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3 Top Streaming Stocks To Watch Right Now

March 10
09:51 2022

Streaming stocks, similar to many popular segments of the stock market, have had a down year thus far. From expectations of interest rate hikes to the Russian invasion of Ukraine, sentiments in the market appear to be in the doldrums. Besides, the reopening of the economy following the pandemic has likely impacted the near-term growth of streaming services. However, this should not sway investors away from the industry. After all, content streaming could still benefit over the longer term due to cord-cutting trends.

After coming off a stellar quarter, Disney (NYSE: DIS) recently announced that it would launch ad-supported video on demand. It appears that this new feature would be cheaper than the current version as it strives towards its target of 230 million subscribers by the end of fiscal 2024. As a result, the cheaper price will also allow content providers to reach more audiences. And that could potentially add to the bottom line.

Besides that, Discovery (NASDAQ: DISCA) and Venture Valley video game team recently announced Discover Venture Valley. This is a new educational initiative that would help students build financial literacy and business skills. Just like Netflix, other companies are open to exploring other high potential industries such as gaming. All in all, there is still room for growth within the streaming space. Nevertheless, investors may have to be more selective when picking companies in this competitive environment. So, here are some of the top streaming stocks to consider in the stock market today.

Streaming Stocks To Watch This Month

Roku

Roku pioneered streaming to the television (TV). The company’s mission is to be the TV streaming platform that connects the entire TV ecosystem around the world. Today, Roku streaming devices are accessible to consumers in North America, Latin America, and parts of Europe including the UK, Ireland, and France. By giving consumers the content they love, Roku can monetize large audiences and provide advertisers with unique capabilities to engage consumers.

It is undeniable that ROKU stock has been on a downward spiral over the past year. However, it does not mean that the company no longer has upsides moving forward. For investors, several encouraging developments may sway public sentiment. Firstly, Roku announced Roku’s Advertising Watermark last month. This is a free technology to help advertisers and publishers validate the authenticity of video ads originating on the Roku platform. Thus, it would give marketers the confidence that their products are in fact reaching real Roku users.

Furthermore, Roku announced its membership and participation in Sound Hub Denmark, a world-class sound and acoustics growth hub. Roku will join other members including Bang & Olufsen, Harman, and Dynaudio to provide coaching and mentoring. In addition, it would also present on topics around home theaters and audition at Sound Hub Denmark events. Overall, these appear to be steps in the right direction as the company continues to plan for long-term growth. With that in mind, would you consider adding ROKU stock to your watchlist?

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