What are boomer stocks?
Definition: Boomer Stock
Boomer stocks are typically traditional value stocks. They tend to be stable and profitable companies that usually provide good dividends. Blue chip stocks.
Boomer stocks are the Wall Street Bet equivalent to calling someone a boomer. It is considered to be an insult, even though boomer stocks tend to do well.
It is considered an insult, because the stocks are not considered to be as risky as YOLO’ing your life savings on a weed penny stock. Boomer stocks include any stock that your dad and all his boomer friends would buy.
Examples of boomer stocks are Home Depot, Vis, McDonalds, JP Morgan, General Electric, AT&T, Johnson & Johnson or Exxon Mobile. Wal-Mart is also considered a top pick boomer stock.
There is nothing wrong with investing in these companies for stable returns and good dividends. However, they do not provide the thrill of risk associated with meme stocks. A boomer stock is unlikely to have double digit percentage gains during a trading session, pre-market or post-market.
Sometimes they are considered to be the opposite of meme stocks.
To understand boomer stocks on a deeper level, think about the book The Great Gatsby. An underlying theme is the division between old money and new money. This impacts not only the character’s world views but their differing ideals. This same division translates over to Wall Street in the form of boomer stocks versus meme stocks.
”GME is a hedge against boomer stocks”
“Imagine buying boomer stocks”
“I know it’s an unpopular opinion, but I think this boomer stock is going to the moon!”