3 stocks Bank of America trusts thanks to rising demand from young consumers

According to Bank of America's analysis, younger generations of consumers, particularly millennials and Generation Z, should present significant growth opportunities for discount apparel retailers. The analysts note that these customer groups have been significantly increasing their spending on affordable clothing recently, which is a positive indicator for future sales for these companies.

Bank of America therefore recommends investing in the stocks of these three companies, all of which have seen their prices rise over the course of the year.

Burlington Stores $BURL

Burlington Stores, formerly known as Burlington Coat Factory, is one of America's leading discount fashion retailers. According to Bank of America, young consumers are increasingly buying affordable clothing, allowing Burlington to increase its market share. This trend is supported by the company's positive financial results, with its stock up approximately 40% since the beginning of the year.

Burlington has benefited from…