58% of US households owned stock holdings in 2022 — an all-time high — according to the Federal Reserve's Survey of Consumer Finances. Stocktwits CEO Rishi Khanna sits down with Yahoo Finance in-studio to discuss the themes driving investor holdings of equities and digital assets, discussing several of the most viewed stocks on the StockTwits website in 2023.
"I do think the foundational catalysts are bringing a lot of people into the markets has been what's happened over the last three, four years due to COVID," Khanna explains. "But now... I think getting exposure to the markets and understanding like following companies whether it is a personal thematic interest... but also people understanding exposure to single-stock names are an opportunity."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
This post was written by Luke Carberry Mogan.
Video Transcript
[AUDIO LOGO] - More Americans are investing than ever before.
58% of US households owned stocks in 2022, and that's up from nearly 53% in 2019, pre-COVID.
That's according to the Federal Reserve's Survey of Consumer Finances.
And investors are seeing big gains this year.
The S&P 500 up around 23% as we head now into the holidays.
Here to dig into some of the biggest moves in equities this year is Rishi Khanna, CEO of StockTwits.
Rishi, it is great to see you.
- Great to see you guys.
- Maybe to start with you, what are your users talking about right now on the platform?
What is interesting them?
Is it stocks, meme stocks, crypto?
What are the top tickers?
- So obviously, the resurrection of crypto has been a big thing over the last few weeks or months.
So you're seeing that reflected by the conversation around crypto itself as well as companies like Mara Digital Holdings, Marathon Digital Holdings.
But also, thematically, you see big interest in electric vehicles and all the stocks related to that.
Obviously, Tesla, the original meme stock, is always a perennial leader, but companies like Mullen Automotive and IO, Fisker, Rivian, et cetera.
So thematically, that's an interesting space.
AI, right?
You can't get away from 2023 without talking about AI, as much as we might try.
And it'll be interesting to see how that goes forward.
And then the Magnificent Seven, they are the leaders.
If you look at our top five, top 10 lists, the Magnificent Seven are there across activity, interest, gaining new followers and stuff.
So really, a breath thematically as well as a reflection of the markets as a whole.
- Yeah, I was really interested in that Fed data that we quoted that said more than half of people now own stocks in the US.