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A New View for Millennials

A New View for Millennials

Millennials are going to be a new force driving the economy. With 92 million members, this enormous generation is going to change the dynamic of winners and losers on Wall Street. Earlier this week, my friend and colleague JL Yastine told you about the impact that millennials are having on the RV industry. Once the domain of baby boomers, millennials are diving into this form of recreation, helping to give Camping World Holdings (NYSE: CWH) a boost since its recent initial public offering.




With previous generations, we saw a drive to acquire things and stuff to fill their homes or apartments.

However, with millennials we find a drive for experiences, whether that’s traveling the globe or going to music festivals. Their interest in traveling throughout the country is often mixed with a love of being active outdoors and engaging in adventurous activities like hiking, rock climbing and camping.

This love is creating some big winners in the stock market, such as Camping World Holdings. The stock has rocketed up by 56% at its peak earlier this month, and it will likely continue to gain with help from millennials.


Paul Mampilly
Editor, Profits Unlimited

About The Author

Paul Mampilly

Paul Mampilly is an American investor and former hedge fund manager. Paul has been featured on CNBC, Fox Business News and Bloomberg TV. He is the founder of the popular investment newsletter Profits Unlimited, where he uses his skills, experience and knowledge as a former Wall Street insider to guide his more than 130,000 subscribers into stocks that are primed to shoot higher. Born in India, Paul came to the United States as a young man and quickly joined the ranks on Wall Street. With over 25 years of experience in the investment world, he started his career in 1991 as an assistant portfolio manager at Bankers Trust. From there, he quickly rose to prominent positions managing multimillion dollar accounts for Deutsche Bank and ING. He has also managed money for the Royal Bank of Scotland, Sears and a private Swiss bank.



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