What stocks are millennials buying?
Financials are the second-most common sector of stock held by younger generations. Energy, healthcare, real estate, and utilities are also somewhat popular across generations, although millennials are more inclined to invest in healthcare and real estate stocks than other generations.
Gen Z is the newest generation of investors to enter the stock market. As the most tech- savvy generation yet, Gen Z investors are taking advantage of the many new ways to invest in the stock market.
| Stock | Market Capitalization | Sector |
|---|---|---|
| Colgate-Palmolive Co. (CL) | $73 billion | Consumer staples |
| Sysco Corp. (SYY) | $41 billion | Consumer staples |
| Coca-Cola Co. (KO) | $261 billion | Consumer staples |
| S&P Global Inc. (SPGI) | $134 billion | Financials |
As digital natives, Generation Z investors are comfortable with online investment platforms and mobile apps. They value simplicity, transparency and user-friendly interfaces. Innovation drives Generation Z investment preferences, with a keen interest in emerging technologies, disruptive industries and cryptocurrency.
- Bajaj Finance Ltd. ...
- Titan Company Ltd. ...
- Varun Beverages Ltd. ...
- Cholamandalam Investment & Finance Company Ltd. ...
- Tube Investments of India Ltd. ...
- SRF Ltd. ...
- Solar Industries India Ltd. ...
- Persistent Systems Ltd.
For Gen Z, millennials and Gen X investors, the top stocks they are holding are the same seven companies: Tesla, Apple, Amazon, Microsoft, Nvidia, Alphabet (Google) and Meta (Facebook).
Gen Z spending habits show they care the most about fashion, makeup and beauty products, technology, and their pets. This is perhaps due to their young age and few major bills.
| S.No. | Company | Industry/Sector |
|---|---|---|
| 1. | Tata Consultancy Services Ltd | IT - Software |
| 2. | Infosys Ltd | IT - Software |
| 3. | Hindustan Unilever Ltd | FMCG |
| 4. | Reliance Industries Ltd | Refineries |
- Initial Share Price: $1.51.
- Lowest Price: $1.31.
- Peak Price: $3,773.08.
- Stock Returns Increase from Low to High: 287,472.76%
- Highest Day Return 1st September 1998: 33.27%
The highest analyst price target is $230.00 ,the lowest forecast is $175.00. The average price target represents 13.33% Increase from the current price of $185.07. Amazon's analyst rating consensus is a Strong Buy. This is based on the ratings of 41 Wall Streets Analysts.
What are wealthy millennials investing in?
Where Are Young, Wealthy Investors Putting Their Money Now? The Bank of America survey found that 80% of young investors are now looking to alternative investments, such as private equity, commodities, real estate and other tangible assets.
Technology is the most popular sector of investment for Gen Z, millennials, and Gen X, but millennial respondents in particular have a keen interest in tech stocks, with 53% of respondents in that generation saying they own stocks in the tech sector compared to roughly 35% of each of the other generations.
Gen Z Stocks: Tesla (TSLA)
Gen Z might not love personal vehicles, but they love Tesla (NASDAQ:TSLA) stock. Tesla is consistently a name the generation points to when discussing investment potential, likely an outcome of the stock's meteoric rise and general resiliency in recent years.
- SoundHound AI and Sweetgreen are up 174% and 116% so far in 2024.
- SoundHouse AI is seeing its platform for conversational intelligence explode in popularity.
- Sweetgreen has quadrupled over the past year, but it's still a broken IPO with potential to harvest.
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Guj. Themis Bio. | 377.15 |
| 2. | Refex Industries | 143.85 |
| 3. | Tanla Platforms | 927.20 |
| 4. | M K Exim India | 79.12 |
| S.No. | Name | CMP Rs. |
|---|---|---|
| 1. | Remedium Life | 119.95 |
| 2. | Cons. Finvest | 249.60 |
| 3. | Castrol India | 209.15 |
| 4. | Accelya Solution | 1894.90 |
| Company | Ticker symbol |
|---|---|
| Delta Air Lines | DAL |
| Thermo Fisher Scientific | TMO |
| Discover Financial Services | DFS |
| Pfizer | PFE |
Berkshire stock is still a long-term buy for this reason. There's no doubt that right now isn't the best time in history to buy Berkshire stock. But as we'll see, that doesn't mean shares aren't a buy. Over the last decade, Berkshire's price-to-book ratio has risen by roughly 15%.
| Type of spending | Percentage |
|---|---|
| Household bills and expenses | 52.34% |
| Clothes and accessories | 44.07% |
| Going out/entertainment | 37.49% |
| Food delivery/eating out | 36.99% |
What do millennials spend their money on?
Fashion aside, well-off millennials are also spending on smaller luxuries, such as high-end bedding, flight upgrades on vacations, and nicer hotels — or something as small as fancier soap.
One of the primary factors driving Millennial collecting is to invoke feelings of nostalgia and positive childhood memories. This motivation means coins popular in the 90s and early 2000s such as 50 State Quarters, Gold Sacagawea Dollars, and Olympic Games coins, are of particular interest.
| Company | Industry |
|---|---|
| HDFC Bank | Banking |
| Reliance Industries | Conglomerate |
| Bajaj Finance | Financial Services |
| Larsen & Toubro | Engineering and Construction |
| Company (Ticker) | Forward P/E Ratio |
|---|---|
| Trex (TREX) | 37.2 |
| Union Pacific (UNP) | 19.2 |
| Fidelity National Information Services (FIS) | 13.8 |
| Humana (HUM) | 12.2 |
Sure, some penny stocks turned out to be massive success stories, like Apple, Ford Motor, and Monster Beverage. Find a similar success story like those top penny stocks, and you stand to make a fortune. However, you have to be willing to do the research to find them in a sea of duds.
