(CNBC) CNBC has announced the launch of the next generation index for tracking stocks popular among young people and budding investors.
The CNBC Next Generation 50 Index will be a 50 equally weighted stocks gauge and includes major household names with different sizes and prospects of growth.
The Index includes cryptos Bitcoin and Ethereum among fintech stocks such as Affirm, Lemonade, PayPal, Square, and Upstart Holdings. Coinbase also makes the cut that accommodates forty-eight stocks.
Stocks popular with the modern-day workplace trends such as Wix, DocuSign, Zoom, Palo Alto, and Crowdstrike are also included. Entertainment names such as Netflix and travel stocks Airbnb, Lyft, Tesla, and Uber are included.
Vaccine makers Moderna and Teladoc, Cannabis stocks Tilray and Canopy, food listing Chipotle, DoorDash, and Dutch Bros make the cut.
Dating sites Match and Bumble are some other stocks on the CNBC index, which also includes pet site Chewy.
Mega stocks on the CNBC Next Generation 50 Index include Alphabet, Amazon, and Apple.
CNBC says it had to make tough decisions leaving some names such as Robinhood, Salesforce, and Nvidia but said it would twerk the list in the future.
CNBC says it has backdated the new index from the start of 2021 and has since then gained more than 40%. The index is said to suffer from price swings and was down 17% in the last month.
