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Millennials are Overexposed to Cannabis By James Blakeway
cross the world of financial media one topic pops up repeatedly: “How are millennials saving and investing?” Born from 1981 to 1996, millennials have now reached ages 23 to 38. As baby boomers (1946-1964) retire and members of Generation X (1965-1980) become content with
their investing and savings habits, financial firms are shifting their focus to millennials for opportunity. One firm succeeding in this endeavor is Robinhood. Robinhood’s basic, intuitive mobile app, combined with its pricing, has secured the company a place with millennials over the last several years.
A
Perhaps the most interesting component of Robinhood is the “Top Stocks” list it displays to clients. It’s akin to the “Trending” topics on Twitter or top videos on YouTube, except it’s populated with the stocks that Robinhood customers, primarily first-time or novice millennials, are investing in at the firm. The table shows the Top
Robinhood’s Top 20 Robinhood’s Top Stocks list alerts customers to the most popular stocks, as measured by purchases of Robinhood customers Robinhood Top 20 (June 2018) Rank
Company
Symbol
1
Apple
AAPL
Robinhood Top 20 (June 13, 2019) Rank
Company
Symbol
1
Aurora Cannabis
ACB
Price $7.75
Market Cap ($billion) 7.7
2
General Electric
GE
2
General Electric
GE
3
Ford
F
3
Ford
F
4
Microsoft
MSFT
4
Apple
AAPL
$194.19
898.7
5
Advanced Micro Devices
AMD
5
Microsoft
MSFT
$131.49
1007.2
6
Fitbit
FIT
6
Cronos Group
CRON
$17.10
5.4
$10.28
7
$9.85
39.9
7
GoPro
GPRO
7
Fitbit
FIT
$4.52
1.1
8
FB
8
GoPro
GPRO
$6.00
0.9
9
TWTR
9
Tesla
TSLA
$209.26
37.8
10
Netflix
NFLX
10
Advanced Micro Devices
AMD
$32.18
34
11
Snapchat
SNAP
11
Canopy Growth
CGC
$42.84
14.5
12
Bank of America
BAC
12
Snapchat
SNAP
$13.75
18.6
13
Nvidia
NVDA
13
FB
$175.04
505.6
14
Tesla
TSLA
14
Hexo Corp
HEXO
15
Amazon
AMZN
15
Disney
DIS
16
Alibaba
BABA
16
Alibaba
BABA
$160.04
417.9
17
Micron
MU
17
Amazon
AMZN
$1,855.32
921.3
$6.45
1.5
$135.72
252.7
18
Disney
DIS
18
Plug Power
PLUG
$2.60
0.6
19
Square
SQ
19
Zynga
ZNGA
$6.19
5.8
20
Starbucks
SBUX
20
Nvidia
NVDA
$146.20
90.1
56
luckbox | august 2019
