12 stock picks to buy, capitalize on millennial wealth boom, says Cowen - Business Insider

Millennials share of the United States' net worth is expected to quadruple by 2030, Cowen's equity analyst, John Kernan, said in an October 14 research report.

Cowen recently conducted its third annual survey into the behaviors of millennials - those born roughly between 1980 and 2000 - and Generation Z - those born between 1996 and 2010 - for insight into these groups' behaviours. The survey interviewed 1,200 US adults from the ages of 18 to 34, benchmarked against 1,500 US adults from the ages of 35 to 55.

Cowen's survey identified eight key themes that will have an effect on growth and risk across these sectors and the bank's team of equity analysts identified 12 stocks that will be well placed to benefit from that broader shift in consumer behaviors. "The network effects of each marketplace are significant with data, and more users/community participating in the market creating more trading, more hype/storytelling around product launches and enabling brands to create customized, limited-edition product at premium prices and high sell-throughs," Kernan said. "This ultimately can circle back and help to drive primary market sell through for brands depending upon brand heat in the secondary market.

"Retailers and brands in the mid-tier mall and department store based fashion may continue to lose share, while value driven retail and innovation/aspiration retailers and brands should continue to win," Kernan said "This has manifested itself in a barbell strategy towards sector positioning - own Athletic, Off-Price, luxury and broadlines.

wow

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside a Amazon arbitrageurs group where members sell $100K in goods - Business InsiderPeople are quitting their jobs to make thousands selling everyday items on Amazon. Here's a look inside one exclusive resale group, where members have sold over $400,000 worth of good since May.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Long-term stock picks and investing strategy from Parnassus manager Lori Keith - Business InsiderLori Keith's mutual fund has grown 98,000% in 12 years by focusing on unflashy companies. She told us about 7 such stocks that thrived in the recession — and will do even better in the recovery.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Tech stocks are 'disaster waiting to happen,' investor Bill Smead says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How communities of color face emotional, systemic barriers to wealth - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. brunchandbudget brunchandbudget
Source: BusinessInsider - 🏆 729. / 51 Read more »

Some iPhone 12 customers report lags, errors when trying to pre-order - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. And? That’s gonna happen when thousands of people go at once. Been trying for 3 days on TMobile and errors out every time at the “payment” step. It’s 2020... upgrade your servers.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Apple iPhone 12 Mini is the smaller sized phone everyone wants - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »