Posted about 5 years ago by 1dolinski(7977)

What to watch: Roku stock has been on fire, soaring some 33% over the past month. While there’s still some concern about Roku’s valuation, the company fits the textbook definition of a stay-at-home stock which the markets sees as gaining increased tailwinds as coronavirus cases continue to rise. Fundamentally, Roku’s ad-driven streaming business is poised to sustain its growth, even more so now that Apple’s (AAPL) Apple TV+ and Disney’s (DIS) Disney+, among others, are added to the company’s platform. Nonetheless, the company on Wednesday must allay concerns about its ad pricing power during which is believed to have had negative impact on Q2 results.

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