TD Ameritrade strategist explains why millennial investors have been buying ExxonMobil

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TD Ameritrade strategist explains why millennial investors have been buying ExxonMobil
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'They feel as though with the great yield on Exxon, it might be a good play, at least for a year or so,' TD Ameritrade strategist JJ Kinahan told CNBC.

"One of the most bought stocks by our millennials," JJ Kinahan, the brokerage firm's chief market strategist, told CNBC on Monday.

So-called ESG investing — or strategies that weigh a company's environmental, social and governance impact — isas their worries around climate change keep them away from fossil fuel stocks such as ExxonMobil."It's about the fact that they think crude oil does have a bottom, at least in the shorter term," Kinahan said, recalling his conversations with some young investors who have bought ExxonMobil shares.as the impact of the coronavirus in China persists.

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