Top Stocks To Watch This Week? 4 Streaming Stocks To Know

Do You Have These Streaming Stocks On Your Watchlist This Week?

As we enter another week of trading in the stock market, streaming stocks are back in focus among investors. In today’s world, streaming has become a core activity for many people. Consumers now favor the idea of being able to access their favorite content anywhere and at any given time. In the past, people were required to follow TV channels’ program schedule. But with streaming, you have the luxury to watch it at your convenience. In fact, many people are also exploring streaming as a career path. For instance, Amazon’s (NASDAQ: AMZN) Twitch is a popular streaming platform where people are able to share their ideas while meeting new people online. Well, the idea of being a full-time streamer a decade ago would be deemed absurd, but not anymore. 

On top of that, companies such as Walt Disney (NYSE: DIS) also invested heavily into content streaming. Some may argue, without the introduction of Disney+, the effect of the pandemic would have been detrimental for the company. The company launched Disney+ at the best possible time, right before the pandemic. Fast forward to today, it now rivals some of the top names in the streaming industry. With that in mind, do you think the streaming space will continue to grow? If so, here is a list of the top streaming stocks in the stock market today

Best Streaming Stocks To Watch This WeekNetflix 

First, on the list, we have one of the pioneers of streaming, Netflix. Essentially, the company is a provider of subscription streaming entertainment services. As of today, the company has paid streaming memberships in over 190 countries. Netflix subscribers can watch a variety of television (TV)  series, documentaries, and feature films across a variety of genres and languages. 

stocks to buy sell Netflix Stock price NFLX

Earlier this year, there were questions about the future of Netflix as there are more streaming companies on the rise. However, the company has answered its doubters with conviction. NFLX stock has risen more than 140% since the start of the year despite dealing with increasing competition. Furthermore, its third-quarter earnings report has also surpassed the expectations of many analysts.

The quarter’s subscriber growth of 4.4 million was way above the expected 3.84 million. In fact, it now expects to add 8.5 million subscribers in the fourth quarter. Also, its earnings per share were $3.19 compared to an expected $2.56 according to Refinitiv. Netflix believes that it will end the year well as there will be plenty of exciting content coming in the fourth quarter. With that in mind, would you consider NFLX stock as a top streaming stock to watch now?

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Roku

Following that, we have another leading streaming company in the world right now, Roku. Impressively, its streaming devices are used by millions of consumers all over the world. Also, its platform allows content providers and advertisers to reach a massive and highly engaged audience. Its advertising tools are built for streaming and enables Roku advertising to deliver relevant audiences to brands and agencies.

best communication stocks to buy (ROKU stock)

Earlier this month, the company unveiled its “Ok, Roku does that” television streaming leadership campaign in Canada. This builds on the momentum of new product launches as we enter the holiday season. The campaign highlights the company for its innovation, ease of use, and simplicity it offers to television lovers in a broad advertising campaign across TV streaming. 

Overall, as both Roku and TV streaming grow, the company continues to add more content like news and sports. It launched new products such as the Streambar™, the Roku Streaming Stick™ 4K and worked with TV brand partners to launch Roku TV Models. These efforts create a greater TV experience for its customers. Well, the company will be announcing its third-quarter financial report on November 3. So, would you consider investing in ROKU stock ahead of time?

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Spotify 

Next, we will be looking at music streaming giant, Spotify. For those unfamiliar, the company offers digital music streaming services. Its users are able to discover new releases, playlists, and millions of songs through its platform. The company offers Spotify Free, which includes only shuffle play or Spotify Premium, which has features such as listening offline, unlimited skips, and access to high-quality audio without any advertisements. 

best streaming stocks (SPOT stock)

Last Wednesday, Spotify announced a new partnership with Shopify (NYSE: SHOP). The collaboration will allow artists to list merchandise directly on their profiles on the audio-streaming giant’s platform. Of course, these artists must have a Shopify account before setting up their virtual merch tables. In the long run, this would help the company’s efforts to aid artists to maximize additional revenue streams.

Moreover, it is noteworthy that the company will be posting its third-quarter earnings report on October 27. Investors will be paying close attention to some major metrics such as subscriber growth, revenue, and operating income. The company posted better than expected numbers across the board for these metrics during its second quarter. So, do you think Spotify will be able to replicate its success in this upcoming quarterly report? If you think so, would you be buying SPOT stock? 

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Comcast 

To sum up the list, we will be looking at the media and tech company, Comcast. In detail, the company has three primary businesses, Comcast Cable, NBCUniversal, and Sky. It operates various types of communication services that range from film entertainment to wireless, voice, and video services. CMCSA stock has risen more than 20% over the past year.

cmcsa stock

October has been an eventful month for the company thus far. It recently launched XClass TV to extend the reach of the company’s global technology platform to smart TVs nationwide. This means that its platform will be directly available to consumers across the U.S. without an Xfinity subscription. So, with XClass TV, consumers will get access to a smart TV with an integrated interface and voice remote to access their favorite live and on-demand streaming content from hundreds of apps and services. 

On top of that, Comcast will also be supplying Reef Industries with Ethernet dedicated Internet, unified communications, and advanced security solutions. Hence, enabling the company to deliver leading customer service while communicating effectively and efficiently. Prior to this, Reef was using a router-based VPN and had limited visibility into when and why a site was down. Therefore, the ability to receive real-time insights would be a huge step forward for the company. Given these exciting developments, would you add CMCSA stock to your watchlist?

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