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.
Grocery store chain Kroger's bid to buy its close rival Albertsons has caused alarm in the U.S. West, where officials fear its potential dominance - controlling more than half the market in some states - will hurt consumers. But the biggest opposition comes from Western markets, who make up six of the eight states that joined a Federal Trade Commission lawsuit on Monday to stop the deal. While Kroger argues it needs the deal to take on big national rivals like Walmart and Amazon.com, in several Western states it will be by far the biggest player.
Amazon.com (AMZN) joined the Dow Jones, replacing drugstore operator Walgreens Boots Alliance (WBA) on Feb 26. The reshuffle reflects the ongoing shift from traditional brick-and-mortar retail to e-commerce and technology-driven companies.