$1,000 and 1 Stock: This Is the Consumer Play for the Long Term
Written by Neil Patel for The Motley Fool -> The streaming market is crowded, but this platform business is in a great position to continue riding the secular growth story. Advertising dollars shifting to connected TV is the major revenue driver for this company. With earnings
The streaming market is crowded, but this platform business is in a great position to continue riding the secular growth story.
Advertising dollars shifting to connected TV is the major revenue driver for this company.
With earnings set to rise at a rapid clip, the stock still has upside.
Investing even a little bit of money into the equity of businesses is better than putting no capital at risk. That's because the stock market has proven to be an excellent tool to build long-term wealth. The closely followed S&P 500 index has generated a total return of 328% in the past decade (as of June 3).
Some individual businesses might possess even greater potential. And $1,000 is a good place to start when searching for these opportunities. If you're ready to invest this much, take a look at this streaming stock . It's a consumer play for the long term.
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In the world of streaming, Netflix , Walt Disney , or Alphabet 's YouTube get a lot of the attention. Roku (NASDAQ: ROKU) might be overlooked. But it's very well positioned in the overall industry.
Investors might think of the business as a seller of media sticks or TVs, but Roku is primarily a platform these days. This platform segment, which makes money from advertising and subscriptions , posted 28% year-over-year revenue growth to over $1.1 billion in Q1 (ended March 31). The platform represents 91% of the company's top line, with hardware accounting for the rest.
