DALLAS, April 13, 2023–(BUSINESS WIRE)–Apex Fintech Solutions (“Apex”), the “fintech for fintechs” powering innovation and the future of digital wealth management, today released its Q1 2022 Apex Next Investor Outlook. The report, which analyzes proprietary data of US-based investors on the Apex Clearing platform, sheds light on the top 100 stocks held by younger investors, with a special focus on the rising Gen Z demographic. The report also examines which stocks fell in the rankings alongside behavior parallels and comparisons to older generations.
Volatile market conditions in a rising interest rates environment coupled with the devastating war in Ukraine likely caused retail investors to shift their focus away from high growth and meme stocks to dividend paying companies and energy shares in the first quarter, as reflected in Apex’s Q1 2022 Next Investor Outlook data. Investments in energy stocks such as Chevron and Exxon Mobil soared in Q1 as crude oil prices hit multi-year highs. While stable, income-generating, dividend payers including Costco and AbbVie also gained popularity, interest in growth stocks such as Rivian and Roblox significantly decreased. Consistent with the third and fourth quarters of 2021, the stocks held within the Gen Z top 10 included Tesla, Apple, Amazon, and Microsoft.
Looking ahead, throughout the first quarter, more than 460,000 new crypto-enabled accounts were created across Apex client’s platforms. Of the 8 million US-based accounts analyzed overall, nearly 4.5 million are crypto-enabled, reflecting the rapid rise in cryptocurrency adoption as investors across generations increasingly shifted towards a “buy” versus “sell” tendency. Moreover, younger investors with crypto-enabled trading accounts tended to diversify their portfolios with the inclusion of mainstream stocks and smaller, unique industry bets, including AMC, Disney and Genworth Financial.
“Over the next 25 years, nearly $70 trillion of wealth is expected to transfer from Baby Boomers to younger generations, including Millennials and Gen Z. This imminent generational wealth transfer has already begun fueling major implications for how, when, and why financial services are consumed today and in the future,” said Bill Capuzzi, Chief Executive Officer of Apex. “As market dynamics continue to shift, Apex is proud to support the interests of retail investors as they further propel innovation in digital wealth management to new heights.”
The Apex Next Investor Outlook includes an analysis of the top 100 stocks owned by millions of investors on the Apex platform. The Q1 2022 report analyzed more than 1.3 million Gen Z accounts, in addition to more than 6.7 million accounts held by Millennials, Gen X, and Baby Boomers.
Themes in the Q1 2022 Apex Next Investor Outlook include:
To see the complete list of the Apex Top 100 stocks among Gen Z investors, click here.