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Streaming Stocks To Consider - November 1st

Spotify Technology logo with Communication Services background
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Key Points

  • Spotify Technology, Roku, and Logitech International are highlighted as streaming stocks to watch based on their high dollar trading volume in recent days.
  • Spotify provides premium and ad-supported music and podcast streaming, while Roku operates a TV streaming platform monetized through advertising, content distribution, and subscriptions.
  • Logitech benefits from streaming through hardware such as webcams, microphones, headsets, keyboards, and other products designed for creators, gamers, and streamers.
  • MarketBeat previews top five stocks to own in December.

Spotify Technology, Roku, and Logitech International are the three Streaming stocks to watch today, according to MarketBeat's stock screener tool. “Streaming stocks” are shares of publicly traded companies that provide or benefit from digital streaming services, such as video, music, or live-content platforms. Investors often evaluate them based on subscriber growth, engagement, advertising or subscription revenue, content costs, and profitability. 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

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

Logitech International (LOGI)

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, gaming, and streaming worldwide. The company offers products for gamers and streamers, including mice, racing wheels, headsets, keyboards, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mice and wireless mouse products; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; PC-based webcams, including streaming cameras and VC webcams; tablet accessories that includes keyboards for tablets; PC and VC headsets, in-ear headphones, and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers.

Read Our Latest Research Report on LOGI

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Should You Invest $1,000 in Spotify Technology Right Now?

Before you consider Spotify Technology, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spotify Technology wasn't on the list.

While Spotify Technology currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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