Kinahan Says Millennials Are Buying The Stocks They Know, Like Beyond Meat And Tesla

On CNBC’s "Closing Bell" on Monday, TD Ameritrade's chief market strategist JJ Kinahan said millennials were net-buyers of stocks in June.

Kinahan said millennials were buying things they know. He said they love Tesla Inc TSLA.

"If Tesla goes down to $200, you are going to see millennials buy it," said Kinahan.

See Also: Investor Movement Index Summary For June 2019

He also listed Beyond Meat Inc BYND, Uber Technologies Inc UBER, Canopy Growth Corp CGC and NVIDIA Corporation NVDA as stocks millennials love to buy.

Kinahan said Netflix, Inc. NFLX was a strong sell among millennials, while Walt Disney Co DIS was a buy.

"I don’t know if that is giving us a signal about Disney+, but I thought that was a very interesting relationship," said Kinahan.

Photo courtesy of Beyond Meat.