How you can give the gift of stocks this Christmas to get loved ones started on their investment journey

Published On Dec 10, 2023, 7:28 AM

The article discusses the popular trend of gifting stocks during the Christmas season, emphasizing that stocks can provide significant long-term value compared to traditional gifts. It highlights methods for gifting stocks, especially to children through custodial accounts, and suggests considering ETFs for those unsure about specific stocks. By gifting stocks, investors hope to contribute to the recipient's financial future while also bringing excitement to the idea of giving gifts during the holidays.

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Stock Forecasts

MGAView MGA chart on TradingView

Positive

MGA Entertainment, known for its trendy toys, is positioned well for the holiday season as consumer interest in toys may surge. Despite inflation effects, the company's CEO is optimistic about sales, suggesting potential growth in stock value. Additionally, broader interest in toy stocks could see positive movement.

XLYView XLY chart on TradingView

Positive

Investing in ETFs that target consumer discretionary stocks or specifically retail toys may benefit from increased holiday spending. As people seek gifts that provide long-term value, stocks in these sectors could also respond positively to seasonal demand.

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