Microsoft, NVIDIA, Sweetgreen, Constellation Energy and Rivian Automotive

For Immediate Release

Chicago, IL – April 22, 2024 – Zacks Market Edge is a weekly podcast hosted by Zacks Stock Strategist Tracey Ryniec. Each week, Tracey will be joined by guests to discuss the hottest topics in investing in stocks, bonds and ETFs and how they affect your life. To listen to the podcast, click here: https://www.zacks.com/stock/news/2258004/what-are-genzs-favorite-stocks)

What? What Are GenZ’s Favorite Stocks?

Welcome to Episode #398 of the Zacks Market Edge Podcast.

(0:45) – What Can We Learn From Generation Z’s Investment Attitudes?
(5:40) – Stocks To Keep On Your Watchlist Right Now
(37:00) – Session Roundup: MSFT, NVDA, SG, RDDT, CEG, RIVN, HOOD
Podcast@Zacks.com

Each week, host and Zacks stock strategist, Tracey Ryniec, will join guests to discuss the hottest topics in investing in stocks, bonds and ETFs and how they affect your life.

This week, Tracey is joined by Ethan Feller, Zacks Stocks Strategist, to talk about the next generation of investors, GenZ.

Older GenZs are now approaching 30. They have been working for several years and most of them are now investing in stocks. This generation also came of age with financial apps like Robinhood on their phones already. They have embraced fintech.

What Industry Is GenZ Investing In?

No one will be surprised to learn that GenZ investors love technology and dislike some old economy industries like oil. Tracey hasn’t heard of them running into bank stocks either.

But clean energy, especially nuclear, seems to be high on their list. And big tech, especially Mag 7, even if those companies have been around for decades, are in the picture.

Some stocks, like Tesla, that were popular with Millennials, seem to be falling out of favor with younger investors. Maybe Rivian is more their steam?

Each generation also comes of age with a new restaurant product. Baby Boomers had McDonald’s. GenX had Starbucks. Millennials had Chipotle. What will happen to GenZ?

5 Stocks GenZ May Have on Their Short Lists

1. Microsoft Corp. MSFT

Microsoft went IPO in 1986, before GenZ was even born. It is not a “new” technology company. But it has its hands in many areas, including AI thanks to its investment in OpenAI.

Microsoft shares are up 7.8% year to date after pulling back from recent highs. GenZ likes companies that pay dividends, and Microsoft pays one, which currently yields 0.7%.

Wondering if GenZers like to own Microsoft?

2. NVIDIA Corp. NVDA

NVIDIA is the leader in AI chips in 2024 but before AI, it was the leader in gaming. Is it any wonder that GenZ wants to own NVIDIA?

Shares of NVIDIA are up 70.7% year-to-date but have missed their all-time highs in the past month, falling 3.8% over the period. NVIDIA also pays a dividend, currently paying just 0.02%. It’s only $0.16 so investors don’t own it for yield.

NVIDIA may seem expensive, but it trades at just 35 times earnings.

Is NVIDIA a must-own “generation” stock for GenZ?

3. Sweetgreen, Inc. SG

Sweetgreen is a fast-growing restaurant chain that is popular with GenZ and Millennial consumers as it serves quality food. Sweetgreen shares have taken off in 2024, and are up 84% year to date. But over the past month, the stock has retreated 6.3%.

Sweetgreen is still a small company, valued at just $2.4 billion.

Will Sweetgreen be the restaurant chain for the GenZ generation, like McDonald’s was for the Baby Boomers?

4. Constellation Energy Corp. CEG

Constellation Energy is the largest nuclear energy provider in the United States. It has a market cap of $58.4 billion. GenZ is very interested in clean energy companies. Additionally, Constellation Energy pays a dividend, which GenZ likes. It currently yields 0.8%.

Shares of Constellation Energy are up 57% year to date. It still has an impressive PEG ratio, however, of 0.9. A PEG less than 1.0 indicates the company has growth and value.

Should Constellation Energy be on your short list?

5. Rivian Automotive, Inc. RIVN

Rivian makes electric cars. GenZ has come of age and EVs like Tesla have become the norm. Why not invest in it?

Rivian’s stock has fallen this year as sales of EVs and trucks have declined. Rivian recently announced another round of layoffs. Shares are down 62.3% year to date. But revenue is still expected to rise 19.3% this year.

Is this an opportunity to buy at Rivian?

What? What Should You Know About GenZ’s Favorite Stocks?

Tune in to this week’s video podcast to find out.

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For Immediate Release

What Industry Is GenZ Investing In?

5 Stocks GenZ May Have on Their Short Lists

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