 5 to No. 22), AbbVie (up 10 to No. 35) and PepsiCo (up 5 to No. 62)."
-- Apex said in a news release.
Energy stocks move up
Energy stocks are in the hot spot this year. Not surprisingly, Gen Z and Millennials also weight more on energy stocks this year. $Chevron (CVX.US)$ and $Exxon Mobil (XOM.US)$ are in the top 50 for the younger generation, which moves up more than in previous years. While for Baby Boomer, XOM appears on NO. 12. Also, electric-vehicle makers are on the list, such as $NIO Inc (NIO.US)$ and $Lucid Group (LCID.US)$.
So mooers, is the chart fit your choice of stock in your generation? What is your opinion?
Source: APEX, Investor's Business Daily, CNBC, Bank of America
Disclaimer: The content should not be relied on as advice or recommendation.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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hzsakuragi18 : like this article
Liftingmylifeup : I don't believe that generations have different stocks. I'd like to see actual data reflecting the accuracy of this article.
Matty417 : Cool
whqqq : I like Chinese technology stocks. For example, Tencent, the number one in the game industry, and Alibaba, the number one platform for e-commerce. I think they have great potential.