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Are Streaming Stocks Poised For Huge Growth This Quarter?

The coronavirus pandemic and the “stay-at-home” orders have been benefiting video streaming stocks. The demand for home entertainment has been soaring despite the reopening of the economy. After all, we can’t expect people to head out straight away, as some people are still afraid of catching the virus. 

The year 2020 hasn’t been kind to anyone. From breaking 2 million confirmed cases and worrying unemployment rate to broader US-China trade tensions. The economic downturn we are seeing right now could stay a little longer than we have expected. But that’s not a bad thing for streaming providers. In fact, it could possibly drive more subscribers away from traditional pay-TV and toward streaming. The absence of live sports on Disney’s (DIS Stock Report) ESPN and other channels is likely to push viewers to cut the cord. Similarly, a recession could have a similar impact, causing consumers to trim non-essential purchases like cable.

Satellite TV’s Pain is Video Streaming Stocks’ Gain

The fallout from the pandemic and the recession is already starting to impact traditional players. Satellite TV operator DISH Network (DISH Stock Report) is in the midst of reshuffling its staff and re-evaluating its business. The loss of subscribers to cord-cutting is a scenario that was slowly happening before the pandemic. Since then, the process of converting to wireless video streaming players sped up significantly. Unless the traditional rivals offer a more competitive price range and up-to-date content, there’s not much reason not to follow the cord-cutting phenomenon. 

Video streaming stocks are on fire right now and the trend is likely to continue for some time. With that being said, will you still consider adding these video streaming stocks to your watchlist?

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Roku Stock Jumped On Google Acquisition Rumors

Shares of Roku (ROKU Stock Report) grabbed investors’ attention again on Tuesday, rising 12.39% for the day. This came after rumors of Alphabet (GOOGL Stock Report) wanting to acquire Roku. To set things straight, there’s no supporting evidence to this news. Officially, Alphabet hasn’t expressed interest in Roku, and Roku is not putting itself up for sale as of Tuesday. 

Roku’s performance has been respectable since bottoming out three months ago. The stock has seen 86% gains since the sell-off. Roku makes the cut as one of the best stocks to watch because the online streaming platform is built to survive whatever will trigger the next market sell-off. For instance, a spike in coronavirus cases could lead to an uptick in ROKU stock. If the broader economy goes into a deeper recession, Roku will act as a great way for consumers to save money by cutting the cord with their cable and satellite television providers. With that in mind, could Roku stock be presented as a smart all-weather play? 

[Read More] Disney Stock In Focus Ahead Of Theme Park Reopening

Is Netflix Stock Still A Buy At Current Valuation?

One of this year’s more compelling comeback stories is Netflix (NFLX Stock Report). The streaming giant has been one of the undisputed beneficiaries of the widespread stay-at-home orders due to the Covid-19 pandemic. During the pandemic, Netflix saw its subscriptions spiking along with other competitors such as Disney+. As lockdowns are beginning to ease, many are worried that it could cause decreased viewership that will ultimately cause consumers to unsubscribe. However, Bank of America Merrill Lynch analyst Nat Schindler thinks there’s more upside for the company. 

His theory? Many sporting events, movie premiers, concerts and other big events are not coming back anytime soon. Schindler argues that Netflix’s subscriber growth will remain strong in the coming months. That’s one side of the story of course. There’s definitely bullish momentum as we close out the first half of 2020, but there are also some experts who are concerned with how the second quarter will pan out.

After an astonishing first quarter with 15.77 million new subscribers, could the forecast of 7.5 million new subscribers in the second quarter be realistic? While we cannot be sure of the exact churn rate in this quarter, it is helpful to know the approximate number so that investors can have a better grip on their NFLX stocks. The churn rate is an important consideration because the streaming giant recorded a higher churn rate last month. Valuation concerns are also valid. As we close out the second quarter of 2020, would NFLX stock be the top tech stock to buy right now?

By Adam Lawrence

Adam Lawrence is a serial entrepreneur and financial writer for StockMarket.com. He calls Miami, Florida his home but has a love for travel. He started his first digital marketing and website design business, in 2006 at the age of 23. He has worked with and consulted for hundreds of publicly traded companies. His vast knowledge of the public markets has allowed him to gain real-world experience in corporate communications. No matter what is going on in the stock market today, Adam is at the front of the line to track new trends and present them to readers.

As an active contributor to other financial sites like GuruFocus and Benzinga, Adam has gained prominence for reporting on several topics. These include biotech stocks, technology stocks, gold stocks, as well as marijuana stocks. These active stock market sectors have presented investors with some of the biggest opportunities in the stock market today. Adam's goal is to present readers with easily digestible content that is both informative and actionable.

Adam's years of experience in digital marketing have helped give him an edge above other financial writers. His ability to pick up on stock market trends before they hit Main Street is one of the things that has afforded him the opportunity to interact with and engage public companies. Reporting on current events is one thing but being able to dissect them and translate them for readers is of the utmost importance. In doing so, Adam has set a personal standard to deliver timely information that dives deeper than simple headlines and goes into the fine details of what's driving stock market trends. He also stays on top of the most current social media trends among top influencers.

With the emerging landscape surrounding new media, Adam takes an active approach to learn what drives interest in different social media and finds ways to tap into whatever is trending at that time then apply it to his approach to the stock market. In his free time, he enjoys being with his family and working on his house. He's also an avid car enthusiast.