Apex Clearing's Q2 2020 'Millennial 100' Stock Pulse Report Shows Cross-Generational Support for Certain Stocks in Post-Pandemic World
DALLAS, July 30, 2020 /PRNewswire/ -- Apex Clearing, the custody and clearing engine powering the future of wealth management, has released its Q2 2020 Apex Millennial 100 report, an analysis of the top 100 stocks owned by millennial investors using Apex partner applications as of June 30, 2020. The report analyzed more than 1.3 million investment accounts owned by US-based investors with an average age of 31 years and seven months.
Amid persistent uncertainty and volatile markets during the second quarter, millennial investors remained uber bullish, opening accounts and trading shares at increasing rates. The Q2 Apex Next Investor Outlook [https://go.apexclearing.com/apex-next-investor-outlook-q22020-infographic] identifies notable patterns and provides insights into how this group of more than one million millennial investors reacted, with a special focus on how millennials are investing during times of crisis and volatility in comparison to other generations.
"In Q2, trading volumes across our partner platforms increased nearly 30% compared to the heavily volatile Q1, and it was another record-setting quarter for account openings," said Bill Capuzzi, CEO of Apex Clearing. "It's difficult to pinpoint the reason why—maybe it's an effort to implement new financial habits during pandemic lockdowns or a way to pass vast amounts of time spent at home—but the numbers don't lie: millennial investors have become more active in recent months."
Some trending stock themes in the Q2 Apex Millennial 100 include:
In terms of allocation changes, some of the biggest moves within the Apex Millennial 100 were seen in vaccine technology company, Moderna, which joined the list at #40 and entertainment company, Genius Brands, which hopped on at #46.
To see the complete list of Millennial 100 stocks, click here [https://go.apexclearing.com/apex-next-investor-outlook-q22020-top100.]
About Apex Clearing Corporation
Apex Clearing is a custody and clearing engine that's powering 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 is registered with the SEC, a member of FINRA and a participant in SIPC.
For more information, visit the Apex Clearing website, and follow the company on Instagram, LinkedIn, and Twitter.
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SOURCE Apex Clearing
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