Investing ‘Summer Vibes’ Drives Interest in Cruise and AI Stocks, According to New Apex Q2 2023 Investor Study

- All generations moved CCL, RCL and NCLH into their top holdings

Laura Cox
Nov 27, 2023 - Last Updated: Nov 27, 2023

DALLAS, August 10, 2023 –(BUSINESS WIRE)–With summer travel booming, all four generations — Gen Z, Millennials, Gen X and Boomers — invested heavily in popular cruise lines in Q2, according to the Q2 2023 Apex Next Investor Outlook (ANIO). The study utilizes data from Apex Fintech Solutions (“Apex”), the fintech for fintechs powering innovation and the future of digital wealth management. The data also reinforced the continued powerful interest in AI, with major rallies and investments in Nvidia, C3 AI, and Palantir.

The ANIO report analyzes investor data who trade through introducing brokers on the Apex Clearing Platform — across more than 1.3m Gen Z accounts and 5.6m accounts held by Millennials, Gen Z and Boomers, calculated from April 1 through June 30, 2023.

The following data refers to the rankings of the most commonly held securities at Apex by generation in Q2 2023. The data shows a given ticker’s movement within this ranking system among a particular generation. These observations are for informational purposes about generational trends and are not investment advice. Key report findings include:

  • Everyone loves cruises
    • With cruise lines announcing record bookings, Q2 saw a significant shift in investment focus towards cruise lines, with Norwegian Cruise Lines (NCLH), Carnival Corp. (CCL) and Royal Caribbean Group (RCL) receiving heavy investments across all generational cohorts.
  • Gen Z is less enthusiastic about AI
    • Millennials and Gen X are enthusiastic about AI, with C3 AI (AI) moved up the lists 18 and 27 points, respectively. Boomers doubled down on Palantir (PLTR), moving it up 24 spots. Only Gen Z held back from jumping on the AI bandwagon.
  • COVID’s over – at least from an investing standpoint
    • All four generations jettisoned biotech stock Moderna (MRNA), falling down the ranks across ages.
  • Technology stocks are a preferred choice across all generations
    • Across all generational cohorts, technology stocks maintain a strong lead in equity investments among these Top 10 Stocks: TSLA, AAPL, AMZN, NVDA, MSFT, META, GOOGL/GOOG, AMD, BRK.B, and SOFI.
  • Gen Z took a cautious approach in Q2
    • Gen Z appeared to scale back in bullish trading patterns compared to Q1. Possible reasons for this cautious approach may include the First Republic Bank crash, negative press surrounding AI from Google, and the departure of a prominent figure in the AI industry.
  • Gen Z still likes crypto and digital
    • Gen Z’s three hottest, climbing-the-ranks stocks in Q1 include a crypto-economy company (COIN); a Bitcoin ecosystem provider (MARA), and a cybersecurity business (CRWD).

“What’s remarkable about our Q2 ANIO report is how many investing stereotypes were broken,” comments Connor Coughlin, Chief Commercial Officer, Fintech at Apex Fintech Solutions. “The multi-generational investing interest in cruise stocks is a great example. But also, despite perceptions around the ‘meme stock’ generation, it was actually Gen Z that appeared to be more conservative in Q2, even holding back on investing in AI stocks. As such, better understanding the changing needs and behaviors of retail investors is going to continue to be critical for advisors and fintechs.”

To download the full ANIO report, click here:


Laura Cox - Writer for Apex