NEW YORK (TheStreet) -- A new study by TD Ameritrade revealed that the top stock picks by Millennials tend to be pricey, CNBC's Brian Sullivan reported on "Power Lunch" Thursday afternoon.
"Millennials have a taste for something that you might not expect: high-dollar stocks," he said.
Some of the favorite investments of the generation reaching adulthood around the year 2000 are Tesla (TSLA) - Get Report stock at $200, Apple (AAPL) stock at $106, Netflix (NFLX) stock at $97, Amazon.com (AMZN) stock at $770, and Facebook (FB) stock at $126, according to the study.
In addition, a theme with all millennial investors is that they want to invest in a company with responsible business practices, according to the report, Sullivan said.
Valeant (VRX), Freeport McMoran (FCX) and Disney (DIS) were other favorites of millennials, CNBC's Melissa Lee said.
Chesapeake Energy (CHK) is another pick, perhaps because it's trading much lower than it was five or six years ago, so they could be buying it while its down and hoping for a U-turn, said CNBC's Guy Adami, who is also the director of advisory advocacy at Private Advisor Group.
"It seems to me the common thread is that they like stocks that whip around. So to me, Apple is a head-scratcher on this," noted Lee.
"Well, they all use it," Sullivan replied.
"They all use it. They all know it. They want to say to their buddies, 'Hey! I own Apple'," Adami said in agreement.
However, General Motors (GM), Ford (F) and Honeywell (HON) are "boring and for people my age," Adami added.
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