Image for Gen Z stocks

Cowen’s recent survey named a few retail brands that Gen Z loves. The list includes notable names like Kohl’s, American Eagle, Tapestry, Revolve Group, and Target Corp (NYSE: TGT). But where do these companies stand from an investment point of view? Are these as appealing when it comes to buying their stocks?

Nancy Tangler’s comments on CNBC’s “Trading Nation”

Commenting on that, Nancy Tangler of Laffer Tangler Investments said in her interview with CNBC’s “Trading Nation”:

“Target is one of our largest holdings in consumer discretionary. They recently expressed confidence in future earnings growth by raising the dividend 32%. Target had a standout quarter, and 94% of the U.S. population lives within sixty minutes of its store. In comparison, Amazon is at 77%. The company delivered 75% of eCommerce transactions via the stores. We like that; we like the store within a store model. The stock’s done very well. So, you could be patient, but there’s a lot to like about this story.”

Ari Wald likes Activision Blizzard in youth-focused stocks

In the same interview with CNBC, Ari Wald of Oppenheimer agreed that from an investment perspective, Target was the best pick in the names that Cowen’s survey said were the top favourites of Gen Z. Kohl’s, he added, was the weakest of the bunch.

Wald also named Activision Blizzard Inc (NASDAQ: ATVI) as another youth-focused stock with upside potential. He said:

“The stock has been consolidating above its 200-day moving averages, breaking through a very important resistance in December. Our assumption is that as long as the $90 support is intact, the year-to-date range is likely to break higher to the upside.”

The American video game holding company is best known for its Call of Duty franchise. Nancy Tangler agreed with the Oppenheimer expert’s view on Activision Blizzard but preferred to stick with Target when it came to investment.  

The post Traders comment on Cowen’s list of retail brands that Gen Z loves appeared first on Invezz.



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