Apex Clearing has released its 2021 fourth-quarter investor outlook report detailing the evolving trends amongst Gen Z investors. While last year saw a boom in the meme stock market with young investors pouring money into companies like GameStop Corp
According to the report which analyzed data from more than 1 million Gen Z accounts, AMC has been replaced by Tesla Inc
On the other hand, electric vehicle manufacturers like Chinese NIO
In the world of evolving technology, Meta Platforms Inc
"There's a lot more interest in metaverse," Chief Executive Officer for Apex, Bill Capuzzi, said in an interview. "As more NFT companies become public, we'll probably see them move in to the top 100."
Another popular sector amongst young investors was digital payment platforms, with Paypal Inc
According to the Apex report, over the next 25 years, roughly $70 trillion in wealth is expected to shift from the Baby Boomers to Millenials and Gen Z. A full list of the 100 most popular investments amongst Gen Z, as well as the changes in those rankings, can be found in the report.
Apex is a fintech platform used by brokers including SoFi, Stash, and Goldman Sachs
