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6 Top Stock Options for Millennials Right Now

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Millennials is the term generally applicable to individuals who reached adulthood around the turn of the 21st century. This generation makes up around 25% of the U.S. population.

The new guidelines per Pew Research Center define the birth years for millennials to range between 1981 and 1996. The oldest members being 37 years old and the youngest just 22, millennials are highly susceptible to economic downturn. In fact, this generation has been adversely affected by the great recession and the social damage caused by it.

Millennials believe that they have a long way to go before they reach retirement. Notably, when it comes to investment, millennials do exhibit some specific characteristics. With age on their side, they have a long-time horizon for investment. This allows them to take risks and focus more on capital appreciation rather than dividend income. They like stocks that have potential for upside in the long haul.

Few Projections

According to Pew Research Center, millennial population is anticipated to top in 2036 at 76.2 million on the back of immigration which adds more numbers to this group. By 2050, millennials are projected to be around 74.3 million.

Per the U.S. Census Bureau, Millennials are expected to surpass Baby Boomers as the nation’s largest living adult generation in 2019.

Gone are those days when millennials were considered dependent on parents and unlikely to have surplus cash to invest in the stock market. This demography is a significant part of the U.S. population and their stock purchase behavior has considerable impact on the market.

Their attention and involvement are expected to increase in the years to come.

Choosing the Stocks

It is difficult to pick the right stocks from a wide range of available investment opportunities.

Therefore, with the help of our Style Score System and Zacks Stock Screener, we have identified six stocks with excellent growth potential and a favorable Zacks Rank.

Our Growth Style Score condenses all the essential metrics from the company’s financial statements to achieve a true sense of quality and sustainability of its growth. Our research shows that stocks with Growth Style Scores of A or B when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy) offer the best investment opportunities in the growth investing space. You can see the complete list of today’s Zacks #1 Rank stocks here.

6 Picks

Provider of home health and hospice services, Amedisys, Inc. (AMED - Free Report) has a Zacks Rank #1 and Growth Score of A. The stock has returned a whopping 133.3% on a year-to-date basis. Further, the company has a long-term expected earnings per share (EPS) growth rate of 18.6%.

Annual estimates for Amedisys have also moved north over the past 60 days, reflecting optimism on the stock. Over this period, the Zacks Consensus Estimate for 2018 and 2019 for the company has increased by around 9% and 9.1%, respectively.

Amedisys, Inc. Price and Consensus

 

Amedisys, Inc. Price and Consensus | Amedisys, Inc. Quote

E-commerce pioneer, Amazon.com, Inc. (AMZN - Free Report) has a Zacks Rank #1 and Growth Score of A. The stock has returned a massive 70.9% on a year-to-date basis. Further, the company has a long-term expected EPS growth rate of 26.5%.

The estimates for both 2018 and 2019 for the company have also increased by around 38.8% and 27.4%, respectively, over the last 60 days.

Amazon.com, Inc. Price and Consensus

 

Amazon.com, Inc. Price and Consensus | Amazon.com, Inc. Quote

Headquartered in Fort Smith, AR, ArcBest Corporation (ARCB - Free Report) is another attractive choice with a Zacks Rank #1 and Growth Score of A. The stock has returned 35.5% on a year-to-date basis. It also has a long-term expected EPS growth rate of 40.2%.

The estimates for both 2018 and 2019 for the company have also increased by around 8.4% and 9.6%, respectively, over the last 60 days.

ArcBest Corporation Price and Consensus

 

ArcBest Corporation Price and Consensus | ArcBest Corporation Quote

Manufacturer of gypsum wallboard, joint compound and complementary finishing, Continental Building Products, Inc. (CBPX - Free Report) has a Zacks Rank #1 and Growth Score of B. The stock has returned 32.2% on a year-to-date basis.

The stock also has a long-term expected EPS growth rate of 30%.The estimates for both 2018 and 2019 for the company have also increased by around 11.7% and 9.4%, respectively, over the last 60 days.

Apple Inc. (AAPL - Free Report) , the iPhone maker,has a Zacks Rank #2 and Growth Score of B. The stock has returned 31.8% on a year-to-date basis. Further, the company has a long-term expected EPS growth rate of 11%.

The estimates for both 2018 and 2019 for the company have also increased by around 2.5% and 2.9%, respectively, over the last 60 days.

Apple Inc. Price and Consensus

 

Apple Inc. Price and Consensus | Apple Inc. Quote

Provider oftechnology-based outsourcing solutions, Broadridge Financial Solutions, Inc. (BR - Free Report) has a Zacks Rank #2 and Growth Score of A. The stock has returned 49.4% year-to-date basis. Further, the company has a long-term expected earnings per share (EPS) growth rate of 10%.

The estimates for both 2019 and 2020 for the company have also increased by around 3.1% and 4.4%, respectively, over the last 60 days.

Best Electric Car Stock? You'll Never Guess It.

Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!

Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.

See Zacks Best EV Stock Free >>



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