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Zacks Market Edge Highlights: Robinhood, PayPal, Block, Apple and Chewy
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For Immediate Release
Chicago, IL – February 16, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2054866/genz-and-the-future-of-investing)
GenZ and the Future on Investing
Welcome to Episode #348 of the Zacks Market Edge Podcast.
(0:30) - Can We Learn From Generation Z's Investing Strategies?
(3:45) - Gen Z And Retirement: How Are They Investing?
(10:30) - The Growth of Financial Advice From Social Media
(14:55) - How Important Are Dividend Stocks For Generation Z?
(19:10) - Travel, Cannabis and Meme Stocks: Is There Any Interest?
(23:30) - Did The 2022 Sell-Off Scare Off Some Younger Investors?
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.
This week, Tracey is joined by Zacks Associate Stock Strategist, and GenZ'er, Derek Lewis, to talk about GenZ as investors.
They came of age with Robinhood already an app on their iPhones and have paid for things with PayPal and Block payment systems since they were in junior high. Are they going to buy the technology stocks they know? Are they buying stocks at all?
Recent studies are showing that GenZ is aggressively saving for retirement even though the oldest is just 25 or 26 years old. A Blackrock study showed that GenZ is saving 14% of their income for retirement, which is above that being saved by older generations of Millennials, GenX or Baby Boomers.
Could GenZ become the first truly powerhouse investing generation?
Robinhood is just another tool for GenZ investors. The company makes it easy to sign up with virtually no money at stake. But now it has rolled out IRA accounts so it's not just for day trading anymore.
But just because GenZ is using Robinhood, that doesn't mean they're buying the stock.
Shares of Robinhood are down 24% over the last year as growth stocks sold off. It's expected to lose $0.68 per share this year.
Are GenZ investors going to keep using the Robinhood app but avoid the Robinhood stock?
Studies have shown GenZ investors like buying stocks that are in the financial services industry and that includes companies like PayPal.
PayPal shares have fallen 31% over the last year but are now attractively valued. PayPal trades with a forward P/E of just 16. Earnings are expected to rise 15% in 2023 as well.
Should GenZ investors be buying PayPal after this sell-off?
GenZ is the first generation that has only known smartphones, including Apple's iPhone, even while in grade school. Even the oldest GenZers were about 10 when the iPhone was introduced.
Is GenZ loyal to Apple as a result? Derek talks about what it's like growing up in the world of Apple and Apple apps.
If GenZ bought Apple shares 2 years ago, they'd be up 13%, and that doesn't include the dividends.
Will GenZ buy what they know? Derek talks about his GenZ friends using Chewy to order for their pets.
Shares of Chewy are down 59% over the last 2 years but still trade with a forward P/E of 378. Why so expensive? Chewy is expected to lose $0.03 in 2022 but make just $0.12 in 2023 but the shares are trading above $47.
Are companies like Chewy still on GenZ's short lists?
What Else do you Need to Know About GenZ Investors?
Listen to this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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Zacks Market Edge Highlights: Robinhood, PayPal, Block, Apple and Chewy
For Immediate Release
Chicago, IL – February 16, 2023 – Zacks Market Edge is a podcast hosted weekly by Zacks Stock Strategist Tracey Ryniec. Every week, Tracey will be joined by guests to discuss the hottest investing topics in stocks, bonds and ETFs and how it impacts your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2054866/genz-and-the-future-of-investing)
GenZ and the Future on Investing
Welcome to Episode #348 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.
This week, Tracey is joined by Zacks Associate Stock Strategist, and GenZ'er, Derek Lewis, to talk about GenZ as investors.
They came of age with Robinhood already an app on their iPhones and have paid for things with PayPal and Block payment systems since they were in junior high. Are they going to buy the technology stocks they know? Are they buying stocks at all?
Recent studies are showing that GenZ is aggressively saving for retirement even though the oldest is just 25 or 26 years old. A Blackrock study showed that GenZ is saving 14% of their income for retirement, which is above that being saved by older generations of Millennials, GenX or Baby Boomers.
Could GenZ become the first truly powerhouse investing generation?
Is GenZ the Future of Investing?
1. Robinhood (HOOD - Free Report)
Robinhood is just another tool for GenZ investors. The company makes it easy to sign up with virtually no money at stake. But now it has rolled out IRA accounts so it's not just for day trading anymore.
But just because GenZ is using Robinhood, that doesn't mean they're buying the stock.
Shares of Robinhood are down 24% over the last year as growth stocks sold off. It's expected to lose $0.68 per share this year.
Are GenZ investors going to keep using the Robinhood app but avoid the Robinhood stock?
2. PayPal (PYPL - Free Report)
Studies have shown GenZ investors like buying stocks that are in the financial services industry and that includes companies like PayPal.
PayPal shares have fallen 31% over the last year but are now attractively valued. PayPal trades with a forward P/E of just 16. Earnings are expected to rise 15% in 2023 as well.
Should GenZ investors be buying PayPal after this sell-off?
3. Block, Inc. (SQ - Free Report)
GenZ has come of age with all of the innovations in payments like Block already in place.
Shares of Block have fallen 29% over the last year. Is it a deal? Block's earnings are expected to fall 38% in 2022 but rebound 61% in 2023.
But Block has a sky-high forward P/E of 45.
Is Block high on the short list for GenZ investors?
4. Apple (AAPL - Free Report)
GenZ is the first generation that has only known smartphones, including Apple's iPhone, even while in grade school. Even the oldest GenZers were about 10 when the iPhone was introduced.
Is GenZ loyal to Apple as a result? Derek talks about what it's like growing up in the world of Apple and Apple apps.
If GenZ bought Apple shares 2 years ago, they'd be up 13%, and that doesn't include the dividends.
Is Apple a must-own stock for GenZ investors?
5. Chewy, Inc. (CHWY - Free Report)
Will GenZ buy what they know? Derek talks about his GenZ friends using Chewy to order for their pets.
Shares of Chewy are down 59% over the last 2 years but still trade with a forward P/E of 378. Why so expensive? Chewy is expected to lose $0.03 in 2022 but make just $0.12 in 2023 but the shares are trading above $47.
Are companies like Chewy still on GenZ's short lists?
What Else do you Need to Know About GenZ Investors?
Listen to this week's podcast to find out.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.