Gen Z investors shift focus from 'meme-stocks' to the 'metaverse,' report shows

15/1/2022 2:04:00 PM

Meme, Stocks And Shares

Gen Z investors shift focus from 'meme-stocks' to the 'metaverse,' report shows

Reuters fileNEW YORK - Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday.

The top stock holding among the Gen Z cohort - people born after 1996 - in the fourth quarter was Tesla Inc, according to the quarterly investor outlook from Apex Fintech Solutions, which provides custody and clearing services for brokers like SoFi, Stash, WeBull, and Goldman Sachs Group's Marcus.

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Reuters file NEW YORK - Enthusiasm around "meme stocks" has eased for young investors a year on from the GameStop Corp trading frenzy, with Gen Z's attention shifting to companies in areas like electric vehicles and the "metaverse," according to a report released on Friday. The top stock holding among the Gen Z cohort - people born after 1996 - in the fourth quarter was Tesla Inc, according to the quarterly investor outlook from Apex Fintech Solutions, which provides custody and clearing services for brokers like SoFi, Stash, WeBull, and Goldman Sachs Group's Marcus.61 billion euros (US$2. AMC Entertainment slipped from the No. Years of stagnant prices and wages have made Japan Inc nervous about charging more for fear of alienating shoppers and losing market share. 1 spot in the top 100 ranking of stocks for the first time in several quarters, to No. 31, the company reported in a preliminary earnings statement on Thursday. 3, said the report, which analyzed more than 1 million Gen Z accounts held by Apex's clearing arm. Moderna's Omicron-specific booster shot could enter into human trials within weeks, he said, reiterating comments Chief Executive Officer Stephane Bancel made earlier this week.

GameStop, which retail investors piled in to last January in a social media-fueled attempt to punish short sellers, dropped five spots to No.8731 euros) (Reporting by Radhika Anilkumar in Bengaluru; Editing by Chris Reese) Source: Reuters. The currency recently hit its weakest in five years against the dollar. 11, the report showed. Meme stocks with less mainstream buzz fell more, with e-commerce platform Wish's owner, ContextLogic, down 35 spots at No. 56 and biopharmaceutical company Ocugen Inc dropping 41 spots to No. Still, Okazaki noted that hiking prices was not an easy issue, especially for a company that competes on price. 91.3 per cent in pre-market trading in New York.

Electric vehicle startup Rivian Automotive Inc, which went public in November, debuted at No. 44, while Chinese EV maker NIO held the No.6 per cent to 119. 8 spot and Ford Motor Co was No. 19. [[nid:551145]] Shares of Facebook parent Meta Platforms Inc rose a couple of notches to No. That beat the market's consensus of 102.5 billion, including booster shots.

12, while Roblox rose 36 spots to No. 36. "There's a lot more interest in metaverse," Apex Chief Executive Officer Bill Capuzzi said in an interview.4 per cent to 270 billion yen in the fiscal year ending in August. "As more NFT companies become public, we'll probably see them move in to the top 100." The metaverse generally refers to shared virtual world environments which people can access via the internet, often making use of virtual reality or augmented reality.

Payment companies were also popular with young investors, with Paypal Inc jumping 9 spots from the third quarter to No. [[nid:492736]] The results marked a reversal from the past few years when China and Japan were the big sales and profit growth drivers. 19, while Block, formerly called Square, was steady at No. 25. ALSO READ: If you don’t like our faces, listen to our fortnightly podcast E-Junkies where we lepak one corner with famous people # . But it also flagged the risk of continued production and logistic delays that have plagued major clothing groups Fast Retailing's shares have fallen 9.