Get long boomer stocks and short millennial shares, says Bank of America

Boomers have cash and appear to be weathering rising interest rates better than other generations, according to Bank of America. Because of this, the bank sees stocks particularly exposed to the well-off group that investors of all ages should buy. The baby boomer generation, born between 1946 and 1964, was in the prime working age during the main period of wealth creation, according to analyst Ohsung Kwon.

Those boomer dollars are mainly going to health care, entertainment and home improvement, Kwon said, which make stocks in this spaces good longs given the strength of that consumer base. On the other hand, millennials' stretched dollars tend to go toward housing and apparel, meaning they can make good shorts. Luxury homebuilder Toll Brothers and real estate investment trust Welltower were both among Kwon's boomer-focused long ideas.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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America's getting older — and that's good news for stocks: Deutsche BankSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Follow Steve on Twitter: MKTWgoldstein.
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