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Welcome to Episode #77 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Ryan McQueeney, a Zacks Editor and also co-host of the weekly Friday Finish Line podcast with Maddy Johnson, and Parth Panchal, a Zacks intern and finance major at Loyola of Chicago, to discuss Millennials and investing.
There’s a myth that Millennials are all broke, living in their parents’ basements, and have so much college debt it prohibits them from doing things, like investing some spare cash in the stock market.
But a host of apps like Robinhood, which makes it nearly free for Millennials to trade, appear to be changing that.
Do Millennials Care About Stocks?
Tracey asked Ryan and Parth, two Millennials who, yes, also have an interest in finance so they are slightly biased, just what they and their friends invest in.
Yes, they are buying stocks. Yes, even the history major, non-finance Millennials are interested. No, they’re not buying ETFs.
They like stocks that are highly volatile and have room to the upside such as the social media stocks or the biotechs.
They also invest in what they know.
As Parth said, “Millennials like to have something in their hands” so that means when they invest, they like to know, and most likely, love, the company they are buying. They are emotional investors.
It’s not surprising, then, that companies that feature prominently in Millennials lives are also among the more popular stocks.
What Are Millennials Buying?
1. The Snapchat IPO (SNAP - Free Report) was big among the younger Millennials. They are the original users of the product so they know it inside and out.
2. Facebook skews older but Millennials grew up using it. They cannot imagine a world without it so they also like the stock.
3. Tesla (TSLA - Free Report) is another popular stock, not because they can afford to buy one of the cars, but because they like to think they can in the future. They like to buy stock in companies they believe in.
4. Alphabet (GOOGL - Free Report) owns one of the most popular brands in the world, YouTube, but Millennial investors aren’t really buying the stock. Why not? Tracey asked Parth and Ryan why Alphabet is left out in the cold.
Where Do Millennials Get Their News?
Millennials have short attention spans. They like to read headlines. But Millennial traders still need to get their financial news somewhere.
Tracey was surprised to find out the top source of financial news for Millennials. You won’t believe it either. Tune in!
What other issues are on the minds of Millennials about stocks and investing?
Find out the answer to this and more on this week’s podcast.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
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Do Millennials Care About Stocks?
Welcome to Episode #77 of the Zacks Market Edge Podcast.
Every week, host and Zacks stock strategist, Tracey Ryniec, will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life.
In this episode, Tracey is joined by Ryan McQueeney, a Zacks Editor and also co-host of the weekly Friday Finish Line podcast with Maddy Johnson, and Parth Panchal, a Zacks intern and finance major at Loyola of Chicago, to discuss Millennials and investing.
There’s a myth that Millennials are all broke, living in their parents’ basements, and have so much college debt it prohibits them from doing things, like investing some spare cash in the stock market.
But a host of apps like Robinhood, which makes it nearly free for Millennials to trade, appear to be changing that.
Do Millennials Care About Stocks?
Tracey asked Ryan and Parth, two Millennials who, yes, also have an interest in finance so they are slightly biased, just what they and their friends invest in.
Yes, they are buying stocks. Yes, even the history major, non-finance Millennials are interested. No, they’re not buying ETFs.
They like stocks that are highly volatile and have room to the upside such as the social media stocks or the biotechs.
They also invest in what they know.
As Parth said, “Millennials like to have something in their hands” so that means when they invest, they like to know, and most likely, love, the company they are buying. They are emotional investors.
It’s not surprising, then, that companies that feature prominently in Millennials lives are also among the more popular stocks.
What Are Millennials Buying?
1. The Snapchat IPO (SNAP - Free Report) was big among the younger Millennials. They are the original users of the product so they know it inside and out.
2. Facebook skews older but Millennials grew up using it. They cannot imagine a world without it so they also like the stock.
3. Tesla (TSLA - Free Report) is another popular stock, not because they can afford to buy one of the cars, but because they like to think they can in the future. They like to buy stock in companies they believe in.
4. Alphabet (GOOGL - Free Report) owns one of the most popular brands in the world, YouTube, but Millennial investors aren’t really buying the stock. Why not? Tracey asked Parth and Ryan why Alphabet is left out in the cold.
Where Do Millennials Get Their News?
Millennials have short attention spans. They like to read headlines. But Millennial traders still need to get their financial news somewhere.
Tracey was surprised to find out the top source of financial news for Millennials. You won’t believe it either. Tune in!
What other issues are on the minds of Millennials about stocks and investing?
Find out the answer to this and more on this week’s podcast.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>