Apex Fintech Solutions data highlights Generation Z’s growing focus on renewable energy in Q3 2022 | Business

Dallas – (BUSINESS WIRE) – October 20, 2022 –

Apex Fintech Solutions (“Apex”), the fintechs company that supports innovation and the future of digital wealth management, today released the Apex Next Investor Outlook for the third quarter of 2022 (the “Q3 ANIO Report” or “Report”). The report, which analyzes proprietary data for US-based investors trading through defined brokers on the Apex Clearing platform as of September 30, 2022, highlights the top 100 stocks. [1] Held by investors across four generations, with a special focus on millennials and rookies [2] demographics. The report also includes an analysis of cryptocurrency trading data across the platform. This report is not intended as a securities analysis nor as a recommendation to buy or sell any investment, and is for informational purposes only.

Throughout the third quarter of 2022, Generation Z investors turned to renewable energy stocks focused on mitigating climate change and rising gas prices. Alternative energy companies including Rivian, ChargePoint and Plug Power Inc. And Enphase Energy is a significant growth. In line with the second quarter of 2022, stable, revenue-generating and dividend players such as Costco, Abbvie and Chevron are still widely held, while the major stocks that have held within the top ten of Generation Z include Tesla, Apple, Amazon, Google and Microsoft.

“With recession fears mounting and geopolitical and environmental concerns becoming our top priority globally, young investors are increasingly looking to technological innovation to pave the way for a clean energy future. At the same time, cross-generational investors remain interested in accessing the power of digital assets,” said Conor Coughlin. , General Manager, Fintech at Apex Fintech Solutions. “Apex data confirms a high level of retail engagement as digital commerce, wealth technology, and financial education platforms continue to democratize access to financial markets.”

While the turbulent crypto market conditions persisted, millennial investors remained bullish on Bitcoin and other major cryptocurrencies, including Ethereum. There were approximately 5.2 million crypto-enabled accounts on the Apex Crypto platform in the third quarter, an increase of 6% from 4.9 million in the second quarter. Millennials represented 43% of those 5.2 million crypto-enabled accounts, with Next Generation Z at 35%, Generation X at 18%, and New Generation at just 4%. Across all generations analyzed, 90% of accounts continued to hold their positions via the tokens offered on the Apex Crypto platform.

Overall, the report analyzed nearly 1.4 million Generation Z accounts, as well as more than 6.8 million accounts held by investor-owned Millennials, Generation X, and Baby Boomers on the Apex platform, counted as of September 30, 2022.

Features in Apex Q3 Next Investor Outlook include:

• Renewable energy works while the oil remains constant With gas prices soaring in the headlines, Generation Z investors have entered a range of renewable energy stocks to express their opinions on the current environment and future of energy sources, amid growing concerns about climate change.
  • Recipients of this trend are EV Rivian, solar energy company Enphase Energy, EV charging company ChargePoint, and hydrogen fuel cell company Plug Power Inc. , who each rose by about twenty points to rank 35, 43, 56 and 58, respectively.
  • On the other side of the trend, oil and gas companies ExxonMobil, Chevron and Energy Transfer slipped slightly in the global rankings to 26, 59 and 72, respectively.
• Despite Stormy Crypto Headlines, Buy-Side Cryptocurrency Trading Improves – In the second quarter, negative sentiment and declining asset values ​​sparked a chill in the crypto world, and this trend continued through the summer. In the third quarter, Apex Crypto users made more than 2 million transactions, 68% of whom made purchase orders. Millennials recorded the highest number of purchases (674,000); However, the highest percentage of purchases were made by Boomers (73%) and Gen X (72%).
  • Generation Z placed 315,000 deals, 62% of which were purchased
  • Millennial investors placed 992,000 deals, and 68% of them were bought
  • Gen X placed 673,000 deals, 72% of which were purchased
  • Boom workers have placed 122,000 deals, 73% of which were purchased

• Millennials are bullish on Bitcoin Despite the decline in the price of Bitcoin against the US dollar by more than 50% in the second quarter, investors continued to buy and hold the major cryptocurrencies in the third quarter. Once again, millennials led bullish behavior on BTC, with more than half (51%) of the accounts originally invested. Gen X investors made up 25% of the accounts holding BTC, while Gen Z and Boomers made up 19% and 5%, respectively. Here’s a look at the numbers:
  • 63% increase in BTC tokens held since the beginning of the year
  • 13% growth in BTC tokens held in Q3
  • 68% of the BTC tokens purchased in Q3 were held to the end of the quarter
• The long-awaited Ethereum merger:
  • The long-awaited Ethereum consolidation, and a good bounce from 6-month lows, put crypto tokens back into focus on Gen Z investors, and increasingly Gen X investors.
    • Digital asset technology company Marathon Digital Holdings, Inc. To rank 80 from a previously unranked site.
    • Both Gen Z and Gen X investors have shown renewed interest in crypto exchange Coinbase, rising 21 places to 50th in the Gen Z rankings and 30 places to 75th in the Gen X rankings.

• Dear Shares of New Generation Z Growth Technology:
  • During the stock market sell-off this year, technology stocks that were once beloved in the market lost some of their luster. In the third quarter, the upward movement of stocks in the top 100 companies indicates that Generation Z investors are starting to pick their new favorites and buy at big discounts from previous highs.
    • DraftKings, Shopify, and Coinbase have been beneficiaries of this trend and have emerged as Gen Z’s new favorite securities. Millennials have also shown a particular interest in Shopify. Specifically, DraftKings climbed 23 points to number 32, Shopify jumped to number 44 from a previously unranked site, and Coinbase rose 21 points to number 50.
    • While preferences for new growth technologies emerge, Generation Z continues to show a preference for “blue” cryptocurrencies (defined in this case as BTC, BCH, LTC, and ETH) with 76% of their trading in Q3. Baby boomers are followed by 64%, millennials by 63%, and Gen X by 58%.

To download the full Q3 2022 ANIO report, click [ here ].

About Apex Fintech Solutions

Apex Fintech Solutions is a strong Fintech hub that enables seamless access, frictionless investment, and investor education for all. Apex’s suite of scalable solutions fuels innovation and development for hundreds of today’s market leaders, challengers, change makers, and visionaries. The company’s digital ecosystem creates an environment in which customers with the biggest ideas are empowered to change the world. Apex ensures the success of its partners on the front lines of the industry through bespoke custody and clearing, advisory, institutional and digital assets, and SaaS solutions through Apex Clearing, Apex Crypto, Apex Advisor Solutions, Apex Silver and Apex CODA Markets brands.

For more information, visit the Apex Fintech Solutions website: https://www.apexfintechsolutions.com.

important information:

Availability of products and services may vary by country. No offer to sell or solicitation of an offer to purchase securities, products or services by any person or entity in any jurisdiction or country in which such distribution or use would be contrary to law or regulation is made herein. The data summarized in this report consists of specific types of accounts that meet certain criteria clear by Apex (for example, individual self-directed accounts within a certain age range at a given time). Any company stock and stock symbols appearing herein are for illustrative purposes only and do not constitute a recommendation for a particular security. All investments carry risks. Investment returns will fluctuate and are subject to market fluctuations. The value of the investor’s shares, when redeemed or sold, may be more or less than their original cost. You should consider your investment objectives, and the risks involved, and consult with an investment and/or tax professional about your particular circumstances before making an investment decision.

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[1] The top 100 stock ratings reflect the 100 largest holdings based on theoretical values ​​as of September 30, 2022, held across all retail accounts on the Apex platform.

[2] Generations are broken down by date of birth of account holders: Baby Boomers: 1946-1964; Tenth Generation: 1965-1980; Millennium: 1981-1996; Generation Z: 1996-2012.

View source copy on businesswire.com: https://www.businesswire.com/news/home/20221020005325/en/

Contact: Media:

Sarah Weidman / Gwen Hodges

Gasthalter & Co

(212) 257-4170

apexfintechsolutions@gasthalter.com

Keyword: Texas United States North America

Industry Keyword: Environment Climate Change Finance FINTECH PROFESSIONAL SERVICES ALERGY ENERGY GENERGY ZER CRYPTOCURRENCY

Source: Apex Fintech Solutions

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PUB: 10/20/2022 09:00 AM / Disc: 10/20/2022 09:03 AM

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Originally published at San Jose News Bulletin