Apex Fintech Solutions Data Highlights Gen Z's Continued Support for Flagship Meme Stocks in the Third Quarter of 2021

Nov 03, 2021

Apex Fintech Solutions (“Apex”), the “fintech for fintechs” powering innovation and the future of digital wealth management, which has previously announced a merger with Northern Star Investment Corp. II (“Northern Star”) (NYSE: NSTB), today released its Q3 2021 Apex Next Investor Outlook. The report highlights the top stocks and noteworthy holdings of the rising class of Gen Z investors. Amid a quarter characterized by inflation concerns and a fits-and-starts reopening associated with the global pandemic, Apex’s data reveals younger investors maintained a bullish stance on AMC and GameStop—two of the earliest meme stocks to gain widespread popularity earlier this year. Other names within the Gen Z top 10 also held steady, including Tesla, Apple, and Amazon, hinting at the younger generation’s proclivity to provide stable support for its highest-conviction holdings. Shorter-term sentiment was evident elsewhere in the rankings, as vaccine makers Moderna and Pfizer enjoyed a nice bump upwards on the back of booster-shot momentum. Giant retailers Costco and Home Depot also climbed the rankings as Gen Z bet their healthy budgets and supply chain expertise would spell success this holiday season.

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