A Roku Beaucoup?


In a market where there’s so much skepticism around equities, commodities, and economics in general, there is one sector in the stock market which is thriving.

In fact, it’s a favorite in a select group of stocks analyzed by financial professionals with $1B Assets Under Management.

Ticker Code Ticker Name Ticker Industry Price Change Average Volume (50)*
NBIX Neurocrine Biosciences Inc Biotechnology 3.81% 819,896
OPGN Opgen Inc Diagnostics & Research -22.60% 887,300
ZOM Zomedica Pharmaceuticals Corp Drug Manufacturers – Specialty & Generic 24.00% 32,831,401
SCYX Scynexis Inc Drug Manufacturers – Specialty & Generic 7.14% 1,142,561
TUES Tuesday Morning Corp Discount Stores -107.14% 1,637,651
ROKU Roku Inc Pay TV 33.82% 12,781,878
TXMD TherapeuticsMD Inc Drug Manufacturers – Specialty & Generic 19.08% 5,664,626
HHT China Advanced Construction Materials Group Inc Building Materials -22.22% 891,906
MVIS Microvision Inc Scientific & Technical Instruments 8.87% 33,818,165
ONTX Onconova Therapeutics Inc Biotechnology 16.67% 5,015,068
TRPX Therapix Biosciences Ltd Biotechnology -4.88% 2,836,328
GOOG Kitov Pharma Ltd Internet Content & Information 17.14% 2,127,956
KTOV Alphabet Inc Biotechnology 36.73% 11,687,819
AAPL Fuelcell Energy Inc Consumer Electronics 1.57% 39,573,757
FCEL Apple Inc Electrical Equipment & Parts 26.70% 8,386,688
MARK Remark Holdings Inc Internet Content & Information 72.12% 26,083,328
AMZN Amazon Com Inc Internet Retail 1.24% 5,629,197
SQBG Sequential Brands Group Inc Apparel Manufacturing 12.50% 962,584
TTNP Titan Pharmaceuticals Inc Biotechnology 28.13% 8,310,046
V Visa Credit Services -0.83% 14,335,145

Companies such as Netflix, Amazon and Disney have all seen demand for their streaming services surge through the coronavirus pandemic, but oftentimes, streaming services can be housed under one roof…

A Roku device.

Overnight, Morgan Stanley’s Benjamin Swinburne increased his price target on ROKU to $153/share, or a $20/share increase from its current trading range.

Swinburne’s thesis for his reported bullish stance on Roku (NYSE: ROKU) itself is that the company is pacing 7% month-over-month in advertisement revenue increases and is therefore expecting an 84% advertisement revenue increase through 2020.

That’s an outlier as compared to Roku’s 2019 advertisement revenue increase of 20%, and earlier forecasting of 20% growth year-over-year.

Bottom line, Roku is making more money than ever in advertising revenue, much of which comes directly from streaming services such as Netflix, and therefore, one could make the argument that now is indeed a time to be bullish on the company itself.

While this is an eye-popping stock catalyst to me personally as an individual with an education in economics and finance, I also like where the stock itself is trading today to potentially make a move as a trader.

Hovering around yesterday’s high-of-day of $132.88/share, Roku has run room toward $138.79/share, a resistance level established on May 7, 2020.

Should Roku trade above $132.88 short-term resistance, I’ll look to place a bullish trade on Roku, stretching profits as high as possible, and pay myself by the end of the day.

Yours for TrackStar trading,

Davis Martin
America’s #1 Premarket and Day Trader

Disclaimer: This is not investment advice. This article is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions.