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2 Streaming Stocks For Your Watchlist This Week

Check out these two top streaming stocks in the stock market this week.

streaming stocks

In recent years, the streaming industry has grown exponentially due to the rising demand for online content consumption. Streaming companies provide their subscribers with online access to TV shows, movies, and other forms of entertainment. Companies such as Netflix (NASDAQ: NFLX), Amazon Prime Video, Disney+, and Hulu have fueled the industry by offering a more affordable and personalized viewing experience than traditional cable television.

Streaming stocks have become a popular investment option for investors looking to capitalize on the industry’s rapid growth. These stocks represent companies that are at the forefront of the streaming industry, and they offer investors a unique opportunity to invest in the future of media consumption. With the rise of streaming services, investors are seeking companies with a large market share and a strong competitive advantage.

Furthermore, investing in streaming stocks allows investors to participate in the industry’s growth while potentially reaping significant financial rewards. However, there are risks associated with investing in streaming stocks, as with any investment, and investors should carefully consider their investment objectives and risk tolerance before investing. With that being said, here are two streaming stocks to watch in the stock market this upcoming week.

Streaming Stocks To Buy [Or Avoid] Right Now

Amazon.com, Inc. (AMZN Stock)

Amazon.com Inc. (AMZN) is a leading player in the streaming industry with its Prime Video platform, which is included in its popular Amazon Prime subscription service. Aside from its streaming services, Amazon also has a diverse range of businesses, including e-commerce, cloud computing, and digital advertising.

In February, Amazon reported its 4th quarter 2022 financial and operating results. In reference to its streaming business, in Q4 2022, Amazon Prime Video had its highly anticipated release of The Lord of the Rings: The Rings of Power attracting more than 100 million viewers worldwide. As a result, this drove more Prime sign-ups worldwide than any previous Prime Video content. In addition, Thursday Night Football experienced its most streamed NFL game ever. Specifically, the average audience of 11.3 million viewers.

So far in 2023, shares of Amazon stock are up 5.72% year-to-date. While, this past Friday, shares of AMZN stock closed the day 1.65% lower at $90.73 a share.

Source: TD Ameritrade TOS

[Read More] Dividend Stocks To Buy Now? 3 For Your Watchlist

Walt Disney Co. (DIS Stock)

Next, The Walt Disney Company (DIS) is another major player in the streaming industry with its Disney+ platform. In fact, Disney+ has gained significant market share since its launch in 2019. Disney’s strong brand and intellectual property portfolio, including popular franchises such as Star Wars, Marvel, and Pixar, give it a competitive advantage in the industry.

Just last month, The Walt Disney Company announced a strategic restructuring aimed at refocusing the organization on creativity and empowering creative leaders. The company will be divided into three core business segments, including Disney Entertainment, which will be overseen by co-Chairmen Alan Bergman and Dana Walden and will manage all content decisions for the company’s streaming businesses, including Disney+ and Hulu. The restructuring emphasizes the company’s commitment to the streaming industry, which remains a top priority for the company’s sustained growth and profitability.

Year-to-date, shares of DIS stock have advanced by 5.17% so far. Meanwhile, as of this past Friday’s closing bell, DIS stock finished the day down 2.67% at $93.57 a share.

Source: TD Ameritrade TOS

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By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

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