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Get Y's: Stock Picks for Gen Y

Technology and textiles offer some unique opportunities for investors under 30 -- the demographic known as "Generation Y" -- according to Romeo Dator of U.S. Global Investors.

The co-manager of the All American Equity Fund gave CNBC some likely picks for the laid-back, tech-savvy set: Buy what they know.

"I think (they) should look at this as an opportunity to buy after a sell-off, because I think (they) have a very long time horizon," he said of the current market environment. "We're starting to see very attractive valuations."

Recommendations:

Topping his list is Apple.

"You have a group of people with Generation Y who have grown up using Apple products -- the iPod, the Macintosh computer or the iPhone -- and I think they'll be fairly loyal to Apple; I think they'll continue to introduce very good products that they want to use," he explained.

Near-term, Dator notes that the newest-generation iPhone is to be introduced on Friday.

He also likes videogame retailer GameStop, despite the availability of online games for downloading.

"You're not going to be downloading games, because they're just so big, and we don't have the bandwidth to do a lot of that downloading, so I think videogame sales will still be fairly strong until we get that bandwidth built out, which I don't think will happen in the next five years," he said.

His third pick is premium jeans merchant True Religion.

"Fashion is also very important to the Generation Y crowd, and I think that's the best pure denim play," he said. "Denim is still selling well at Bergdorf, Saks, and Nordstrom."

Disclosures:

Disclosure information was not immediately available for Romeo Dator or his fund.

Disclaimer

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GME
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UYO
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AAPL
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