Why Do Millennials Hate Verizon Stock?
Millennials, who are 25 to 40 years old this year, overtook baby boomers as the largest generation in 2019. They're a core market for most companies, and companies that keep pace with their evolving tastes and preferences often generate stronger growth than those that do not.
Millennials are also changing investing trends in the stock market. Many investors on Robinhood, the free stock trading platform with over 13 million users, belong to that generation. Millennials also drove the recent Reddit-fueled short squeeze that catapulted battered stocks like GameStop to historic highs.
That's why analysts often keep a close eye on the most popular stocks among Robinhood users to gauge millennials' investing habits. But Verizon (NYSE: VZ), a dusty old dividend stock often favored by baby boomers, still isn't on that list -- even as its rival AT&T (NYSE: T) starts to gain traction. Let's see why millennial investors seem to hate Verizon's stock.
Source Fool.com
