Apex Clearing's Data Reveals New Stock Rankings Among Gen Z Retail Investors in the Second Quarter of 2021
Apex (News - Alert) Clearing Corporation ("Apex" or the "Company"), the business-to-business custody and clearing platform powering innovation in fintech, investing, and wealth management, today released its Q2 2021 Apex Next Investor Outlook, which highlights the top stocks held by the rising class of Gen Z investors. The report also captures which stocks fell in the rankings and reveals behavior parallels and comparisons to the older generations.
Amid recent price cuts in popular meme stocks and associated skepticism, retail investors across all generations showed unanimous conviction in these names coming out of the second quarter. The data indicates younger crowds saw the most potential in companies that have been popular on social media and in online forums with AMC displacing TSLA as the top stock for Gen Z and Millennials, as of June 30, 2021. Cannabis companies and mega-cap stocks also became of interest to Gen Z investors, while cryptocurrency-related stocks faded in the rankings.
"As Gen Z investors become a more influential force, fintech companies and advisory firms who understand them and embrace the accompanying changes will be better positioned to come out ahead," said Bill Capuzzi, Chief Executive Officer of Apex. "It's fascinating that AMC made up nearly 25% of the holdings within Gen Z's list of the top 100 stocks, compared to a mere 3.6% of holdings in the first quarter of 2021. Their evolving interests and participation in the markets will reshape a new wealth management industry - one that looks quite different from the traditional model."
The Apex Next Investor Outlook includes an analysis of the top 100 stocks owned by millions of investors on the Apex platform, with a special focus on the Gen Z digital investor sentiment. The Q2 2021 report analyzed more than 1 million Gen Z accounts, in addition to over 5 million accounts held by Millennials, Gen X, and Baby Boomers.
Themes in the Q2 Apex Next Investor Outlook include:
Apex is a subsidiary of Apex Fintech Solutions LLC. As announced on February 22, 2021, Apex Fintech Solutions LLC entered into a definitive agreement with Northern Star Investment Corp. II ("Northern Star") (NYSE: NSTB), a publicly traded special purpose acquisition company, which would result in Apex Fintech Solutions becoming a publicly listed company after the required approval by the stockholders of Northern Star and the satisfaction or waiver of certain other conditions set forth in the agreement.
ABOUT APEX CLEARING CORPORATION
Apex Clearing Corporation is the fintech for fintechs powering innovation and the future of digital wealth management. Our proprietary enterprise-grade technology delivers speed, efficiency, and flexibility to firms ranging from innovative start-ups to blue-chip brands focused on transformation to capture a new generation of investors. We help our clients provide the seamless digital experiences today's consumers expect with the throughput and scalability needed by fast-growing, high-volume financial services businesses. Founded in 2012, Apex Clearing Corporation is registered with the SEC (News - Alert), a member of FINRA and a participant in SIPC.
For more information, visit the Apex Fintech Solutions website.