ROKU - All Roads Lead to Roku as a Streaming Stock Bargain
2024-07-19 11:50:00 ET
There are signs that things could get better for Roku (NASDAQ: ROKU) . You just need to connect the dots. There are two events on Thursday that bode well for the streaming video pioneer's future. First, Comcast (NASDAQ: CMCSA) increased prices for its Peacock Premium streaming service by $2 a month. Then, the market was able to take in Netflix 's (NASDAQ: NFLX) second-quarter report.
A platform flexing its pricing elasticity doesn't immediately seem like a bullish feather in Roku's cap. Netflix posting mixed financial results also would seem to have no impact on Roku. Press the pause button. Zoom in. Roku stands to gain ground following both events.
Comcast's Peacock got a little more expensive on Thursday. The ad-supported Peacock Premium plan is now $7.99 a month -- just a $2 increase, but a 25% jump. The monthly rate for the largely ad-free Peacock Premium Plus offering is also going up by $2 to $13.99.
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All Roads Lead to Roku as a Streaming Stock Bargain