Best Streaming Stocks To Keep An Eye On - October 14th

Key Points

• Spotify Technology, along with Franco-Nevada, Roku, Confluent, and Tencent Music, are identified as key streaming stocks to monitor due to their high trading volumes and significant roles in the digital content sector.
• Franco-Nevada Corporation focuses on gold and precious metals, operating as a royalty and streaming company across various regions, while also managing energy assets.
• Tencent Music Entertainment Group offers a comprehensive music streaming experience in China, featuring platforms for personalized music discovery, karaoke, and live content.

Spotify Technology, Franco-Nevada, Roku, Confluent, and Tencent Music Entertainment Group are the five Streaming stocks to watch today, according to MarketBeat's stock screener tool. Streaming stocks are shares of companies whose core business is delivering audio, video, or live content over the internet (for example, Netflix or Spotify). Investors buy these stocks to gain exposure to growth in digital content consumption, which is driven by subscriber growth, advertising revenue, and licensing deals; they can be volatile because of high content costs, intense competition, and shifting consumer preferences. These companies had the highest dollar trading volume of any Streaming stocks within the last several days.

Spotify Technology (SPOT)

Spotify Technology S.A., together with its subsidiaries, provides audio streaming subscription services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers.

Read Our Latest Research Report on SPOT

Franco-Nevada (FNV)

Franco-Nevada Corporation operates as a gold-focused royalty and streaming company in South America, Central America, Mexico, the United States, Canada, and internationally. It operates through Mining and Energy segments. The company manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent.

Read Our Latest Research Report on FNV

Roku (ROKU)

Roku, Inc., together with its subsidiaries, operates a TV streaming platform in the United states and internationally. The company operates in two segments, Platform and Devices. Its streaming platform allows users to find and access TV shows, movies, news, sports, and others. The Platform segment offers digital advertising, including direct and programmatic video advertising, media and entertainment promotional spending, and related services; and streaming services distribution, such as subscription and transaction revenue shares, and sale of premium subscriptions and branded app buttons on remote controls.

Read Our Latest Research Report on ROKU

Confluent (CFLT)

Confluent, Inc. operates a data streaming platform in the United States and internationally. The company provides platforms that allow customers to connect their applications, systems, and data layers, such as Confluent Cloud, a managed cloud-native software-as-a-service; and Confluent Platform, an enterprise-grade self-managed software.

Read Our Latest Research Report on CFLT

Tencent Music Entertainment Group (TME)

Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People's Republic of China. It offers QQ Music, Kugou Music, and Kuwo Music that enable users to discover music in personalized ways; long-form audio content, including audiobooks, podcasts and talk shows, as well as music-oriented video content comprising music videos, live performances, and short videos; and WeSing, which enables users to sing along from its library of karaoke songs and share their performances in audio or video formats with friends.

Read Our Latest Research Report on TME