Younger investors — Millennials and Gen Z — seem to have FOMO as they are more likely to chase momentum behind earnings, according to Apex Fintech Solutions latest survey. Apex Fintech Solutions CEO Bill Capuzzi sits down with Yahoo Finance to discuss these FOMO trading trends observed from the most recent earnings seasons, especially across the Magnificent 7 tech stocks. "When I look at the data in terms of the pattern, those 26 and younger year olds, there was a bit of fear of missing out. The great earnings and the amount of activity in that name [Meta (META)] was significant compared to something like Uber (UBER), which also posted really good earnings," Capuzzi says. "What it tells me is you have this younger generation — this notion [of] Peter Lynch which is 'invest in what you know, invest in what you use' — in this case, you have this younger generation leaning into things they use today, number one, and number two, think that there's opportunity for that stock to continue to run." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
The top tech stocks, known as the Magnificent Seven - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG,GOOGL), NVIDIA (NVDA), Meta (META), Microsoft (MSFT), and Tesla (TSLA) have all reported their latest quarterly results. Following the reports, analysts revised their earnings estimates for upcoming quarters. Yahoo Finance Markets Reporter Josh Schafer explains how the Wall Street's views on the Magnificent Seven may be evolving. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
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